29 March 2020 - 5 Nisan 5780 - ה' ניסן ה' אלפים תש"פ
Business efficacy in Israel continues to attract international acclaim E-mail

Israel jumped 14 places to be ranked 35th among 190 countries in the World Bank’s Ease of Doing Business report, published by the Washington financial institution in October.

The annual report, which also saw Israel rise from 54th to 49th place worldwide last year, evaluates regulations enhancing or constraining domestic business activity for small and medium-size enterprises over a 12-month period.

Focusing on the largest business cities of each economy, the report evaluated ease of business in Tel-Aviv, and is based on regulations affecting ten key aspects in the life of a business.

Israel’s significant rise in the rankings, the report stated, was due to regulatory improvements in starting a business, credit acquisition, timely tax payments, and cross-border trading ability.

New Zealand, Singapore, and Hong Kong were ranked as the three leading economies for ease of business.

At the other end of the spectrum, Somalia, Eritrea, and Venezuela were found to be the most difficult locations for business activity.

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