Czech Republic slightly improves position in economic freedom ranking.

By bne IntelliNews January 13, 2011
The Czech Republic was rated 28th in a ranking by the U.S.-based Heritage Foundation, with a score of 70.4 points, up by 0.6 points, the 2011 Index of Economic Freedom report showed. The country registered progress in five of the 10 economic freedom categories. The Czech Republic is ranked 14th out of 43 countries in the Europe region, and its overall score is higher than the regional and global averages. The improvement in the ranking was supported to a strong commitment to structural reforms aimed at developing a modern and flexible economy. Further growth in economic freedom in the country will require strengthened management of public finances, better protection of property rights, and more effective elimination of corruption. The government is placing a high priority on fiscal discipline and striving for budgetary balance after years of fiscal deficits.

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