Study: Czechia Europe’s best manufacturing destination
The Czech Republic is the best destination in Europe for manufacturers seeking to scale up their production, according to a study carried out by the agency Cushman & Wakefield.
Globally, the Czech Republic came fourth behind China, the United States, and India, up from fifth place last year.
Among the major contributing factors are the country’s strategic position in the centre of Europe with good transport infrastructure, advanced local businesses, an economic and political environment with a low rate of risk and also moderate labour, energy and development costs, the study suggests.
In terms of the risk rating, the Czech Republic came seventh this year, with Germany being the only European country to outperform it.