Industry makes up a large but declining sector of the Czech economy, contributing 42 percent of the country's GDP in 1999, and employing 40.7 percent of the labor force in 1997. The majority of large and medium-sized enterprises have been privatized. Companies that are still run by the state are not very competitive and have sizable debts. Such companies lie primarily in the energy and mining sectors, although some of them are classified as strategic industries.
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