Cyprus in top ten most improved globally for doing business
Cyprus is among the top ten most improved countries in terms of economic and business reforms that have made it easier to invest, a report from the World Bank said on Wednesday.
“The world’s top 10 improvers, i.e. economies that implemented at least three reforms during the past year and moved up the rankings scale, are Costa Rica, Uganda, Kenya, Cyprus, Mauritania, Uzbekistan, Kazakhstan, Jamaica, Senegal, and Benin,” the report said.
The report said that three countries in Europe and Central Asia were on the list: Cyprus, Uzbekistan, and Kazakhstan.
The report, called Doing Business 2016, said that countries which had made at least three reforms were in the most improved category. The complete list of the ten countries is as follows: Costa Rica, Uganda, Kenya, Cyprus, Mauritania, Uzbekistan, Kazakhstan, Jamaica, Senegal, and Benin.
Globally, the list of ten countries that have the best climate for attracting business, according the report is: Singapore (1), New Zealand (2), Denmark (3), Republic of Korea (4), Hong Kong SAR, China (5), United Kingdom (6), United States (7), Sweden (8), Norway (9), and Finland (10).
“It is heartening to see so many economies, particularly low-income economies and fragile states, undertaking reforms to improve the business environment for local entrepreneurs. In time, this can result in increased job creation, economic growth and greater prosperity for their people,” said Rita Ramalho, Manager of the Doing Business project.
The full report and accompanying datasets are available here.