Prague (Czech: Praha) is the capital city and largest city in the Czech Republic. It's one among the most important cities of Central Europe and has served as the capital of the historic region of Bohemia for hundreds of years. The town is legendary for its unique medieval architecture, the historical centre of Prague is inscribed within the World Heritage List.

The city is bisected by the Vltava River. Nicknamed “the City of 100 Spires,” it's known for its Old Town Square, the guts of its historic core, with colourful baroque buildings, Gothic churches and therefore the medieval Astronomical Clock, which provides an animated hourly show. Completed in 1402, pedestrian Charles Bridge is lined with statues of Catholic saints.
 

• The demonym for a Prague resident: Praguer
• Population: 1,380,000 (Prague)
• Density: 12,000 people per square mile (4,633 per square kilometre)
• Population: 10,644,842 (Czech Republic)
• Density: 350 people per square mile (135 per square kilometre)
• GDP: US$89.2 billion in 2014 (Prague)
• GDP per person: $46,947
• Note: The above GDP metrics are on a Purchasing Power Parity basis and are in U.S. dollars.  
   

Prague is autonomously administered by the Prague City Assembly, which is elected through municipal elections and consists of 55 to 70 members. the chief body of Prague, elected by the Assembly may be a Prague council. The municipal office of Prague is named Prague hall. It's 11 members including the mayor and it prepares proposals for the Assembly meetings and ensures that adopted resolutions are fulfilled. The present Mayor of Prague is Czech Pirate Party member Zden?k H?ib.

Until 1949, all administrative districts of Prague were formed by the entire one or more cadastral units, municipality or town. Since 1949, there has been a fundamental change within the administrative district. Since then, the boundaries of the many urban districts, administrative districts and city districts are independent of the boundaries of cadastral territories and a few cadastral territories are thus divided into administrative and self-governing parts of the town. Cadastral areas (for example, Vinohrady, Smíchov) are still relevant especially for the registration of land and land and house numbering

Prague (Praha) has a well-diversified financial system with an emphasis on the commercial sector.

The metropolis was negatively influenced by the recession in Russia (1999), despite the fact that since the Czech’s entry into the European Union (2004) it has helped the financial system regain its strength. EU access has extended exports on the whole to its neighbour Germany, and overseas investments have almost doubled.

The Czech Republic has adopted the Euro inside the 12 months 2012, and therefore the currency has changed from Czech Koruna (CZK) to Euro.

In Prague, the prices are relatively lower as compared to other EU cities and this has encouraged many international companies to base their European headquarters in Prague. Additionally, international film production companies have also been interested in the town not only for the lower costs but also for the fascinating architecture.

Approximately one-fifth of all investments within the Czech Republic takes place in Prague.

A significant proportion of research and development is predicated in Prague, especially within the search to seek out alternatives for natural resources. The town remains highly hooked on Russia for the availability of oil and gas and thus officials are looking to develop solar energy and nuclear plants, also as other fuel solutions.

Prague’s GDP per capita is nearly double than the Czech Republic and therefore the city is liable for generating over 21% of the national gross domestic product. This ranks Prague amongst the 12 richest EU regions in terms of GDP per capita/Purchasing Power Parity.

The city of Prague has an economy supporting various industrial sectors. These include aircraft engines, diesel engines, refined oil products, electronics, chemicals, food, printing, automobiles etc.

However, within the last decade, Prague’s economy has undergone a serious transformation; manufacturing has decreased and there has been a rapid climb within the newly privatised service sector.

Business services like finances, information technologies, land, consulting and advertising have expanded. The tourism industry which incorporates hotels, restaurants, tours and travel agencies is playing an exceptional role within the economy, contributing nearly 60% to Prague’s overall income.

Prague features a lower unemployment rate than the remainder of the country. Although jobs have declined within the manufacturing sector, Prague still holds the most important industrial centre within the Czech Republic.

As of 2017, Prague had a current transport modal share: 52% of all trips are done in public transport, 24,5% in cars, 22,4% on foot, 0,4% on bikes and 0,5% by aeroplane.

The City of Prague offers excellent infrastructure, including excellent transport links, one among the simplest conveyance systems in Europe, office premises and hotel accommodation. Prague may be a city of contrasts. Serene green islands on the river and tranquil parks draping the town ’s seven hills are just stepping stones far away from the countless architectural treasures and therefore the bustling street life of the city centre. Since our previous experience with GSA agency, we realize the requirements of EBA for correct congress and conference capacities alongside sufficient accommodation capacities. Prague’s excellent transport system may be a remarkable time saver also. Prague may be a city favoured by ex-pats including a big British and Italian community. Simply put, Prague offers diverse and open-minded modern communities and excellent living conditions and amenities.

The conveyance infrastructure consists of a heavily used Prague Integrated Transport Prague has one among the very best rates of public transport usage within the world, with 1.2 billion passenger journeys per annum. Prague has about 300 bus lines and 34 tram lines. There also are three funiculars.

The Prague tram system is the twelfth longest within the world (142 km) and its wheeled vehicle consists of 857 individual cars,[106] which is the third-largest within the world behind Moscow and Budapest. The system carries quite 360 million passengers annually, the very best tram patronage within the world after Budapest, on a per capita basis, Prague has the second-highest tram patronage after Zürich.

All services (metro, tramways, city buses, funiculars and ferries) have a standard ticketing system that operates on a proof-of-payment system. Basic transfer tickets are often bought for a 30/90-minute ride, short-term tourist passes are available for periods of 24 hours or 3 days, longer-term tickets are often bought on the smart ticketing system Líta?ka card, for periods of 1 month, three months or one year.

Prague is served by Havel Airport Prague, the most important airport within the Czech Republic and one among the most important and busiest airports in central and eastern Europe. The airport is the hub of carriers Smartwings and Czech Airlines operating throughout Europe. Other airports in Prague include the city's original airport within the north-eastern district of Kbely, which is serviced by the Czech Air Force, also internationally. It also houses the Prague Aviation Museum. The nearby Let?any airport is especially used for personal aviation and aeroclub aviation. Another airport within the proximity is Aero Vodochody aircraft factory to the north, used for testing purposes, also as for aeroclub aviation. There are a couple of aeroclubs around Prague, like the To?ná airfield.

In 2018, 2% of individuals commute by bike in Prague, cycling is extremely common as a sport or recreation. As of 2017, there was 178 km (111 mi) of protected cycle paths and routes. Also, there have been 48 km (30 mi) of motorcycle lanes and 24 km (15 mi) of specially marked bus lanes that are liberal to be employed by cyclists. Bike-sharing is obtainable by four different companies, three of them are Czech. The primary one is Rekola operating in Prague since 2013, which has 900 free-flowing bikes around Prague as of 2019. The other is named Free bike and it's operated by Homeport, it's operating 450 electric bikes in Prague as of 2019. The third one is Velonet, operating but 50 bikes in Prague 4. Since 2018, scooter sharing is obtainable by American company Lime which operates quite 1000 electric scooters in Prague as of 2019.