The Government has set out concrete goals for improving the country’s business environment and national competitiveness for 2019-2021 period in line with international standards, according to its Resolution No. 02 adopted in early January.
No. |
Name of index |
Initiated by |
Number of places up for 2019 |
Number of places up by 2021 |
I |
General goals |
|||
1 |
Ease of Doing Business |
World Bank |
5-7 |
15-20 |
2 |
Global Competitiveness |
World Economic Forum |
3-5 |
5-10 |
3 |
Global Innovation |
World Intellectual Property Organization |
2-3 |
5-7 |
4 |
Logistics Performance |
World Bank |
|
5-10 |
5 |
Travel and Tourism Competitiveness |
World Economic Forum |
7-10 |
10-15 |
6 |
E-Government development |
United Nations |
|
10-15 (before 2021) |
II |
Specific goals for business environment improvement |
|||
7 |
Starting a Business |
|
At least 5 |
20-25 |
8 |
Paying Taxes & Social Insurance |
|
7-10 |
30-40 |
9 |
Dealing with Construction Permits |
|
At least 1 |
2-3 |
10 |
Protecting Minority Investors |
|
At least 5 |
14-19 |
11 |
Getting Electricity |
|
3-5 |
5-7 |
12 |
Registering Property |
|
5-8 |
20-30 |
13 |
Trading across Borders |
|
3-5 |
10-15 |
14 |
Enforcing Contracts |
|
At least 3 |
8-12 |
15 |
Resolving Insolvency |
|
At least 3 |
10-15 |
III |
Specific goals for competitiveness improvement |
|||
16 |
Burden of Government Regulation |
|
At least 2 |
5 - 10 |
17 |
Corruption Incidents |
|
2-5 |
5-10 |
18 |
Quality of Land Administration |
|
2-3 |
5-8 |
19 |
Infrastructure |
|
At least 1 |
3-5 |
20 |
ICT Adoption |
|
At least 5 |
20-25 |
21 |
Quality of Vocational Training |
|
At least 5 |
20-25 |
22 |
Market Capitalization |
|
At least 5 |
10-15 |
23 |
R&D Expenditures |
|
At least 2 |
6-10 |
24 |
Growth of Innovative Companies |
|
At least 5 |
20-25 |
25 |
Companies Embracing Disruptive Ideas |
|
At least 2 |
5-10 |
VGP