Prague has, in recent years developed a real reputation as a party town, and is home to many bars and nightclubs where you can drink and dance until dawn. Though not as cheap as it once was, Prague is still good value in comparison to Britain, and a heavy night in the city shouldn't set you back too much.
The main nightlife in Prague is centred on Wenceslas Square in the centre of the city, and here you can find a huge variety of bars and clubs as well as some excellent restaurants. Prague is a popular destination for stag parties, and some bars do get fairly rowdy late in the evening.