Moldova has become more attractive for business
The Republic of Moldova has become more attractive for business running, having climbed up to the 94th position on the list of 183 nations included into the Doing Business 2010 world economy table.
On Wednesday, a Report to this effect was officially presented at the World Bank Office in Moldova. Judging by it, Moldova has become one of the world's greatest 10 reformers, along with Rwanda, Liberia, United Arab Emirates, Tajikistan, Belarus, Macedonia and Columbia.
Report authors wrote also that Moldova has carried our reforms in three spheres: opening of one's own business; private property registration; and tax paying. In particular, the republic lowered the rates of taxes employers pay to the social security fund. Real-estate registration has been simplified due to exclusion of the Cadastre Plan from the package of documents necessary for registration. This enabled shortening the paper procedure duration to only 5 days from 48 days previously. Besides this, the opening of one's own business in Moldova has become easier after a special agency for company registration has been established here.
World Bank Country Manager for Moldova Melanie Marlett remarked, however, that despite obvious achievements, the republic needs to implement vitally important reforms in a number of other spheres, such as e.g. in obtaining permissions for construction and employment, in trans-border trade, in curtailing a business, etc. In her words, the World Bank will continue its support for Moldova on its economic development road.
The Report in question said that by the following 10 parameters, included into the assessment of business facilitation, Moldova has been placed on the following positions among 183 nations: establishment of a new company - the 77th position; obtaining of permissions for construction - the 161st; employment of workers - 141st, property registration - 17th; obtaining of credits - 87th; protection of investors - 109th; tax payment - 101st; external trade - 140th; mandatory fulfillment of contracts - 22nd; and company liquidation - the 90th.
The Report was prepared by the International Finance Corporation and the World Bank, which have been carrying out such researches for 7 years now.
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