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Macedonia fourth reform country

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5. October 2007

MACEDONIA RANKED FOURTH AMONG REFORMERS WORLDWIDE
The World Bank has ranked Macedonia in the top five reformers in the world by the World Bank’s Doing Business project.

MACEDONIA RANKED FOURTH AMONG REFORMERS WORLDWIDE


The World Bank has ranked Macedonia in the top five reformers in the world by the World Bank’s Doing Business project.

Macedonia was mostly praised for eliminating the minimum capital requirement for business start-up, speeding up the process for obtaining construction permits, lowering the corporate income tax rate to 12 percent (with another cut to 10 percent planned for January 2008), and simplifying tax payment procedures.

The Doing Business project provides objective measures of business regulations and their enforcement across 178 countries.

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