Croatia Continues to Make Improvements in Business Regulatory Reforms

According to the newest report of the World Bank „Doing Buisness 2016“, Croatia is ranked at 40th place out of 189 world countries.

 

Croatia got the maximum score in trading across borders, while the improvements in rank have been made in the indicators of starting a business and registering property. Croatia is also highly ranked at 10th place according to the indicator of enforcing contracts and protecting minority investors at 29th place.

 

According to the DB Report Croatia has made it easier to enforce contracts and judgements by introducing an electronic system to handle public sales of movable assets and by streamlining the enforcement process as a whole. In particular, Croatia scores particularly well on the new quality of judicial administration index, where it obtains the maximum possible score on the sub-index analyzing the local court structures (5 out of 5 points) indicating, among others, that the economy has dedicated systems in place to solve commercial cases and small claims. Croatia is also one of only 6 economies that score 5.5 out of 6 points on the new sub-index examining the use of case management techniques. In the Registering Property indicator, Croatia’s ranking improved due to the introduction of the new quality of land administration index, where Croatia ranks at the top quartile of economies. In the Dealing with Construction Permits indicator, Croatia introduced the new building quality control index and scored 12 out of 15 possible points. Croatia does particularly well on quality of building regulations, quality control during and after construction and in professional certification requirements, states the World Bank.

 

Doing Business sheds light on how easy or difficult it is for a local entrepreneur to open and run a small to medium-size business when complying with relevant regulations. It measures and tracks changes in regulations affecting 11 areas in the life cycle of a business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency and labor market regulation.