Czech Republic seen as second worst EU country in which to start up a business

13-07-2014

The Czech Republic is the second worst country in the EU in which to start up a business, according to a report by the World Economics Form. A survey among local entrepreneurs indicates that the process of setting up a business is bureaucratic and time consuming. Respondents also noted the difficulties of acquiring start-up loans. Only 15 percent of Czechs have moved to establish their own private business, which is the lowest number in the EU.