Doing Business 2015: Macedonia once again among the region’s highest performers
According to the latest Doing Business 2015 Report: Going Beyond Efficiency, Macedonia remains among top performers globally on the ease of doing business, positioned on the 30th place.
10 years ago, starting a new business took a Macedonian entrepreneur 48 days. Today, the process can be completed in 2 days.
The new “distance to frontier” measure shows how well each economy is doing in relation to the global best practice, highest performance observed on each of the indicators across all economies measured in Doing Business. An economy’s distance to frontier is reflected on a scale from 0 to 100, where 0 represents the lowest performance and 100 represent the frontier.
According to the Doing Business Report 2015, Macedonia’s score is 74.1 percent, which is a 1.4 percentage points’ improvement from 2014.
The annual World Bank Group flagship Doing Business report analyzes regulations that apply to an economy’s businesses during their life cycle, including start-up and operations, trading across borders, paying taxes, and resolving insolvency. The aggregate ease of doing business rankings are based on the distance to frontier scores for 10 topics and cover 189 economies.