Lithuania's jump – one of the 17 most business-favorable countries in the world,-shows "Doing Business" Survey
Today, on October 29th 2013 World Bank published a study “Doing Business 2014 ” , where evaluated business conditions in 189 countries around the world . Lithuania from the 27 th place jumped to the 17th position . Comparing with the European Union Member States Lithuania holds the 6th place. Lithuania managed to improve more than half of the “Doing Business ” indicators .
„The World Bank study “Doing Business ” has a significant impact on foreign investors of its attractiveness . Lithuania has hit in 10 of the top positions in business conditions, the obligation to reform less valued by the „Doing Business“ index – connection to the electricity network , the protection of investors and the payment of taxes , ” – said the Minister of Economy Evaldas Gustas .
It should be noted that last year the World Bank calculated 185 countries by ranking, because of the target data , methodology and counting this year for the first time evaluated in 4 countries – Libya, Myanmar , San Marino and South Sudan – a total of 189 countries assessed .
Lithuania has made a huge progress in the field of business start-up from last year, ” Doing Business 2013 ” report indicates 107 space Lithuania jumped 96 positions up to 11th place . Construction permits in Lithuania rose from 48 to 39 , receiving credit – from 53 to 28 position in foreign trade – from 24 to 15th place . Investor protection index of Lithuania from 70 th to the 68, as well as tax ranking – from 60 to 56 position .
In “Doing Business 2014 ” report, assessed 189 countries, Lithuania is aheading neighbouring states such as Latvia (24 place) and Estonia (22), Poland (45) , as well as the EU countries such as Germany (21) , the Netherlands (28) Belgium (36) , France (38).
During the research period of 2012 June – 2013 May Lithuania has implemented a number of reforms in the business start-up and credit for areas that had a significant impact on the improvement of business conditions , while at the same time, Lithuania leap “Doing Business ” ranking . This report was included in these reforms which were not included in the earlier “Doing Business ” reports.
Progress in “Doing Business” ranking is visible of a shorter construction permit length.
