. Prague city Prague has undergone a number of radical changes. In the ten years after the fall of the communist regime in November 1989, the country's political system, state administration and system of local government were transformed as the market economy and private ownership were re-established. Prague generates over 20% of the national gross domestic product and double the average of the whole country is attributable to it in per capita terms. Approximately one-fifth of all investment in the Czech Republic takes place in the city's territory. The largest part of Prague's economy has undergone profound transformation, and a vast majority of the private sector that has emerged through privatization over the last decade has successfully adapted to the new conditions of the market economy. In addition to Czech businesses a number of foreign companies operate in the city and their business interests spread in all directions throughout the continent. The favorable investment climate is also confirmed by the city's 'A' rating by Standard & Poor's. The services sector has grown significantly while the percentage of manufacturing industries is decreasing. In addition to business services (finances, real estate market, information technologies, consulting, advertising, etc.) and services for individuals (primarily retail), the tourist industry holds an exceptional position in Prague. The most important industrial sectors are the printing, food, chemical, and engineering industries. A significant proportion of research and development is based in Prague. The recent construction boom in Prague's districts of Sm?chov, Karl?n and some suburban areas of the city documents how vast the change really is. New office buildings, financial institutions, hotels, restaurants and shopping malls now occupy popular downtown locations. The city office's long-term development plans should help make Prague a real metropolis in the future. Prague offers over four million sq m of office space, including over three million sq m in the commercial sector. Over one-third of the spaces comprise premises meeting the highest European quality standards. Every year, contracts for the sale and lease of over 100,000 sq m are executed. A number of new office centers and buildings are under construction or at the design stage; they should bring approximately 500,000 sq m of office space Low cost flights to Prague. The international Prague airport (phone +420 220 111 111, +420 296 661 111) is in the west of Prague. There are many cheap direct flights operated by Easyjet, BMIbaby from UK and by SmartWings from continental Europe and Dublin. for more informaion about prague please click here .