Croatia improves ranking in World Bank's Doing Business 2012 report.

By bne IntelliNews October 21, 2011
Croatia moved up by one position to rank 80th in terms of ease of doing business among 183 states, the World Bank's report Doing Business 2011 showed. The report presented quantitative indicators on business regulation and the protection of property rights that can be compared across 183 economies. It covered regulation, affecting 11 areas of the life of a business, namely: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency (formerly closing a business) and employing workers. The country received the highest rank in the area of paying taxes (32nd place), in the area of getting credits and enforcing contracts (48th place). The lowest rank was received in the area of dealing with construction permits (143rd place), protecting investors (133rd place) and registering property (102nd place). The country made reforms in the field of getting credits. The report pointed out that the private credit bureau started to collect and distribute information on firms, improving the credit information system.
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