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Difficult To Do Business in Albania
World Bank published for the fifth year in a row its report “Doing Business 2008”. The report ranks the national economies on their ease of doing business. A high ranking on the ease of doing business index means the regulatory environment is conducive to the operation of business. The index averages the country’s percentile rankings on 10 topics, made up of a variety of indicators, giving equal weight to each topic. The Doing Business 2008 report covers the period April 2006 to June 2007. The report confirms the objections of the Albanian businesses and the IMF latest warnings. Albania is number 136 out of 178 economies that were studied by the special World Bank team. Albania scores extremely bad in two very important indicators. According to the first “Dealing with licenses”, Albania is ranked as number 168 or 6 places lower than in Doing Business 2007. If you intend to build a warehouse (with an estimated value of ALL 40 million) you should complete 24 procedures. The whole procedure takes 331 days. However, it should be noted that the data for this indicator were collected in January 2007 before the introduction of the One-Stop-Shop that eases the registration and cuts down the duration of procedures by some 50-55 days.
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