<b>Czech Republic 2008:</b> Rising Prices As Czech Crown Drops

PRAGUE, Czech Republic Next to Poland also in the Czech Republic prices for bikes are on the rise as the national currency is falling in value against the euro and dollar. According to an estimate by the association of specialized bicycle retailers, about 370,000 bikes were sold in the Czech Republic in 2008. Most of these bikes were imported (87%) and just a minority (13%) were of home provenance.