Celebrating 30 years of gentle revolution has many supporters, but also quite a few disappointed people. Especially in the business sector. This is because people started their businesses with great euphoria.
But it is perhaps appropriate to recall even today the beginnings in business back then.
Small entrepreneurs started small businesses. Whether it was a trade, a handicraft, or they started their own small farms, for example. Everyone who decided to start a business had the idea and enthusiasm of how they would prosper and that they would be much better off.
Many who were able to take advantage of the fact that privatization had begun welcomed this period very much. Because the influx of capital allowed foreign partners to put people to work. Some businesses began to prosper again. 33]Theturnover of ownership was especiallyconcerning the large Czech companies, banks, and insurance companiesthat had gone into privatization. These Czech and Slovak companies
(formerly Czechoslovakia) 
produced very high quality
and were able to stand up to global competition and thus boasted their names and brands worldwide for a long time.
–For many years the government of the time allowed these important companies and businesses to be bought “for the crown” so to speak. This was because they were promised by the new owners that their businesses would begin to prosper and create more jobs. …… After all, to them we were (and still are) very cheap labor. Foreign firms, especially new ones, of course, were not only offered capital and various subsidies, but most importantly,tax exemptions.
– Foreign-owned businesses closed down, especially after the end of the tax holiday (5-7 years). Most of them were relocated to other countries with cheaper labor, leaving the people unemployed for another long time.
Many mistakes were made in this regard, but politicians are reluctant to admit them. They should have supported Czech entrepreneurs instead of foreigners.
What was the mainnegative for the Czech and Slovak Republic and it continues to this day:
Privatization and the entry of foreign capital had already at that time devalued us and the Slovak korunasignificantly, [so now, looking back 30 years ago, we can thank the government of the time. And we crave it.
vOur pride is badly affected by the fact that up to about 70% of corporations and banks are owned by foreign companies.
What deserves praise today are the small Czech entrepreneurs who are able to revive old Czech crafts in their companies, overcome all crises and bring high-quality products to the masses.
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