Ohh humm31 May 2018 12:10
Business friendly
While all those ministers-to-be might not agree on a political agenda they do all seem to have a clear idea about how to improve Czech competitiveness and boost foreign investments.
�The recent presidential and parliamentary elections could be described as turbulent, and a majority government coalition is yet to be formed. Nevertheless it can largely be said that all parties have a pro-business outlook and there are no looming prospects of adverse measures directed towards investor,� Helen Rodwell, a managing partner at CMS Prague, tells Emerging Europe.
The Czech Republic ranks 30th in the World Bank`s Doing Business Index and 29th in the IMD World Competitiveness Rankings, the only emerging European country in the top 30.
�The Czech market attracts interest from investors for more reasons than the practical advantages of being in the centre of Europe,� Mrs Rodwell explains. �The current corporate legal framework promotes efficiency and simplicity. Since changes to the law were made in 2014, it is now much easier, cheaper and less time consuming to incorporate a limited liability or a joint stock company and to obtain the necessary business license. Additionally, when these factors are combined with the strong economic growth the country is seeing, business investors rightfully perceive the Czech legal environment as ripe with potential.�
The European Commission�s forecasts see Czech GDP growing at a rate of 3.4 per cent in 2018 and investments, by both the private and the public sector, are expected to rise by 5.4 per cent.
https://emerging-europe.com/intelligence/czech-republic-a-country-in-need-of-a-government/
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