République tchèque

The Velvet Revolution in the Czech Republic


The transition of the 1990’s

- The « Velvet Revolution » (Nov. 17, 1989): the fall of Communism, the passage to the democracy and to the market economy.

  • The fall of communism in 1989 and the break-up of Czechoslovakia (12/31, 1992) opened the road to economic reversal and reintroduction of a market economy through a « shock therapy » economic transformation.
  • - New political and legal systems are set up… with previous Communists, "reconverted".

- The partition of Czechoslovakia is effective on December 31, 1992 without causing neither passion, neither crisis, nor conflict.

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