The Slovenia Times

Slovenia gains six spots to 29th in WB Doing Business ranking


Slovenia has improved conditions for doing business in several fields, including construction permits and insolvency procedures, according to the survey presented by the World Bank in Bangkok on Wednesday.

Slovenia remained in first place in the ranking of trading across borders; the first placed in shared by several EU members. It also remained in seventh place in the ranking of small shareholders protection.

The World Bank said in a press release that Slovenia got a high score in the segment of construction permits due to "the quality of building regulations, the quality control after construction and the professional certification requirements".

Nonetheless, it slid three spots to 71 in construction permits, as other countries made greater strides. The country gained ten spots in enforcement of contracts, placing 117th.

It also scored high on the land administration quality index. "The cadaster and land registry cover the entire economy and make most information available to the public. There is also an electronic database to check for encumbrances and a geographic information system."

The press release adds that Slovenia has a reliable electricity supply and a transparent tariff index. It scored the highest possible points for automated systems for monitoring and restoring outages, for regulatory oversight of utility's reliability.

Slovenia was also commended for providing access to electricity tariffs online and informing customers ahead of a tariff increase.

The government Communications Office said in a press release that changes were either being drafted or had already been implemented in the fields where Slovenia fares poorest.

One of the key challenges is to ensure funding to boost private investments. To improve its overall ranking, Slovenia will also have to boost the effectiveness of "the state and its institutions", according to the Communications Office.

Last year, Slovenia initially ranked 51st, but its ranking was later revised to 35th.

You can check the whole report HERE


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