Skopje, 31 October 2018 (MIA) – Macedonia is one of the top 10 countries with the greatest ease of doing business, according to research published by the World Bank Group in its latest Doing Business report.
Doing Business 2019: Training for Reform, a World Bank Group flagship publication, is the 16th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it.
The Doing Business project provides objective measures of business regulations for local firms in 190 economies and selected cities at the subnational level.
Macedonia is now ranked tenth, ahead of all other countries in the region, based on the average of each economy’s ease of doing business scores for the ten topics included in the aggregate ranking.
Macedonia is ranked seventh in terms of protecting minority investors, and the country’s lowest ratings are related to registering property (46th) and starting a business (47th).
In comparison, Slovenia is ranked 40th, Kosovo 44th, Serbia 48th, Montenegro 50th, Croatia 58th, Bulgaria 59th, Albania 63rd, Greece 72, and Bosnia and Herzegovina 89th.
The ease of doing business rankings were benchmarked to May 1, 2018, and besides Macedonia, the top 10 countries are New Zealand, Singapore, Denmark, Hong Kong, South Korea, Georgia, Norway, the United States, and the United Kingdom.
Libya, Yemen, Venezuela, Eritrea, and Somalia are the lowest ranked economies according to the Doing Business 2019 report. mr/16:34