According to the World Bank (WB), Serbia has made the biggest progress in issuing of building permits this year, while notable progress was also recorded in reforming the country’s tax system and the changes made to the central land registry.
These are the main reasons why WB decided that Serbia should rank 47th on the Doing Business list. WB also notes that certain progress has been made in launching businesses and cross-border trade. However, the list also shows the areas where no progress has been made whatsoever. On the contrary, Serbia regressed in certain segments like the procedures for getting connected to the power grid, implementation of contracts and granting loans.
NALED: Indicator of changing times
The National Alliance for Local Economic Development (NALED) explains that the Doing Business list assesses not only reforms, or rather adopted regulation, but the fact whether they have been implemented, and, if they have, in which way.
“The Doing Business list is one of the indicators for investors in deciding where to invest next. Of course, a country’s rank is not of crucial importance for investors, but will certainly boost its appeal in the eyes of investors. Jumping up the list indicates that the country in question is investing effort and reforming itself. It is not the basis for anyone’s decision but one of the indicators to view a certain country in a better light”, says Jelena Bojovic, Regulatory Reform Director at the NALED.
This post is also available in: Italiano