Kosovo marks a small progress in doing business

Kosovo marks a small progress in doing business

Pristina, 1 June 2015/Independent Balkan News Agency

By Elton Tota

Kosovo has made small progress as far as doing business in the country is concerned. This is stated in the Doing Business 2015 World Bank report.

Among 189 countries, Kosovo has gained 6 positions compared to last year, from the 86th position to the 75th position.

Although far away in geographical distance, in this ranking, Kosovo follows Botswana, an African country. Kosovo is followed by Vanuatu, which is in the south of the Pacific Ocean.

In the general ranking, neighboring countries of Kosovo such as FYROM and Montenegro are before Kosovo on the 30th and 36th position. Albania is on the 68th position and Serbia on the 91st  position.

The World Bank assesses that Kosovo is part of those category of countries with low average incomes, with a population of 1,8 million people and average incomes of 3,890 USD.

According to the Doing Business report, Kosovo has built a new scheme of inspection which has facilitated construction and has reduced the tax on construction permits.

On the other hand, the transfer of property has been made difficult and the tax on the registrar of property transactions has increased.

Doing Business 2015 makes a positive evaluation on the private bailiff system, which makes the enforcement of contracts easier.

Doing Business study offers objective measures in terms of business rules and their application in 189 countries of the world. /ibna/