Finland 3rd best EU country for business

Finland is the third best among the 46 European countries as a place for doing business, a European Chamber (EuCham) research report said on Tuesday.

Denmark secured the top position on the list, followed by Sweden, Finland, Norway and the United Kingdom.

Ukraine was placed at the bottom on the list, followed by Azerbaijan, Russia and Moldova, said the report.

The EuCham score measures the overall business context constituted by corporate environment, legislation, government policies, social climate, and conditions which enable or prevent the private sector activities from starting, operating and expanding, both in the short and in the long term.

The EuCham scores used for the ranking are based on the average of the World Bank’s Distance to Frontier score (DTF) and Transparency International’s Corruption Perception Index (CPI).