Registering property, paying taxes, getting electricity and dealing with construction permits are the worst indicators for Albania ranking the country from the world’s 118th to 183th
By: Ervin Lisaku
TIRANA, Oct. 20 – Albania lost five places in the ease of doing business in the latest 2012 Doing Business report by the World Bank and IFC published on Thursday. Albania ranked 82th in this year’s report, the same to last year, but adjusted data in the new report show Albania ranked the world’s 77th in the Doing Business 2011. Last year’s initial World Bank report ranked Albania 82nd, down from 81st in the previous year. The report sandwiched Albania between Moldova and Brunei, placing Albania worse than neighbouring Macedonia ranking 22nd, and Montenegro 56th. The report notes Albania’s ongoing difficulty in dealing with construction permits.
“In Albania dealing with construction permits became more difficult because the main authority in charge of issuing building permits has not met since April 2009.” However, registering property has progressed and is mentioned as a reform.
“Albania made property registration easier by setting time limits for the land registry to register a title,” says the report.
Albania’s best performance was reported in the protecting investors and getting credit categories ranking the world’s 16th and 24th, respectively. Albania’s third best indicator in the report was starting a business in which the country ranked 61th especially because of the short time it takes, five days and few procedures which are carried out at the National Registration Center, a one-stop-shop facility. Albania ranked 64th in resolving insolvency, 76th in trading across borders, 85th in enforcing contracts.
Registering property, paying taxes, getting electricity and dealing with construction permits are the worst indicators for Albania ranking the country from the word’s 118th to 183th.
Released on Thursday in Washington, “Doing Business 2012: Doing Business in a more transparent world” assesses regulations affecting domestic firms in 183 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders. This year’s report data cover regulations measured from June 2010 through May 2011.
This year, Singapore led on the overall ease of doing business, followed by Hong Kong SAR, China; New Zealand; the United States; and Denmark.
“At a time when persistent unemployment and the need for job creation are in the headlines, governments around the world continue to seek ways to improve the regulatory climate for domestic
