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Serbia climbs from 54th to 47th in WB’s Doing Business list

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Serbia has climbed from the 54th to the 47th position in the just-released World Bank Doing Business list.

Serbia also ranked among this year’s 10 most-improved of the total 189 countries.

Over the past decade, Serbia has worked continuously on improving the business environment for local entrepreneurs, says Thomas Lubeck, Western Balkan Regional Manager at the International Finance Corporation, a branch of the World Bank.

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Serbia should remain resolutely committed to this goal in the future in terms of improving the legislative framework, as well as in terms of boosting the efficiency of government agencies, Lubeck said.

Albania is the only country that made better progress than Serbia, moving up 32 places, like Serbia had done last year.

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