Eastern Europe’s Growth Miracle, Delivered by the EU

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EU membership led to rapid economic change 

When my family moved to Prague for several years in 2003, the Czech Republic was on the cusp of a major transformation. Just a year later, the country joined the European Union (EU)—a decision that would become a defining moment in its modern history.  

Back in the early 2000s, life in Prague felt remarkably affordable. A pint of beer cost just 15 CZK, about 50 Euro cents, while a cheeseburger at McDonald’s was a mere 10 CZK (33 Euro cents). 

Historically, Bohemia had been part of the industrial heartland of the Austro-Hungarian Empire,

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