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SKOPJE (Macedonia), October 31 (SeeNews) – Macedonia is the top performer from Southeast Europe (SEE) in the latest Doing Business report of the World Bank Group, released on Wednesday.
Macedonia, ranked 10th, and Albania are the only SEE countries which improved their rankings compared with 2018, according to data from the Doing Business 2019: A Year of Record Reforms, Rising Influence report World Bank's report.
"FYR Macedonia made the construction permitting process less costly by reducing the land development fees," the report noted.
The second best destination for doing business in SEE is Slovenia, which ranks 40th, three spots down from last year, followed by Kosovo at the 44th place, Moldova, 47th, and Serbia,48th.
Kosovo is the best place for starting a business in 2019, ranking 13th place, followed by Moldova, 14th, Slovenia, 38th, and Serbia, 40th, according to the report.
Following are details on the SEE countries covered in the Doing Business 2019: A Year of Record Reforms, Rising Influence:
|Ease of doing business (rank)||Starting a business (rank)||Dealing with construction permits (rank)|
|Bosnia and Herzegovina||89||183||167|
The report covers 190 economies. It measures regulations affecting the life of a business, such as starting a business, dealing with construction permits, acquiring electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.