Czechia gains access to the sea

The Czech Republic ranks among the most advanced economies in the EU, with GDP growth projected at 2.4% in 2025 and 2.2% in 2026. This momentum is supported by declining inflation, strong demand from households, and rising real wages, while the industrial sector also makes a notable contribution. The key drivers of the economy are automotive manufacturing, machine building, electronics, and steel production, while agriculture produces grains, vegetable oils, and hops. However, the ongoing war in Ukraine, restrictive monetary policy, the energy crisis, and a wave of inflation, which has affected the prices of goods and services, constrain development. High levels of disparity in median equivalized household income across the EU leave their mark on the future of the EU as a unified economic bloc. According to Euronews, a comparison of household incomes across EU countries showed that the Czech Republic ranked 17th, with a figure of €15,133, approximately 378,000 CZK. It surpassed households in Latvia, Portugal, Croatia, Lithuania, Poland, and Greece. Last year, the highest absolute figures were recorded in Luxembourg, where the median equivalized net income exceeded €50,000 (around 1.3 million CZK). The EU-wide average in 2024 amounted to €21,582 (approximately 539,000 CZK).