European investors call for better law enforcement in Czech Rep

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A European-Czech Forum representing chambers of commerce and industry of five EU countries has called on the new Czech government to radically reform legislation related to the business environment and to fight economic crime and corruption.

A European-Czech Forum representing chambers of commerce and industry of five EU countries has called on the new Czech government to radically reform legislation related to the business environment and to fight economic crime and corruption. In a press release, the forum stated that this could be achieved only if the work of the Czech judiciary, state administration and market regulators improves substantially. The forum also urged the government to streamline bureaucratic procedures that make it difficult to set up small and medium-sized businesses and to enter the Czech market by foreign companies. The forum associates chambers of commerce and industry of Britain, France, Germany, the Netherlands and Sweden, and represents over 70 percent of foreign direct investments in the Czech Republic.