Business ranking improvement target for the Czech Republic

Every year, the World Bank publishes a report entitled ‘Doing Business’ which lists countries and why they are doing well economically. For the most part, this prestigious review looks into the difficulties faced when starting a business in specific countries. However, there is general confusion when it comes to the Czech Republic as some reports are suggesting improvement whilst others are saying that they have fallen back.

In truth, both assessments could be deemed as correct. In the World Bank’s rankings this year, Czech Republic broke into the top 30 after climbing nine places into 27th. However, the Bank’s comparison values have changed over the years and, using the new methodology, the country could actually be lower.

Although they still find themselves behind Poland in 24th, the Czech Republic are still above a host of other countries including France, Switzerland, and even Italy. If you were to look towards the top of the rankings, you would find the likes of the UK, South Korea, Norway, New Zealand, Denmark, and Singapore.

Photo Image Provided by; © Jc1305us | Dreamstime.com - The Dancing Building Prague, Czech Republic Photo