Montenegro climbs in Forbes best countries for business ranking.

By bne IntelliNews November 19, 2012
Montenegro climbed eight places in this year's Forbes ranking of best countries for doing business. The country occupies 45th place, up from 53rd in 2011. Montenegro has achieved the best result in the area of monetary freedom where it ranked 30th, thirty-four positions up compared to the 2011 ranking. The country is 70th in terms of property rights, down two positions compared to last year. A significant improvement is seen in country's tax burden ranking, which climbed to 63rd place from 101st place a year ago. The ranking is based on 2011 data and comprises 141 countries. Montenegro is ranked ahead of Croatia (47th place), Albania (74th place) and Bosnia and Herzegovina (85th place), however lower compared to Macedonia (37th place).

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