Doing Business 2018: Albania’s business climate deteriorates, regional competitors gain ground

TIRANA, Oct. 31 – Albania lost seven places to rank 65th among 190 economies in the 2018 Doing Business report, lagging behind almost all regional competitors which made considerable progress over the past year, according to a World Bank report. Albania’s ranking in this year’s flagship World Bank report, a reference point in foreign investors’ decision-making, was negatively affected by deterioration in key indicators such as getting electricity, paying taxes and enforcing contracts overshadowing last year’s major progress when Albania climbed 32 steps to rank 58th among 190 global economies. Although having introduced an e-system, dealing with construction permits still…