Click to edit Master title style Doing Business in Veneto 2009 Michael Klein Vice President - Financial and Private Sector Development, World Bank-IFC, and Chief Economist, IFC February 16, 2009
Click to edit Master title style About Doing Business 2009 2007 Starting a business 2008 Update of 2007 2009 New “About DB” chapter Dealing with Add 3 countries construction permits Employing workers Registering property Getting credit Protecting investors Paying taxes Trading across Reformer’s Club: 16 case studies Trends analysis DB 04 DB 09 Most popular reforms Most effective reforms Lessons learned Add 3 new countries (Bahamas, Bahrain, Qatar) Methodology change in Getting Credit (Legal Rights) borders Enforcing contracts Closing a business 2
Click on the Master doing business - 2009 Top 30 to edit ease of title style 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 3
Eastern to editand Central Asia reformed the most Click Europe Master title style Countries with at least one positive reform in 2007/2008 (%) 4
Doing to edit Master title 2009 Click business in Veneto style 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 5
Ease of doing business in the EU: global rankings Click to edit Master title style of member states 5. Denmark 36. Slovakia 6. United Kingdom 41. Hungary 7. Ireland 45. Bulgaria 14. Finland 47. Romania 17. Sweden 48. Portugal 19. Belgium 49. Spain 22. Estonia 50. Luxembourg 25. Germany 54. Slovenia 26. Netherlands 67. Padua (Veneto) 27. Austria 68. Rome 28. Lithuania 75. Czech Republic 29. Latvia 76. Poland 31. France 96. Greece 6
Veneto’s global ranking by topic Click to edit Master title style Indicator Veneto (Padua) Rome EU 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 42 7 * No subnational analysis was conducted for these topics. Rankings are based on Doing Business 2009 and are the same for Padua and Rome.
Time toto edit business in Padua and Rome Click start a Master title style 12 Rome 10 days Time (days) 10 Padua 7 days 8 6 4 2 0 Deposit 25% Execute a public Buy corporate contributions at deed and accounting bank books Pay grant tax Register the enterprise Notify labor office 8
Cost of dealing with construction permits in Click tointernational comparison edit Master title style Padua – 9
Time and cost to register property in Padua Click to edit Master title style 10
Paying taxes: little variation between Padua Click to edit Master title style and Rome
Time andedit Master title style Click to cost to export from Veneto
Enforcing contracts intitle style duration Click to edit Master Padua: long Current Situation Veneto ranks 156 th 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 What to reform Eliminate case backlog and reduce court delays by empowering judges Implement an electronic case management system Encourage alternative methods of dispute resolution 13
Closing tobusiness : gradual reforms since 2003 Click a edit Master title style 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 14
Business Friendly Regulation Leads to Click Registered Businesses and Start-ups More to edit Master title style Business Density Business Entry (registered firms per capita) Easiest (new firms in % of registered firms) Most difficult Easiest Countries ranked by ease of doing business, quintiles Source: Doing Business database Most difficult 15
Grazie Click to edit Master title style www. doingbusiness. org/veneto 16
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