MACEDONIA RANKS 10TH IN WORLD BANK’S EASE OF DOING BUSINESS 2019 REPORT

Macedonia ranked in 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 2019 report.

This is the 16th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. Economies are ranked on their ease of doing business, from 1–190. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. The rankings are determined by sorting the aggregate scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. The rankings for all economies are benchmarked to May 2018.

Macedonia is now ranked 10th, 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 also ranked 7th in terms of protecting minority investors.

In comparison, Slovenia is ranked 40th, Kosovo 44th, Serbia 48th, Montenegro 50th, Croatia 58th, Bulgaria 59th, Albania 63rd, Greece 72nd, and Bosnia and Herzegovina 89th.