The Doing Business project provides a rating across 183 countries on how easy it is to do business in each one of them. Cyprus occupies a respectable position #40 in that list. Here are the metrics used in ranking calculations, as well as some of the neighbors for Cyprus:
- Easy of Doing Business Rank: 40 (after Columbia, Azerbaijan, Qatar and before Kyrgyz Republic, Slovac Republic, Armenia)
- Starting a Business: 25
- Dealing with Construction Permits: 77
- Employing Workers: 93
- Registering Property: 64
- Getting Credit: 71
- Protecting Investors: 93
- Paying Taxes: 37
- Trading Across Borders: 15
- Enforcing Contracts: 107
- Closing a Business: 21
And while there are obviously plenty of pros and cons to each country in the list, it’s nice to see a summarizing effort.
A very interesting blog post indeed Leonid. I was surprised to see the diversity in rankings of other countries, some much higher while others much lower than I would have expected.
As we usually try to benchmark Cyprus against Greece, it is particularly interesting to see Greece being in spot number 109. A clear indication that it’s time for the training wheels to come off and stop looking up to Greece as much as we do.
Indeed. I was also surprised to see Russian Federation (#120) so close to Greece. I have a pretty good idea to how bad things are in Russia and it I can’t believe that Greece is anywhere close to that. But I’m not that well informed about Greece, so it in fact can be.