Czech low on list of places to do business

A new report entitled Doing Business 2009, which evaluates the ease of doing business across the world has rated the Czech Republic in 75th place out of 181 countries. Singapore, New Zealand and the United States top the list, while Congo and the Central African Republic are at the bottom of the table. In comparison to the Czech Republic, Slovakia finds itself in 36th place, while only Greece ranks lower out of OECD countries than the Czech Republic. Georgia also beats the Czech Republic in the list. Key problems that continue to haunt the Czech Republic according to analysts in terms of doing business are a complex registration process, excessive bureaucracy and excessively complex tax laws. In response to this report put together by the International Finance Corporation, the government has stated that new measures are being prepared for early next year.