SIMILAR ARTICLES

“Not only we have not died, we rank third in the world” – Government approved second budget amendment, deficit of 2.96% of GDP

The second budget amendment this year has been adopted at the government meeting on Wednesday. As the Finance Minister assures, this amendment is “positive”, the… Mai mult

Rompetrol saga, chapter about money: Government asks KazMunaiGaz to pay the historical debt and demand settlement of case in court

The extension of the memorandum between the Romanian state and KazMunaiGaz, the owner of the Rompetrol Group, will be discussed only after the company’s historical… Mai mult

Mayors: Government to offset by state budget money municipalities’ losses following tax measures

Mayors accepted on Tuesday in the negotiations with Prime Minister Mihai Tudose and several cabinet members, the promises made by the government officials to partially… Mai mult

Competition Council, “worried” that municipalities are establishing their own companies

The establishment of own companies by local administration to manage the services at the local level is worrying for the competition authority, Bogdan Chiritoiu, President… Mai mult

Draft legislation on judicial system in Parliament – to be debated as a matter of emergency

The ruling coalition registered with the Chamber of Deputies on Tuesday the draft amendments to the three important laws for the judicial system: Law 303/2004… Mai mult

Doing Business 2018: It is easier to do business in Republic of Moldova than in Romania

de Adrian N Ionescu , 6.11.2017

Romania ranks 45th in the Doing Business 2018 ranking by the World Bank (WB), with a total score of 72.87 points, right under the Republic of Moldova (44th position).

Although Romania’s overall score this year is 0.17 points higher than last year, our country lost nine positions in this annual ranking that analyses, based on a set of criteria, the economies of 190 countries.

According to the World Bank report released on Tuesday, Romania has made progress in the tax payment area, where it ranks 42th in the world, eight positions higher than last year.

The most significant decline was at the indicator related to “the issuance of building permits “, where our country lost 55 positions and ranks 150th, compared to 95th, last year.

At the indicator about the establishment of a business, Romania lost two positions and ranks 64th compared to 62th, last year. The average time for establishing a business is 12 days, similar to last year.

Romania lost 13 positions at the indicator about “obtaining a loan”, where it ranks 20th, compared to the 7th position in 2016, and went down also 13 positions by the indicator “obtaining access to the electricity grid“, ranking 147th, compared to the 134th position last year.

Romania is overtaking countries such as Italy, 46th position, Hungary, 48th position, Bulgaria – 50th position, Belgium – 52nd but is behind countries such as Estonia, position 12, Lithuania – 16, Latvia – 19, Poland – 27, the Czech Republic – 30, Kazakhstan – 36, Slovenia – 37, Slovakia – 39, Serbia – 43, Republic of Moldova – 44.

Of the 190 countries surveyed by the World Bank in the “Doing Business 2018” report, first positions belong to New Zealand (86.55 points), followed by Singapore, Denmark, South Korea, Hong Kong, the United States and the United Kingdom. On the last positions in the ranking are Venezuela (30.87 points), Eritrea (22.87 points) and Somalia (19.98 points).

The World Bank points out that a record number of 119 economies made 264 reforms last year to ease the process of establishing a business, creating jobs and attracting investment.

The report of the international financial institution analyses 190 economies based on 11 criteria, such as the establishment of a business, the process of obtaining a loan, the access to the electricity grid and cross-border transactions.

Mergeți în homepage ›

Publicat la data de 6.11.2017

Lăsați un comentariu


NEWS

Rompetrol saga, chapter about money: Government asks KazMunaiGaz to pay the historical debt and demand settlement of case in court

The extension of the memorandum between the Romanian state and KazMunaiGaz, the owner of the Rompetrol Group, will be discussed only after the company's historical… Mai mult

"Not only we have not died, we rank third in the world" - Government approved second budget amendment, deficit of 2.96% of GDP

The second budget amendment this year has been adopted at the government meeting on Wednesday. As the Finance Minister assures, this amendment is "positive", the… Mai mult

Mayors: Government to offset by state budget money municipalities’ losses following tax measures

Mayors accepted on Tuesday in the negotiations with Prime Minister Mihai Tudose and several cabinet members, the promises made by the government officials to partially… Mai mult

Competition Council, "worried" that municipalities are establishing their own companies

The establishment of own companies by local administration to manage the services at the local level is worrying for the competition authority, Bogdan Chiritoiu, President… Mai mult

Draft legislation on judicial system in Parliament – to be debated as a matter of emergency

The ruling coalition registered with the Chamber of Deputies on Tuesday the draft amendments to the three important laws for the judicial system: Law 303/2004… Mai mult

Negative opinion and analysis of Fiscal Council on tax changes. "Tax package" costs 5.2 billion, not planned at all

The Fiscal Council issued a negative opinion on the proposal to amend the Fiscal Code, according to the opinion published Friday on the institution’s website.… Mai mult

Negative opinion from CES for Tax Code changes, Government meeting postponed

The Economic and Social Council, a consultative body of the Parliament and the Romanian Government, issued a negative opinion on Tudose cabinet's draft amendment to… Mai mult

Doing Business 2018: It is easier to do business in Republic of Moldova than in Romania

Romania ranks 45th in the Doing Business 2018 ranking by the World Bank (WB), with a total score of 72.87 points, right under the Republic… Mai mult

Ministry of Finance assures that 2017 target deficit, namely 2.96% of GDP, is not at risk

Regarding the EUROSTAT release on Romania’s budget deficit in the second quarter of 2017, the Ministry of Public Finance (MFP) has issued a press release… Mai mult

Trade Winds: US broadens economic cooperation base with Romania: most US companies coming to Bucharest are SMEs

SMEs are the most numerous among the over 100 American companies participating in the Trade Winds mission launched in Bucharest by the US Department of… Mai mult

Government introduces a tax on jobs: 2% on salary fund for employers. Finance Minister says EU forces us to do so

Finance Minister Ionut Misa announced on Wednesday evening in an interview for Antena3 that the Government will introduce a "solidarity tax" applied to employers, depending… Mai mult

Transgaz borrows EUR 50 million from EIB to finance BRUA pipeline

  Shareholders of Transgaz national gas carrier will provide information on the conclusion of an EUR 50 million loan agreement with the European Investment Bank… Mai mult

European Commission’s announcement to Government and Parliament: Gas transactions market cannot be monopolized by OPCOM

Romania risks the infringement procedure if the Parliament adopts definitive amendments to the Emergency Ordinance 64/2017 on the natural gas market, which provides for the… Mai mult

Ministry of Finance has sold euro bonds worth one billion euros on foreign market

The Ministry of Finance (MFP) placed euro bonds worth EUR 1 billion on the foreign market by reopening the issue with the maturity of 10… Mai mult

Ford launches production of EcoSport in Craiova. Total investment in Romania reaches over EUR 1.2 billion

Ford officially launched the production of the EcoSport SUV at the plant in Craiova, raising total investments in Romania to about EUR 1.2 billion, since… Mai mult