In Chisinau and Balti transferring property titles is easiest across Southeast Europe

Moldova is among the Southeast Europe (SEE) economies which continued reforming their business regulations despite the global financial crisis, as shown in the 2011 Doing Business in SEE Report published on June 28 by the International Finance Corporation/World Bank. Results all 19 cities evaluated in the 2008 report have improved in at least one of the four regulatory areas measured – starting a business, dealing with construction permits, registering property and enforcing contracts., Info-Prim Neo reports. Doing Business in SEE 2011 is the second in a series that analyzes the ease of doing business in 22 cities from seven economies: Albania, Bosnia and Herzegovina, Kosovo, FYR Macedonia, Moldova, Montenegro, and Serbia. Chisinau and Balti, the two Moldovan cities present in the Report, are the region's top scorers in terms of time needed to transfer property titles, or register property, with 5 days. The two cities, together with the Macedonian cities reflected in the Report, are also top scorers in terms of number of procedures needed to register property, with 5 procedures. Further, Chisinau is a top scorer in terms of cost of enforcing a contract, with 20.9% of the claim value; and Balti has the lowest cost of dealing with construction permits, with 110.2% of income per capita. Across the region, the average cost to start a business decreased from 22 percent to 13 percent of the average per capita income. The average time required to process construction permits and register property also decreased by more than one month. In certain categories, the region’s cities are comparable to the world’s best performers. By setting up a one stop shop, Skopje (FYR Macedonia) has simplified business start-up and become the world’s fifth top performer in this area. Computerization and mediation in commercial disputes have improved court efficiency in Zrenjanin (Serbia), where contract enforcement is now as fast as in the United States. Doing Business in Southeast Europe 2011 examines business regulations from the perspective of small and medium domestic enterprises. The study was produced with financial support from Switzerland’s State Secretariat for Economic Affairs (SECO), the Austrian Government, and the U.S. Agency for International Development (USAID).

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