Kosovo climbs 10 places in World Bank's 2014 Doing Business ranking

By bne IntelliNews October 29, 2013

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
Getting electricity 121 120
Registering property 58 75
Getting credit 28 24
Protecting investors 98 95
Paying taxes 43 42
Trading across borders 121 122
Enforcing contracts 138 139
Resolving insolvency 83 86
Source: World Bank's Doing Business 2014    

Related Articles

Planned coal-fired plants in Balkans fail to meet new EU pollution standards, CEE Bankwatch warns

A new analysis by environmental group CEE Bankwatch Network has concluded that the planned coal-fired power plants in the Western Balkans do not meet ... more

UN creates trust fund to benefit communities following report on alleged human rights abuse in Kosovo camps

Following the cases of refugees in camps in northern Kosovo who suffered health consequences as a direct result of being placed in camps near a mine smelter storing toxic waste, the UN has ... more

RBI doubles net profit y/y in Q1 as Russian business recovers

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, reported that net profit almost doubled year-on-year to €220mn in the first ... more