In the World Bank annual report on business conditions in 183 countries "Doing Business 2012", published on Thursday, Croatia is ranked 80th, while Singapore topped the list for the sixth consecutive year.
Croatia was ranked 84th in last year's report.
The Doing Business project measures regulations affecting 11 areas of everyday business activity: starting a business, dealing with construction permits, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, closing a business and getting electricity.
In the starting a business category Croatia is ranked 67th and in the paying taxes category it is ranked 32nd. In the getting credit category, Croatia is 48th, as well as in the category of enforcing contracts. In the category of dealing with construction permits, Croatia is 143rd, while in the new category of getting electricity it is ranked 56th. In the registering property category Croatia is 102nd, in the protecting investors category it is 133rd, in the trading across borders category it is 100th and in the resolving insolvency category it is 94th.
The Doing Business project provides objective measures of business regulations for local firms in 183 economies and selected cities at the subnational level.
Economies are ranked by their ease of doing business, from 1 to 183. A high ranking on the ease of doing business index means the regulatory environment is more conducive to the starting and operation of a local firm. This index averages the country's percentile rankings on 10 topics, made up of a variety of indicators, giving equal weight to each topic. The rankings for all economies are benchmarked to June 2011.
