the best city in East Europe for business.
In 2005, Prague was deemed among the three best cities in eastern Europe according to The Economist's livability rankings. The city was named as a top-tier nexus city for innovation across multiple sectors of the global innovation economy, placing 29th globally out of 289 cities, ahead of Brussels and Helsinki for innovation in 2010 in 2thinknow annual analysts Innovation Cities Index. The street Na Příkopě in New Town is the most expensive in whole Central Europe.
In the Eurostat research, Prague ranked fifth among Europe's 271 regions in terms of gross domestic product per inhabitant, achieving 172 percent of the EU average. It ranked just above Paris and well above the Czech Republic as a whole, which achieved 80 percent of the EU average.
Prague is also the site of some of the most important offices and institutions of the Czech Republic.
• President of the Czech Republic
• The Government and both houses of Parliament
• Ministries and other national offices (Industrial Property Office, Czech Statistical Office, National Security Authority etc.)
• Czech National Bank
• Czech Television and other major broadcasters
• Radio Free Europe – Radio Liberty
• Galileo global navigation project
• Academy of Sciences of the Czech
