Doing Business 2013: Eastern Europe and Central Asia improved the most

In newest Doing Business Report published by World Bank, Singapore tops the global ranking for the seventh consecutive year. Other economies with the most business-friendly regulation are Hong Kong SAR, China; New Zealand; the United States; Denmark; Norway; the United Kingdom; the Republic of Korea; Georgia; and Australia.

Eastern Europe and Central Asia improved the most, overtaking East Asia and the Pacific as the world’s second most business-friendly region according to Doing Business indicators. OECD high-income economies continue to have the most business-friendly environment.

Five OECD high-income economies make the list of top 50 improvers: Poland, the Czech Republic, Slovenia, Portugal and France. Poland improved the most in the ease of doing business, through 4 reforms—making it easier to register property, pay taxes, enforce contracts and resolve insolvency as measured by Doing Business.

China and India rank among the top 50 improvers.

China established a new company law in 2005, a new credit registry in 2006, its first bankruptcy law in 2007, a new property law in 2007, a new civil procedure law in 2008 and a new corporate income tax law in 2008. After establishing its fi rst credit bureau in 2004, India focused mostly on simplifying and reducing the cost of regulatory processes in such areas as starting a business, paying taxes and trading across borders.

Via: Doing Business 2013