A new study by consumer research company NimbleFins showed that the Czech Republic has earned a spot in the top 12 countries in Europe for startups, securing the 6th spot out of 50 countries studied, czechstartups.com wrote.

Strengths of the Czech startup scene include:

• Low cost of doing business, due to attractive corporate tax rates and below-average salaries and costs of living
• Widely-educated population, with 90% of adults achieving at least an upper secondary education

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