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Apr 30, 2001

Czech crossroads

It's over ten years since Czechoslovakia's communist government fell. But how has Prague's equity market developed?

In 1991, the first time I visited Czechoslovakia, it was difficult to miss the remnants of communism. Aesthetically there was a drab feel to the country. Finding a working telephone required patience, a sense of humor and an impossible degree of optimism. Perhaps worst of all, at least at meal time, was the frustratingly shallow selection of restaurants and shops established without any apparent consideration for supply and demand, strategic placement, or the remote possibility the general

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