Czech Republic drops in World Bank’s ease of doing business report
The Czech Republic has dropped by seven places to rank 75th out of 189 countries on the World Bank’s index on the ease of doing business, released on Monday. The report ranks countries according to 10 areas including business regulation, tax collection and obstacles for start-up firms. The report says that over the past year, the Czech Republic has progressed in two of the areas – trading across borders and resolving insolvency. However, its ranking dropped for seven areas including starting a business and property registration.