In the 2015 Doing Business report, Serbia’s ranking dropped from 77 to 91, announced the World Bank on 29 October. Construction permits remain the main drawback for investors in Serbia; according to the World Bank indicators, only Eritrea, Libya and Syria perform worse in this respect. No reforms in the areas considered by the World Bank have been recorded since the 2014 report.
The three highest-ranked countries are Singapore, New Zealand and Hong Kong. Among European countries, Denmark ranks highest, in the fourth place. The USA ranks seventh, the United Kingdom eighth, and Finland ninth. Europe’s largest economy, Germany, ranks 14th, having dropped by one position. Among Western Balkan countries, Macedonia fares best in 30th place, having improved its ranking by one position since the last report. It is followed by Montenegro in 36th place, Croatia in 65th – the lowest in the EU, Albania in 68th, Kosovo in 75th, while only Bosnia and Herzegovina in 107th place is ranked lower than Serbia.
The World Bank concludes that, while it is noticeable that Serbia continues to improve its regulatory practices, the fact that the country’s ranking is 91 indicates that plenty remains to be done.
Author: S. V. and Beta, taken from www.euractiv.rs
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