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Threats Weak external demand from the eurozone is likely to weigh on headline growth in . Czech Republic Business Environment Links of London Strengths More than of the Czech economy is in private hands, and we expect the main remaining stages of the privatisation process to be completed in the next few years. The Czech Republic has comparatively developed infrastructure and a highly skilled workforce capable of advanced manufacturing and services. Weaknesses While there have been numerous public accusations of bribery, few cases have reached the prosecution and conviction stage. rd The Czech Links of London Key Charm is only of countries in Transparency International's Corruption Perceptions Index, which while good by regional standards clearly leaves room for improvement if the country is to increasingly compete with EU Western European states. Opportunities Both foreign and domestic firms are eligible for a package of investment incentives, including relief from corporate taxes for up to years, jobcreation grants and opportunities Links of London FroG Charm obtain lowcost land. Threats Investor representatives have highlighted the need for action to address weak creditors' rights, the excessive discretion of bankruptcy judges, cumbersome and lengthy legal procedures, and timeconsuming commercial registration. Despite growth in Middle Eastern capacity in , the expected large drop in petrochemicals margins and operating rates did not materialise. Indeed, the fears that plagued producers in North America and Europe were abated by lower than expected feedstock costs and delays in Middle Eastern projects, which helped support prices and margins. Ethanebased production performed better than facilities reliant on naphtha due to the lower price of gas compared with oil. By , the crude oiltonatural gas price ratio reached with gas priced at USper Links of London Horseshoe Charm British thermal units btu and oil at USper barrel bbl, well above the historical average of . As a result, naphthareliant PE producers in Asia and Europe have felt the downturn much more than ethanebased production in the Middle East and North America.