Serbia made the greatest progress in the Doing Business list!

According to the recently published Doing Business list of World Bank, Serbia climbed from 54th spot to 47th, and it is among countries which made the biggest progress. 

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In this year's issue of Doing Business list, World bank report about ease of doing business, Serbia has been listed among the top 10 countries in the world, from a total 189 in the world, which made the greatest progress in this area.

Regional manager IFC, World bank branch, for west Balkan, Tomas Lubek, points out that Serbia constantly worked on improving the business surrounding for local businessman in the past decade.

- Serbia should continue to be firmly committed to this goal, both in terms of improving the legislative framework, and in terms of increasing the efficiency of government agencies. This will contribute to establishing a level of equal conditions for local businesses - said Lubeck.

Only Albania made better progress according to this year's list, which made a 32 positions jump, just like Serbia did on last list.

On this year's list, when it comes to the region, Serbia made 7 position progress (47th), and Macedonia six positions (10th). 

Foto: Profimedia/Alamy, Pixabay

Croatia regressed - for four positions (43 place), Montenegro - three (51st place), and Bosnia and Herzegovina - for two positions on the list (81 place).

For Serbia's progress on this year's list, as stated in the "Report on business conditions in 2017: Equal Opportunities for All", the most deserving were three economic reforms - the issuance of construction permits, registering property and starting a business.

In the field of construction permits, Serbia has established an electronic system for issuing building permits and thus increase the efficiency of the process. Thanks to this system, a businessman in Belgrade can now build a warehouse in a period of 156 days, compared to the previous 327 days.

Also, the process of transfer of property rights to real estate was accelerated with introduction of effective deadlines for the issuance of real estate list.

As a result, now the procedure of transfer of property rights in Belgrade is 21 days, which is more than half as compared with the global average of 51 days, the statement added.

Foto-ilustracija: Profimedia/Wavebreak

The procedure for starting a business is simplified and the time required for registration is significantly reduced, from 12 to seven days. This is a good result compared to the global average, which is 21 days.

In the terms of the regulatory environment progress, the Report noted several areas that Serbia would possibly continue to improve.

For example, for obtaining connections for electricity, now it takes 125 days, as compared to the global average of 93 days. Also, it takes 226 hours for the fulfillment of tax obligations, which is slightly higher compared to the regional average of 222 hours.

This year's list for the first time includes the gender dimension in three areas - starting a business, registering property and enforcing contracts, and Europe and Central Asia, which includes Serbia, is the only one in which there are no barriers for women in areas that report monitors.

A set of indicators has been expanded relating to the payment of taxes, such as covered and procedures which follow after the filing of the tax return, related to tax control and the realization of the right to a VAT refund.

Last year, Serbia has progressed as much as 32 positions, from 91st to 59th place on the list. According to the amended methodology last list, Serbia is still located at the 54th position from which it was promoted to 47th place.

(Telegraf.co.uk / Tanjug)