The negative evolution of Moldova in world business support rankings doesn’t mean Moldova has a poorer performance - Edward Brown

The World Bank Country Manager for Moldova, Edward Brown, declared during a press conference held on Wednesday, September 21, based on the “Doing business 2007” World Bank Report the fact that the Republic of Moldova fell down in world ratings of business facilitation doesn’t mean that Moldova has a poorer performance in this area. Edward Brown also mentioned that from the 10 parameters included in the report, only three of them improved in the Republic of Moldova: launching a business, hiring employees and tax payment. This does not imply that other fields have not improved, but means that the modifications were less important there, the cited source declared. In a previous press release of the World Bank Office in Chisinau regarding the mentioned WB report, Moldova was ill-rated at: • Obtaining construction licenses and warrants, which presently require 34 procedures that take 158 days (the 199th position in the rankings according to the report). • Flexibility of labor regulation. • Cross-border trade facilitation. • Credit facilitation by the introduction of credit informational systems that will allow companies from Moldova to use their brand and reputation as mortgage. Doing Business 2007 ranks 175 economies on the ease of doing business—covering 20 more economies than last year’s report. The list of global top ten reformers includes, in this order, Georgia, Romania, Mexico, China, Peru, France, Croatia, Guatemala, Ghana, and Tanzania. Within the CIS, Armenia, Azerbaijan, Belarus, Kazakhstan, the Kyrgyz Republic, Moldova, Russia, and Ukraine each implemented at least one reform. Tajikistan had no reforms. Uzbekistan made it harder to do business. The Doing Business rankings are based on the qualitative and quantitative assessment of the following ten indicators: starting a business, dealing with licenses (predominantly construction permits), hiring and firing, registering property, getting credit, protecting investors, trading across borders, paying taxes, enforcing contracts, and closing a business.

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