Reducing the Time to Start a Business
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Date:
May 8, 2007
Persuaded by numerous donor-sponsored assessments highly critical of existing procedures, the Serbian government undertook radical reforms of its business registry systems. The reforms, which were driven by local experts with financial and technical assistance from donor agencies, included a new legislative framework and the establishment of a new business registration agency (SBRA). As a result of the efforts, the time necessary for starting a business has been significantly reduced, and Serbia?s Doing Business ranking in this area makes it the second-highest ranked among nine Southeast European countries.