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Albania made big improvements in its business environment in key areas according to the Doing Business 2017: Equal Opportunity for All, the World Bank Groups annual report on the ease of doing business. Albania moved up 32 positions, ranking 58 compared to a ranking of 90 in the previous year.
"During 2015/16 Albania made substantive improvements to its local regulatory framework in three main areas. It made dealing with construction permits easier by lifting the moratorium on and reintroducing the issuance of building permits, and by streamlining the process of receiving the final inspection and compliance certificate. Getting electricity was made easier by speeding up the process for obtaining a new connection. Finally, Albania made paying taxes easier by introducing an online system for filing and paying taxes", the report reads.
"The progress achieved in implementing reforms indicates the governments dedicated commitment to improving the business environment necessary for economic growth and job creation," said World Bank Country Manager for Albania, Tahseen Sayed. "Similar progress in other areas will help to maintain reform momentum towards creating a world-class business climate.
Going forward, Albania can further streamline electricity connections, fully implement the online platform for construction permits issuance, further improve the process for property transfers and enhance the efficiency of resolving commercial disputes in the courts. Moreover, trading across boarders can be streamlined to reduce the time and cost for border compliance.
While several countries in Europe and Central Asia are among the top improvers in the Doing Business 2017, in the region, Albania is in 16th place out of the 25 economies, ahead of Kosovo (global rank of 60) and Bosnia and Herzegovina (81), but behind other regional competitors including Croatia (43), Serbia (47), Macedonia (10), and Montenegro (51). /albeu.com/
Published on: October 26, 2016 - 3:26 pm