Croatia has jumped 89 places to be placed in 65th spot among 189 countries in the World Bank’s latest “Ease of Doing Business” report for 2015 released today…
The 12th annual report, which used new data and methodology in three areas: resolving insolvency, protecting minority investors, and getting credit, ranked Singapore as the economy with the most business-friendly regulatory environment. New Zealand, Hong Kong, China, Denmark, the Republic of Korea, Norway, the United States, the United Kingdom, Finland, and Australia made up the top 10.
“Doing Business is by and large about the efficiency of regulations – how fast, how cheap, how simple it is to get a transaction completed. But now we’re branching out to also measure the quality” of regulations,” said Doing Business Project Manager Rita Ramalho, who added that ‘it’s easier to do business this year than it was last year, than it was two years ago or 10 years ago.’
Despite Croatia’s massive jump, it still lags behind the region with Macedonia ranked in 30th place, Montenegro in 36th, Bulgaria 38th, Romania 48th, Slovenia 51st and Hungary 54th all ranked higher.
The 10 economies that improved the most since last year are Tajikistan, Benin, Togo, Côte d’Ivoire, Senegal, Trinidad and Tobago, the Democratic Republic of Congo, Azerbaijan, Ireland, and the United Arab Emirates.