Solna, located just north of the Swedish capital city, topped a new ranking published on Tuesday by the Confederation of Swedish Enterprise (Svenskt Näringsliv).

“Solna continues to impress with high marks from both its own businesses and for the high values of the statistical factors which compliment the answers to the survey,” Carolina Brånby, a specialist on local business climate with the business group, said in a statement.

Coming in second in the ranking is the municipality of Vellinge in southern Sweden, followed by Trosa, in eastern Sweden, and Sollentuna, another suburb on the north side of Stockholm.

Other Stockholm suburbs in the top ten include Sollentuna, Nacka, Danderyd, and Upplands Väsby, all of which are situated north of the capital.

In general, many of the municipalities considered to be conducive to business can be found in and around Sweden’s large metropolitan areas, while sparsely populated regions in the north of the country are home to only six out of the top 100 ranked municipalities.

The municipality of Hörby in southern Sweden recorded the biggest jump in the Confederation’s rankings this year, moving up 87 spots to 58th place out of Sweden’s 290 municipalities.

Hagfors, located in Värmland County in central Sweden, also jumped 87 spots from last year, when it came in 189th place.

The least business-friendly climate in Sweden can be found in Färgelanda in western Sweden, a municipality which has slid steadily down in the Confederation’s rankings for the past several years.

The ranking is based largely on responses to surveys sent to 33,000 business owners around the country which asks them to rank their home municipality’s business climate.

In addition, figures from Statistics Sweden (SCB) and the UC credit information agency also affect the rankings.