Doing Business 2016: Measuring Regulatory Quality and Efficiency, a World Bank Group flagship publication, the 13th in a series of annual reports presenting quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies, was released on 27 October 2015.
Doing Business measures regulations affecting 11 areas of the life of a business. Ten of these areas are included in this year’s ranking on the ease of doing 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. This year’s Doing Business report continues a two-year process of introducing improvements in 8 of 10 Doing Business indicator sets—to complement the emphasis on the efficiency of regulation with a greater focus on its quality.
Serbia ranks at 59 in the 2016 overall ease of Doing Business ranking. Serbia’s business environment as captured by all of the Doing Business indicators improved last year in absolute terms, as the country narrowed the distance to the frontier of best practice. Serbia’s improvement on the distance to frontier metric is among the top 15 in the world.
Živković Samardžić, one of the Serbia’s leading law firms is World Bank’s local partner on the Doing Business project. Živković Samardžić lawyers who contributed to the Doing Business 2016 report were Uroš Djordjević and Jovana Tomić, partners, Miloš Živković, of counsel, Sonja Sehovac and Igor Živkovski, associates, and Tanja Danojević and Maja Milojević, trainee attorneys.