22 Mar 2019
The Czech Republic has ranked among the top European countries for start-ups, according to an analysis conducted by NimbleFins.
Economic health, cost of doing business, business climate, and the quality of labour force were the factors taken into consideration.
Czech Republic placed 6th, following Switzerland and Estonia. Germany, the UK, and Ireland ranked in the top 3 respectively. As BRNO Daily reports, the World Bank, OECD, UNESCO, and the World Economic Forum are some of the analysis’ sources.
The country’s strongest indicator was the cost of business, having ranked 1st. The indicator measures the costs for operating a business, tax rates and wages.
For economic health, the Czech Republic ranked 7th – indicating that its GDP, rate per capita and unemployment rate are all strong.
Additionally, it ranked 12th for the quality of the workforce, revealing that 90.2% of its population have at least an upper secondary education, while 20.2% boast a tertiary education.