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Doing Business 2018: Lithuania – among 20 most business-friendly countries in the world

In the Doing Business 2018 report, published on 31 October 2017, Lithuania ranks16th and is among top 20 of 190 countries in the world. Compared with 2017, Lithuania has improved up 5 positions; it ranked 21st last year. Among the EU Member States Lithuania ranks 6th and is outpacing countries like Ireland (17), Latvia (19) and Germany (20).

In assessing progress based on ten indicators the World Bank has acknowledged that during the period of investigation, Lithuania implemented positive reforms in four areas: dealing with Construction Permits, Getting Electricity, Protecting Minority Investors and Paying Taxes. In the region of Europe and Central Asia, Lithuania ranks 2nd by the number of reforms implemented in the field of improving business conditions.

The World Bank has acknowledged one major reform in Protecting Minority Investors: Lithuania had increased the transparency of enterprises.

Source and more information: https://ukmin.lrv.lt/en/news/doing-business-2018-lithuania-among-20-most-business-friendly-countries-in-the-world

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