IP: Czech business environment is below average in EU

(CIANEWS) - The condition of the Czech business environment corresponds to the 21st place in the EU, according to the October Czech Prosperity Index (IP), which is sponsored by Česká spořitelna and the Europe in Data project by Digital First Marketing Group. The Czech Republic fares worst in the assessment of the conditions for setting up a business, which are the least favourable in the EU. It takes up to 25 days to set up a business, the second longest time among European countries. At the same time, more administrative steps are required to start a company than in other countries. Compared to other Member States, the Czech Republic also has a relatively smaller number of start-ups, with only 131 per million inhabitants, which corresponds to 21st place in the EU ranking. The best conditions for entrepreneurship are in the Nordic countries.



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