Good business conditions in Prague

That Prague is very popular by tourists is well known. But is it also attractive for business? According to the survey European Cities Monitor (ECM), made by estate agency Cushman & Wakefield in London, Prague is in the 13th place out of 33 European cities in its suitability for entrepreneurial activities.

The city No. 1 for business activities is London before Paris or Frankfurt. However Prague, Madrid and Barcelona were evaluated as cities that did the most to increase their positions. Prague has also another advantage – a lot of companies want to create their affiliates in new EU member states.

Survey ECM is based on answers of 507 managers of top European companies. Good communication, the level of costs and the quality of life in cities were some of the criteria considered by the managers.