Larger firms are more productive
Exporters are larger, more productive, and capital intensive than domestic firms
The convergence process can be accelerated
Labour productivity growth differs across sectors
Regional disparity in labour productivity is high
Firm exit has been declining from high levels
High-innovative start-up creation is nascent
The share of unprofitable firms is high
Service sector displays high share of unprofitable firms
Access to finance is hindered by underdeveloped financial intermediation
Debt-to-equity ratios are elevated
Product market regulation needs to be improved
State control and barriers to entrepreneurship are high
The corporate tax rate is well below the OECD average
Duration of investigations remains elevated
Early stage start-up funding needs to be promoted
Case resolution for bankruptcy is slow
The resolution rate differs between courts
The litigation rate is high
The quality of road and rail infrastructure is low
Infrastructure governance needs to be improved