At the time of globalisation business environment of a country is significantly affect success of domestic businesses, respectively their products, on foreign markets. Also, conditions for business of a state have an influence on its attractiveness for potential foreign investments. The paper provides results of the analysis and subsequent comparison of business environments of Slovakia and Czech Republic and other selected countries over 2014-2015 on the basis of data provided by organisations dealing with business environment surveys such as the World Bank, World Economic Forum and Heritage Foundation. Critical insights, which could be instrumental for economic policy implications are formulated.