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Transcript of Click to edit Master title style Doing Business in Veneto 2009 Michael Klein Vice President -...
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Doing Business in Veneto 2009
Michael KleinVice President - Financial and Private Sector
Development, World Bank-IFC, and Chief Economist, IFC
February 16, 2009
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About Doing Business 20092007 2008 2009
Starting a business
Dealing with construction permits
Employing workers
Registering property
Getting credit
Protecting investors
Paying taxes
Trading across borders
Enforcing contracts
Closing a business
Update of 2007
Add 3 countries
Reformer’s Club:
16 case studies
New “About DB” chapter
Trends analysis DB04-DB09Most popular reformsMost effective reformsLessons learned
Add 3 new countries (Bahamas, Bahrain, Qatar)
Methodology change in Getting Credit (Legal Rights)
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Top 30 on the ease of doing business - 2009
1. Singapore 16. Saudi Arabia
2. New Zealand 17. Sweden
3. United States 18. Bahrain
4. Hong Kong, China 19. Belgium
5. Denmark 20. Malaysia
6. United Kingdom 21. Switzerland
7. Ireland 22. Estonia
8. Canada 23. Korea
9. Australia 24. Mauritius
10. Norway 25. Germany
11. Iceland 26. Netherlands
12. Japan 27. Austria
13. Thailand 28. Lithuania
14. Finland 29. Latvia
15. Georgia 30. Israel
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Eastern Europe and Central Asia reformed the most
93%
63% 63%61%
50% 50% 50%
E. Europe &Central Asia
East Asia &Pacific
Middle East &N. Africa
Sub-SaharanAfrica
Latin America& Caribbean
OECD South Asia
Countries with at least one positive reform in 2007/2008 (%)
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Doing business in Veneto 2009
7 topics measured in Veneto (Padua):
• Starting a business• Dealing with construction permits• Registering property• Enforcing contracts• Trading across borders• Paying taxes• Closing a business
3 topics based on national laws and covered by Doing Business 2009:
• Employing workers• Protecting investors• Getting credit
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Ease of doing business in the EU: global rankings of member states
5. Denmark
6. United Kingdom
7. Ireland
14. Finland
17. Sweden
19. Belgium
22. Estonia
25. Germany
26. Netherlands
27. Austria
28. Lithuania
29. Latvia
31. France
36. Slovakia
41. Hungary
45. Bulgaria
47. Romania
48. Portugal
49. Spain
50. Luxembourg
54. Slovenia
67. Padua
(Veneto)
68. Rome
75. Czech Republic
76. Poland
96. Greece
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Veneto’s global ranking by topic
IndicatorVeneto (Padua)
RomeEU
Average
Closing a business 26 27 39
Starting a business 47 53 55
Trading across borders 47 60 39
Protecting investors* 53 53 65
Employing workers* 75 75 102
Registering property 79 93 65
Dealing with construction permits
80 83 62
Getting credit* 84 84 42
Paying taxes 133 128 72
Enforcing contracts 156 156 42
* No subnational analysis was conducted for these topics. Rankings are based on Doing Business 2009 and are the same for Padua and Rome.
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Time to start a business in Padua and Rome
Tim
e (
days)
Rome 10 days
Padua7
days
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Cost of dealing with construction permits in Padua – international comparison
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Enforcing contracts in Padua: long duration
Veneto ranks 156th globally and last in the EU when it comes to the ease of enforcing contracts
Resolving a simple commercial dispute takes 1,808 days, and costs 27.3% of the value of the claim
Delays due to long duration of court proceedings and debt enforcement
Eliminate case backlog and reduce court delays by empowering judges
Implement an electronic case management system
Encourage alternative methods of dispute resolution
Current Situation What to reform
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Closing a business : gradual reforms since 2003
Two major legal reforms in 2003 and 2007
Reforms in the legal framework for bankruptcy redefined the scope of bankruptcy proceedings moving from punishing debtors to satisfying creditors
Gives distressed firms tools to overcome the crisis
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Business Friendly Regulation Leads toMore Registered Businesses and Start-ups
Countries ranked by ease of doing business, quintiles
Business Density (registered firms per capita)
Business Entry (new firms in % of registered firms)
Source: Doing Business database
Easiest Most difficult Most difficultEasiest