As head of an institute on economic forecasts, Komarek was instrumental in explaining to his fellow countrymen the challenges facing the country in the transition from a communist state to a multi-party political system and a market economy.
He served as deputy prime minister in the transition government which led then Czechoslovakia to its first free elections after four decades of totalitarian rule in June 1990.
Komarek, honorary president of the CSSD social-democrat party, was in 1989 considered a possible contender for the post of Czech president, which went to the country's famous dissident and playwright Vaclav Havel.
In a condolence message, Czech President Milos Zeman, former head of the CSSD, called Komarek "one of the people who have left the biggest mark on Czech politics since November 1989.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
