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“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Newest Bank of Lithuania forecasts: what awaits in 2019

After evaluating world and the country’s economic trends, the bank of Lithuania is lowering this...

Lithuanian bread is tasted worldwide

One of the most popular Lithuanian bakeries „Vilniaus duona” is counting its stable export results...

New specialized fintech bank setting up in Lithuania

On Friday European Merchant UAB was granted the license issued by ECB, European Central Bank through...

Lithuanian start-ups attracted EUR 70 million in investments in 2018, further breakthrough will be determined by environment improvement

In 2018, the Lithuanian startup community achieved the record-breaking results, i.e. attracted EUR 70...

Vitas Vasiliauskas: the matter of income inequality will become only more acute next year

The cabinet’s tax and public sector policy is not contributing to resolving income inequality...