Czech Republic climbs World Bank business environment rankings

The Czech Republic has climbed the World Bank’s annual rating of countries for their business environment. In the Doing Business 2017 survey, the Czech Republic is now placed 27th, up nine places on its position a year earlier. The latest position is also the best ever for the country and an advance of 47 places compared with the placing in 2010. One black point in the survey is the red tape needed to get building permits where the country’s performance actually worsened from year to year.