Washington, D.C., November 4, 2010—Among
the world’s economies, Kazakhstan improved business regulation the most
in the past year, according to Doing Business 2011: Making a Difference
for Entrepreneurs, the eighth in a series of annual reports published
by IFC and the World Bank.
Kazakhstan improved conditions for starting a business, obtaining construction
permits, protecting investors, and trading across borders. As a result,
it moved up 15 places in the rankings on the ease of doing business—to
59 among 183 economies. Tajikistan and Hungary, also among the 10 most-improved
economies, climbed 10 places and six places respectively. The Czech Republic
moved up 19 places, to 63.
Lithuania moved into the top 25 by improving in five of nine areas measured
by Doing Business in the past year—more than any other economy.
In doing so, it joined its high-ranking Baltic neighbors Estonia
Latvia, and Georgia.
In the past five years about 85 percent of the world’s economies have
made it easier for local entrepreneurs to operate, through 1,511 improvements
to business regulation. Doing Business 2011 pioneers a new
measure showing how much business regulation has changed in 174 economies
since 2005. By this measure, Georgia has been the most active worldwide
in reforming business regulation.
For eight consecutive years, Eastern
Europe and Central Asia has been the most active region in improving business
regulation for domestic firms. In the past many changes were driven by
the prospect of joining the European Union. More recently, the financial
crisis has triggered new activity. This past year 21 of 25 economies improved
business regulation for local firms.
“The economies most affected by the financial crisis—especially in Eastern
Europe—have been targeting regulatory reforms over the past year to make
it easier for small and medium-size enterprises to recover and to create
jobs,” said Svetlana Bagaudinova, an author of the report. Half the reforms
to insolvency procedures captured by the report in the past year took place
in Eastern Europe and Central Asia. Measures making it easier to start
up, to reorganize, and to pay taxes were also common.
About the Doing Business report series
Doing Business analyzes regulations that apply to an economy’s businesses
during their life cycle, including start-up and operations, trading across
borders, paying taxes, and closing a business. Doing Business does
not measure all aspects of the business environment that matter to firms
and investors. For example, it does not measure security, macroeconomic
stability, corruption, skill level, or the strength of financial systems.
Its findings have stimulated policy debates in more than 80 economies and
enabled a growing body of research on how firm-level regulation relates
to economic outcomes across economies. For more information about the Doing
Business report series, please visit www.doingbusiness.org.
About the World Bank Group
The World Bank Group is one of the world’s largest sources of funding
and knowledge for developing countries. It comprises five closely associated
institutions: the International Bank for Reconstruction and Development
(IBRD) and the International Development Association (IDA), the International
Finance Corporation (IFC); the Multilateral Investment Guarantee Agency
(MIGA); and the International Centre for Settlement of Investment Disputes
(ICSID). Each institution plays a distinct role in the mission to fight
poverty and improve living standards for people in the developing world.
For more information, please visit www.worldbank.org,
For more information about the Doing Business report series, and for region
specific press releases, please visit: www.doingbusiness.org.
Contacts for region-specific queries on Doing Business 2011:
Central and Eastern Europe and Central Asia
Ilya Sverdlov +7 (495) 411-7555
Bukova +7 (985) 411-3986
Slobodan Brkic +381 (11) 30-23-750
Kristyn Schrader +1 (202) 458-2736