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Published: 3 september 2012 17:45

Lithuania may climb up ten positions in Doing Business ranking

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Lithuania may occupy the 17th position in the World Bank’s Doing Business ranking. In the list to be released in about a month, the country might find itself in a group of strong economies, alongside Germany, Japan, the Nordic countries, and Saudi Arabia, the Verslo Žinios business daily reports.

Businesses claim that they see changes in the country’s economy and the Economy Ministry hopes that this will also be confirmed by other sources of information in the Doing Business survey, including analysts, lawyers, and business practitioners.

“Lithuania made an advance in 7 out of 10 indicators, including starting a business, dealing with construction permits, registering property, getting credit, trading across borders, and resolving insolvency, during the 2013 assessment period of the ranking,” the ministry said.

Last year, Lithuania ranked 27th among 183 countries in the Doing Business ranking and lagged behind both Estonia and Latvia.

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