SOFIA (Bulgaria), June 5 (SeeNews) – Macedonia maintained its highest position among Southeast European (SEE) countries in a World Bank ranking on the ease of doing business for 2014.
Macedonia, which ranked 25th in the report, is among the states that improved the most in previous years, the World Bank said in its Doing Business 2014 report, published on its website on Wednesday.
The report, which compares business regulations for domestic firms, covers 189 economies in Europe and Central Asia.
Macedonia simplified the process of paying taxes for firms and made amendments to the Law on Contractual Pledge, adopted in June 2012, which allow more flexibility in the design of debt agreements using movable collateral, according to the report.
Many requirements and documentation in the country were streamlined or eliminated, the World Bank added. In just one year the time needed to obtain a construction permit was cut by 22 days and the number of procedures required by 10.
Details about SEE countries from the World Bank’s Doing Business 2014 report follow:
Country |
Ease of doing business rank |
DB2014 reforms |
Starting a business rank |
Dealing with construction permits rank |
Getting electricity rank |
Registering property rank |
Getting credit rank |
Protecting investors rank |
Paying taxes rank |
Trading across borders rank |
Enforcing contracts rank |
Resolving insolvency rank |
Population (m) |
Albania |
90 |
1 |
76 |
189 |
158 |
119 |
13 |
14 |
146* |
85 |
124 |
62 |
3.2 |
Bulgaria |
58 |
0 |
65 |
118 |
135 |
62 |
28 |
52 |
81 |
79 |
79 |
92 |
7.3 |
Bosnia and Herzegovina |
131 |
0 |
174 |
175 |
164 |
96 |
73 |
115 |
135** |
107 |
115 |
77 |
3.8 |
Croatia |
89 |
5 |
80* |
152 |
60 |
106 |
42 |
157 |
34* |
99* |
49* |
98* |
4.3 |
Kosovo |
86 |
3 |
100* |
136* |
121 |
58* |
28 |
98 |
43 |
121 |
138 |
83 |
1.8 |
Macedonia |
25 |
6 |
7 |
63* |
76* |
84* |
3* |
16* |
26* |
89 |
95 |
52 |
2.1 |
Moldova |
78 |
3 |
81 |
174 |
165 |
19 |
13* |
80 |
95* |
150 |
73 |
91* |
3.6 |
Montenegro |
44 |
2 |
69 |
106* |
69 |
98* |
3 |
34 |
86 |
53 |
136 |
45 |
0.6 |
Romania |
73 |
3 |
60* |
136 |
174 |
70 |
13 |
52 |
134* |
76 |
53* |
99 |
21.3 |
Serbia |
93 |
0 |
45 |
182 |
85 |
44 |
42 |
80 |
161** |
98 |
116 |
103 |
7.2 |
Slovenia |
33 |
1 |
38 |
59* |
32 |
83 |
109 |
14 |
54 |
48 |
52 |
41 |
2.1 |
Turkey |
69 |
3 |
93** |
148* |
49* |
50** |
86 |
34* |
71 |
86 |
38 |
130 |
74 |
(*= Reform making it easier to do business)
(**= Reform making it more difficult to do business)