In 1989 , after the riot police beat back a peaceful student demonstration , the Velvet Revolution crowded the streets of Prague , and the Czechoslovak capital benefited greatly from the new mood . In 1993 , after the split of Czechoslovakia , Prague became the capital city of the new Czech Republic . From 1995 high-rise buildings began to be built in Prague in large quantities . In the late 1990s , Prague again became an important cultural centre of Europe and was notably influenced by globalisation . In 2000 , IMF and World Bank summit took place in Prague and anti-globalization riots took place here . In 2002 , Prague suffered from widespread floods that damaged buildings and its underground transport system
widespread floods
2002 European floods
Prague