Among the 190 surveyed countries, Slovenia is 10th in resolving insolvency, gaining two spots on the year before, and places 19th in getting electricity, dropping three spots.

In protection minority investors, Slovenia dropped from the 9th to the 24th spot, and also fared worse than last year in registering property, dropping two spots to 36th.

The country improved when it comes to creating conditions to start a business three spots to the 46th place, while dropping from the 24th to the 58th place in the area of paying taxes.

Slovenia dropped 20 spots to the 100th in the dealing with construction permits category. It meanwhile fared better in getting credit, improving by 28 spots to the 105th.

The country fared the worst when it comes to enforcing contracts, taking the 122nd place after dropping three spots compared to the last year's rankings.

For Slovenia, the World Bank has emphasises the 2013 insolvency reform which may have contributed to broader positive economic effects, and notes that progress has been made in addressing the country's high level of non-performing loans.

The report puts New Zealand at the top of the rankings for the second year in a row, ahead of Singapore, Denmark, South Korea, Hong Kong, the US, the UK, Norway, Georgia and Sweden.