Regional competitiveness is the ability of a region to offer an attractive and sustainable environment for firms and residents to live and work. Launched in 2010 and published every three years, the Regional Competitiveness Index (RCI) allows regions to monitor and assess their development over time and in comparison with other regions.
In more than 70% of the cases, the competitiveness development stage remains unchanged from 2013, whilst about 8 % of the regions improved their development stage (from one class to the one immediately above it). These regions are in Austria, the Czech Republic, Germany, Poland, Romania and Slovakia.
As for the Czech Republic, all Czech regions seem to show high Technological Readiness and high macroeconomic stability compared with the EU average. The regions scored worse than the EU average in categories Infrastructure, Innovation (except Prague and Jihovychod regions), Business Sophistication (except Prague) and Institutions.
When compared with Vienna, Prague scores better in Technological Readiness and gets similar scores for Macroeconomic Stability, Health, Higher Education and Lifelong Learning, Labour Market Efficiency and Innovation.
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