According to the World Bank, Brno has one of the simplest procedures for obtaining construction permits in the Czech Republic. Photo credit: Pixabay
Brno, Jul 9 (BD) – Α study by the World Bank released on July 3 compares conditions for doing business in four European countries, Czech Republic, Croatia, Portugal, and Slovakia, at a local level. The study evaluates the business environment in 25 cities. According to the city’s data platform, data.brno.cz, “the main objective of this report is to engage with decision-makers and local governments about the many possible ways to accelerate and improve the investment environment.”
In the Czech Republic, World Bank compared the situation in Prague, Brno, Ostrava, Plzeň, Olomouc, Ústí nad Labem, and Liberec in terms of ease of starting a new business, the process of obtaining building permits, registration of property, availability of electricity supplies, and enforcement of contractual obligations. Brno was the top ranked Czech city in terms of the simplicity of acquiring a building permit.
The city also achieved excellent results in the indicator of electricity supply. In this area, Brno ranked second out of 25 cities, behind Prague. The process of connecting to the electricity supply can take up to eight months for businesses in some Czech cities, according to the city’s official statistical platform. The number of days needed to obtain a permanent electricity connection in Brno is 110 days, while in high-income OECD countries it takes 79.1 days. In Prague and Brno, the process can be completed relatively fast and with significantly lower costs, according to a report on data.brno.cz.
Moreover, Brno ranked second in the Czech Republic on the indicator of the transfer of property rights to real estate. Regarding starting a business, the study found that establishing a company in Brno takes 20.5 days, while in high-income OECD countries, it takes just 8.5 days. Nationwide, Brno ranked 4th. On the other hand, our city was rated worst nationwide in the indicator of enforcing contractual obligations.
Get the news first! Subscribe to our daily newsletter here. Top stories of the day in your mailbox every morning.
