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Bucharest
May 9, 2021
BUSINESS

WB: Business environment in Romania remains attractive

Romania still ranks 72th, out of 185 countries in the Doing Business 2013 annual ranking of the World Bank (WB), after a seven-slot slide in 2011 from 2010. During July 2011- June 2012 interval examined by the WB, Romania found it easier to access loans as a result of expanding its range of real estate collaterals. Romania however fared worse compared to last year with respect to business setups, construction authorizations, access to electricity, property registration, loan access, investor protection, contractual clauses and insolvency regulation, while tax ranking improved and that related to international trade stays put. Romania ranks highest, on 12th, among the 185 countries, with respect to loan access, 68th, on setting up a business, from 63rd in the previous report. It takes 6 proceedings to start a business in Romania, a number similar to last year’s, while the numbers required to do it fell from 14 to 10. Romania ranks pretty good as to investor protection, on 49th, even if it fell three positions from 46. Transparency is the strong point of the business environment in Romania, yet not manager accountability and shareholders’ ability to file lawsuits.

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