Czech Republic
- 12 years ago
In November 1989, Czechoslovakia returned to a liberal democracy through the peaceful "Velvet Revolution". However, Slovak national aspirations strengthened and on 1 January 1993, the country peacefully split into the independent Czech Republic and Slovakia. Both countries went through economic reforms and privatisations, with the intention of creating a capitalist economy. This process was largely successful; in 2006 the Czech Republic was recognised by the World Bank as a "developed country", and in 2009 the Human Development Index ranked it as a nation of "Very High Human Development".
From 1991, the Czech Republic, originally as part of Czechoslovakia and now in its own right, has been a member of the Visegrád Group and from 1995, the OECD. The Czech Republic joined NATO on 12 March 1999 and the European Union on 1 May 2004. It held the Presidency of the European Union for the first half of 2009.
From 1991, the Czech Republic, originally as part of Czechoslovakia and now in its own right, has been a member of the Visegrád Group and from 1995, the OECD. The Czech Republic joined NATO on 12 March 1999 and the European Union on 1 May 2004. It held the Presidency of the European Union for the first half of 2009.