Kosovo moved up ten places to 86th in the World Bank's 2014 edition of the Doing Business Report that assesses the ease of doing business across 189 economies worldwide.
The ranking, compiled by the World Bank and the International Finance Corporation, evaluates how easy or difficult it is for an entrepreneur to open and run a small to medium-size business when complying with relevant regulations.
Kosovo was one of the top 10 economies that improved the most across three or more areas measured by the Doing Business indicators. The country made it easier to start a business by creating a one-stop shop for incorporation.
It also made dealing with construction permits easier by eliminating the requirement for validation of the main construction project, eliminating fees for technical approvals from the municipality and reducing the building permit fees.
Kosovo also improved the process of property transfer by introducing a new notary system and by combining procedures for drafting and legalizing sale and purchase agreements.
In a regional context, Kosovo ranked better than Serbia (93th), Albania (90th) and Croatia (89th).
|Kosovo's rankings||DB 2014||DB 2013|
|Ease of doing business||86||96|
|Starting a business||100||126|
|Dealing with construction permits||136||152|
|Trading across borders||121||122|
|Source: World Bank's Doing Business 2014|
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