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Legal Framework

Monday, 28 September 2009 22:02
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Legal Framework Netherlands Austria Czech Republic Hungary Slovakia Poland Bulgaria
Total Sum 9,98 9,58 8,89 10,46 9,33 10,03 11,73
Total Score 1,00 0,96 0,89 1,05 0,93 1,00 1,17
Legal Framework Netherlands Austria Czech Republic Hungary Slovakia Poland Bulgaria
Score* CG index** Score* CG index** Score* CG index** Score* CG index** Score* CG index** Score* CG index** Score* CG index**
Starting a Business 3,83 1,46 2,17 0,83 3,16 1,21 3,50 1,34 2,66 1,02 1,33 0,51 1,66 0,63
Real Estate 3,00 1,13 2,90 0,91 3,20 1,00 2,86 0,90 3,25 1,12 3,20 1,00 3,00 0,94
Taxes 3,37 1,07 3,37 1,07 3,03 0,96 3,23 1,02 3,14 1,00 2,80 0,89 3,14 1,00
Judiciary 3,77 1,15 3,55 1,08 3,32 1,01 3,27 1,00 3,05 0,93 2,91 0,89 3,05 0,93
Capital Markets 3,78 1,13 3,35 1,00 2,87 0,86 3,48 1,04 3,00 0,90 3,17 0,95 3,78 1,13
Insolvency 2,90 0,84 3,36 0,97 4,09 1,18 3,00 0,87 3,81 1,10 3,45 1,00 3,64 1,05
e-Government 4,66 1,41 3,58 1,08 3,22 0,98 3,66 1,11 2,41 0,73 2,58 0,78 3,00 0,91
Labor Law 3,68 1,21 3,04 1,00 2,40 0,79 3,16 1,04 2,88 0,94 3,24 1,06 2,96 0,97
IPR 3,78 1,13 3,37 1,00 3,50 1,04 3,52 1,05 3,11 0,93 3,07 0,91 3,15 0,94
Competition 3,90 1,20 3,50 1,08 3,10 0,96 3,59 1,11 3,00 0,93 2,91 0,90 2,69 0,83

* Since EU data for legislation is not available, country score indicators in each area were assessed on the scale from 1 (minimum) to 5 (maximum).
** The country score indexed against the average of the seven countries in the comparative group.

Source: AmCham analysis.

Last Updated ( Friday, 02 October 2009 14:28 )  

Legal Framework

Indicators

Policy Learning Points

  • Judges may need further training- and quickly- in the new re-organization provisions if the country is going to take full advantage of the quality of its new law.
  • The labor code requires more flexibility and greater differentiation between types of employees.
  • The basic capital required to form a joint stock company could be reduced.
  • A quicker registration process for real estate would boost the sector.
  • Progess in e-government is being held up by inadequate rules for the electronic conversion and archiving of documents.

Assessment

We constructed a simple model for determining country performance in every indicator and each area.
 
 Exceeding +.15 meant that the indicator or area was a competitive advantage for the country. These areas are shaded in green.
 
 Performing at +/-.15 of the European average (1.0) meant the country was competitive. These indicators or areas are shaded in blue.
 
 Falling below -.15 of the European average indicated a competitive disadvantage. These areas or indicators are marked in red.