Serbia drops on World Bank's "Doing Business" list

Serbia has been ranked 93rd out of 189 countries in the World Bank's (WB) Doing Business (DB) report on business regulations this year, dropping by six notches.

Source: Tanjug

Taking into account ten indicators for assessing the ease of doing business, Serbia got the worst grade for the time needed to issue construction permits, according to which it still stands at 182 in the ranking of 189 economies as was also the case in 2012, the WB's latest report reads.

As regards regulations for starting a business or registering a firm, Serbia fell to 45th place from last year's 38th.

Serbia made progress on the ease of trading across borders, going up from last year's 102nd to 98th place, while, when it comes to resolving insolvency, Serbia bettered its position by a notch to 103rd place.

The other criteria for grading countries were the ease of registering property, on which Serbia is down to 44th from last year's 41st position, then the ease of getting credit, on which it dropped two notches to 42nd spot, while the country still stands at 80th position when it comes to protecting investors as was the case in 2012.

As regards the payment of taxes, Serbia registered a fall from last year's 157th to 161st place, due to a rise in the corporation tax.

When it comes to the rankings of regional countries, Bosnia-Herzegovina is the only country that scored worse than Serbia, as it now holds 131st spot.

Macedonia is the best-ranked (25th position), being among the states that made the greatest progress in this year's report, followed by Slovenia (33th), Montenegro (44th), Croatia (89th) and Albania (90th).

Business & Economy

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