Albania Slipped 7 Places in WB’s Ease of Doing Business Index 2018

TIRANA, November 1

Albania slipped seven places on the World Bank’s ease of Doing Business Index and now ranks 65th among 190 economies. This index is one of the most important documents that provides foreign investors with indicators and objective measures about 190 economies.
Albania in 2017 index ranked 58th and it made a historic jump of 32 places. However, this year it slipped seven places.
Compared to the countries of the region, Albania ranks ahead of Bosnia and Herzegovina and Greece. In the meantime, Kosovo ranks 40th and it climbed 20 positions compared to the previous year when it ranked 60th. Kosovo has turned into one of the most attractive economies in the region for doing business. Further on, Macedonia, which slipped a place ranks 11th.

Doing Business Index uses 11 indicators sets to measure aspects of business regulation that matter for entrepreneurship. Albania has a positive ranking regarding starting a business, getting credit, and enforcing contracts, the business climate is affected by issues related to registering properties, dealing with construction permits, getting electricity, and paying taxes.

News Source: Doing Business, Scan TV

Photo Credit: doingbusiness.org