Montenegro ranked 71st in World Bank’s Doing Business 2010 report
10.09.2009
The World Bank on Tuesday released an annual report on conditions for doing business in 183 countries of the world, in which Montenegro ranked 71st. The country improved its position by six places in comparison to the last year’s ranking.
Montenegro performed best in domain of protecting investors where it took 27th place, while achieved the worst result in the category of dealing with construction permits where it ended up on 160th position. The progress has been made in the area of launching a business and employment of workers.
Among the 27 countries of the Eastern Europe and Central Asia region Montenegro ranked 15th. Slovenia ranked 11th in the region and 53rd in the world, Albania 18th in the region and 82nd in the world, Serbia 19th in the region and 88th in the world, and Croatia placed 21st in the region and 103rd in the world.
"Doing Business 2010" is the seventh annual report by the World Bank and its International Financial Corporation (IFC). It ranks economies based on 10 indicators of business regulation that record the time and cost to meet government requirements in starting and operating a business, trading across borders, paying taxes, and closing a business.
The 10 indicators are: starting a business, dealing with construction permits, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business.
Doing Business does not measure all aspects of the business environment that matter to firms and investors. For example, it does not measure security, macroeconomic stability, corruption, skill level or the strength of financial systems.
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