Twenty years on, Visegrád states are converging to rest of the EU
Czech Republic, Hungary, Poland and Slovakia have undergone economic transformation, CNB finds
The Czech Republic, Hungary, Poland and Slovakia have all made considerable strides to converge to the economic standard seen in the rest of the European Union (EU), new research from the Czech National Bank (CNB) shows.
But productivity levels remain lower compared with the EU average, the CNB says. One hour of work in the Czech Republic only has 77% of the value added by one hour of work in the rest of the EU. Czech workers offset this by staying at work longer. The average Czech labourer works
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