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About Doing Business 2009

Doing Business in Veneto 2009 Michael Klein Vice President - Financial and Private Sector Development, World Bank-IFC, and Chief Economist, IFC February 16, 2009. About Doing Business 2009. Top 30 on the ease of doing business - 2009. Eastern Europe and Central Asia reformed the most.

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About Doing Business 2009

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  1. Doing Business in Veneto 2009Michael KleinVice President - Financial and Private Sector Development, World Bank-IFC, and Chief Economist, IFCFebruary 16, 2009

  2. About Doing Business 2009

  3. Top 30 on the ease of doing business - 2009

  4. Eastern Europe and Central Asia reformed the most Countries with at least one positive reform in 2007/2008 (%)

  5. 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

  6. Ease of doing business in the EU: global rankings of member states

  7. Veneto’s global ranking by topic * No subnational analysis was conducted for these topics. Rankings are based on Doing Business 2009 and are the same for Padua and Rome.

  8. Time to start a business in Padua and Rome Rome 10 days Padua 7 days Time (days)

  9. Cost of dealing with construction permits in Padua – international comparison

  10. Time and cost to register property in Padua

  11. Paying taxes: little variation between Padua and Rome

  12. Time and cost to export from Veneto

  13. Enforcing contracts in Padua: long duration Current Situation What to reform • 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

  14. 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

  15. Business Friendly Regulation Leads toMore Registered Businesses and Start-ups Business Density (registered firms per capita) Business Entry (new firms in % of registered firms) Most difficult Most difficult Easiest Easiest Countries ranked by ease of doing business, quintiles Source: Doing Business database

  16. www.doingbusiness.org/veneto Grazie

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