OREANDA-NEWS. October 24, 2011. The annual report Doing Bussiness-2012, released by the World Bank and the International Financial Corporation, has Moldova, along with Macedonia among the countries-leaders that achieved best results in creation of business-friendly conditions.

Yet, the worst indicators in Moldova are the construction permitting process – 164th position; getting electricity – 160th position, trading across borders – 134th, protecting investors – 111th position, resolving insolvency – 91st position, paying taxes – 83th position. The best indicators are property registration -18th position, getting credits – 40th, enforcing contracts – 26th position. The report notes that Moldova has Moldova made starting a business easier by implementing a one-stop shop in the Registration Chamber and made enforcement of judgments more efficient by introducing private bailiffs.

Moldova amended its insolvency law to grant priority to secured creditors, whereas establishment of the first private credit bureau improved Moldova’s credit information system. This year Doing Business covers 183 states of the world and takes into account 10 areas of business regulation and observance of ownership rights. The leaders of the Doing Business-2012 report are Singapore, Hong Kong, New Zeeland, the USA and Denmark, while the last position in the top is held by Chad.

Practically in all countries of the former USSR, business environment is better than in Moldova: Georgia – 16th position, Kazakhstan – 47th, Armenia – 55th, Azerbajan – 66th, Belarus – 69th, Kyrgyzstan – 70th. Yet, Russia ranks 120th, Ukraine – 152nd, Tajikistan – 147th and Uzbekistan – 166th. Romania went down from the 65th to 72nd position, Bulgaria – from 57th to 59th.