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Doing Business 2009 Eastern Europe & Central Asia Presented by Sylvia Solf.

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Presentation on theme: "Doing Business 2009 Eastern Europe & Central Asia Presented by Sylvia Solf."— Presentation transcript:

1 Doing Business 2009 Eastern Europe & Central Asia Presented by Sylvia Solf

2 Top Reformers in 2007/2008

3 Eastern Europe and Central Asia reformed the most … Countries with at least one positive reform in 2007/2008 (%)

4 Highlights of Doing Business 2009 239 reforms in 113 countries. Highest recorded in 6 years of Doing Business Eastern Europe and Central Asia – 62 reforms in 23 of the 25 countries, 25% of the total recorded worldwide. Fastest reforming region. –4 of top 10 reformers from Eastern Europe and Central Asia

5 Top reformers by indicator

6 Top 30 on the ease of doing business, 2009 1. Singapore16. Saudi Arabia 2. New Zealand17. Sweden 3. United States18. Bahrain 4. Hong Kong, China19. Belgium 5. Denmark20. Malaysia 6. United Kingdom21. Switzerland 7. Ireland22. Estonia 8. Canada23. Korea 9. Australia24. Mauritius 10. Norway25. Germany 11. Iceland26. Netherlands 12. Japan27. Austria 13. Thailand28. Lithuania 14. Finland29. Latvia 15. Georgia30. Israel

7 Eastern Europe Ranking on Ease of Doing Business Top rank - Global

8 Bulgaria and Romania compared to new EU countries

9 Reforms in Bulgaria Passed two new laws- the Civil Procedure Code and the Law for the Commercial Registry- which will speed the resolution of bankruptcy. Made business start-up easier by creating a central electronic database for commercial registration. Amendments to the civil procedural code have helped speed contract enforcement. Introduced a new Corporate Income Tax Act and a new Value Added Tax Act to synchronize local tax legislation with EU legislation.  Dealing with construction permits has become more difficult. The fees for obtaining construction permits were increased by about 16 percent in 2008. Stricter environmental requirements mean that companies in Sofia now have to obtain a certificate of energy efficiency before and after construction. This adds 2 steps and 8 days for dealing with construction permits

10 Reforms in Croatia A new building code came into force in October 2007 and made it easier to deal with construction permits by eliminating five procedures. Even so, the reform led to an administrative backlog for building and occupancy permits, increasing the overall time required by 20 days. Ongoing improvements to port infrastructure sped terminal handling for exports by two days.

11 Reforms in Moldova Passed a new law facilitating the creation of a private credit bureau. New laws on limited liability companies and company registration sped business registration by introducing statutory time limits. The time required to file an application with the State Registration Chamber fell from 15 days to 7, reducing the total time to start a company from 23 days to 15.

12 Reforms in Romania Simplified the enforcement of judgments by eliminating the need for a separate enforcement order and allowing the attachment of credit balances and accounts receivable. The reform reduced the time to enforce contracts by a month from 537 days to 512 days.

13 Dealing with construction permits in the region: cumbersome Top 5 Best Practices -Establish a one-stop shop (Italy) -Adopt a differentiated permitting approach (Korea) -Introduce statutory time limits combined with “silence-is-consent" rules (France) -Introduce risk-based inspections (Sweden) -Digitalize zoning maps and cadastral records Average = 148

14 Why does it matter? Here is a reason…

15 For more information visit:

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