Lithuania rose two notches to its highest-ever 14th position in the World Bank's latest ranking of 190 economies on the ease of doing business, up from number 16 last year.
© Organizatorių nuotr.

In the Doing Business 2019 report, Lithuania outperformed both Latvia and Estonia, in 19th and 16th places, respectively.

For the third year in a row, Lithuania's best score is for the ease of registering property, at number three in the world. Also, it is ranked seventh in terms of enforcing contracts.

The country rose to 7th place in terms of dealing with construction permits, up from 12th last year, and to 26th in ease of getting electricity, up from 33rd.

Lithuania has been rated on the index since 2004. Its highest rating so far was number 15 in in 2005.

New Zealand, Singapore and Denmark this year retained their first, second and third spots, respectively.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Finance minister expects compromise on 2020 budget

Lithuanian Finance Minister Vilius Sapoka expects that a compromise will be reached on the state 's...

France's payment solutions group seeks to buy Lithuanian tax services provider

France's payment solutions group Edenred has applied for regulatory approval to buy EBV Finance ,...

MG Baltic owner tells court group had no relations with political parties

MG Baltic , one of Lithuania's largest business groups, maintained no relations with political...

Nauseda: Finland's proposal on cohesion and agriculture funding unacceptable

The proposal of Finland , holding the rotating EU presidency , on the EU next multiannual financial...

Central bank: corporate tax hike better alternative to bank asset tax

The Bank of Lithuania sees the Seimas' proposal to raise the corporate income tax rate for banks...