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Europe and Central Asia: Doing Business in Georgia and Romania Becomes Easier

According to Doing Business 2007: How to Reform, Georgia was the world's number one reformer in 2006. It reduced the minimum capital required to start a new business from about $850 to about $85, it increased business registrations by 20 percent, it simplified border procedures, and it reduced the number of days needed to meet all administrative requirements for export from 54 days in 2004 to 13 in 2006.

Romania, the runner-up, simplified the procedures for obtaining building permits, set up a single office to process applications, reduced the time required to obtain construction documents by 49 days, adopted new labor regulations allowing term contracts to extend up to six years, and eased trade across borders.

© 2007 The International Bank for Reconstruction and Development/The World Bank




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