Business registration methodology

 

I. Basic definitions

Business registration data are prepared by CZSO within Business demography statistics. The indicator on business registrations became obligatory part of Business demography statistics in 2021 according to the Regulation (EU) 2019/2152 of the European Parliament and of the Council of 27 November 2019 on European business statistics, repealing 10 legal acts in the field of business statistics


II. Data source

The only data source is statistical business register (RES). RES collect information on data registrations from the Basic register of legal and natural units (ROS). RES is updated from ROS on daily basis.


III. Basic and sample set creation, imputation and estimation of the unsurveyed part of the population

Business registration statistics has not its own statistical survey. The only source is Statistical Business Register.

The statistical population represents legal units with market activities of NACE Sections B to N, and P to R and divisions S95 and S9. The legal units that enter and is consequently deleted from the constitutive register during the same reference period are included in the population of business registrations.

The activities related to agriculture, fishery and forestry, public administration, defence or compulsory social security are not covered by these statistics as well as the activities of membership organisations, activities of households as employers and extra-territorial organisations and bodies.


IV. An overview of basic indicators published

Business registrations are number of entered legal units in the constitutive register at any time during the certain reference period (quarter), according to the respective administrative or legal procedures.


V. Retrospective corrections, revisions

There are no corrections or revisions of this indicator.

In case the correction and revisions will be made, they will be published within 10 working days together with the explanatory notes.


VI. Comparability

1.   Comparability in time

Data of Czech Republic are prepared from the reference year of 2017 and they are comparable in time.

2. Coherence with other indicators

The indicator of business registration methodologically differs from the indicator on creations of legal units. The legal units that are registered and consequently deleted from the constitutive register during the same reference period are excluded from the population of created legal units.

3. International comparability:

The business registration statistics are produced according to Commission Implementing Regulation (EU) 2020/1197 of 30 July 2020 laying down technical specifications and arrangements pursuant to Regulation (EU) 2019/2152 of the European Parliament and of the Council on European business statistics repealing 10 legal acts in the field of business statistics. The data are produced according the internationally harmonised methodology. The internationally comparable data are published by Eurostat (see external link on international comparability).


VII. Seasonal adjustment

Not used.


VIII. Released data

Data are produced quarterly and published 45 days after each finished quarte of the year.

Results are published in:

1)   Time series of Business Registration (link Time series)

2)   Public database (link Public database)


IX. Additional methodological information and external links

Data are produced 30 days after finished quarter. At that time only the information from constitutive administrative sources (public register, trade register) are available for assignment of economic activity code. Thus the assignment of economic activity may not be accurate or possible.

External links to the EU legislation:

Regulation (EU) 2019/2152 of the European Parliament and of the Council of 27 November 2019 on European business statistics, repealing 10 legal acts in the field of business statistics

Commission Implementing Regulation (EU) 2020/1197 of 30 July 2020 laying down technical specifications and arrangements pursuant to Regulation (EU) 2019/2152 of the European Parliament and of the Council on European business statistics repealing 10 legal acts in the field of business statistics

External link to international comparable data:

https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Quarterly_registrations_of_new_businesses_and_declarations_of_bankruptcies_-_statistics