Doing Business 2010 is the seventh in a series of annual reports produced by the World Bank presenting objective indicators on business regulations and the protection of property rights that can be compared across 183 economies, from Afghanistan to Zimbabwe, on a consistent basis over time.
Regulations affecting 10 stages of a business's life are measured: starting a business, dealing with construction permits, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business.
This is the first time that Cyprus has been included in the report, and it has made a creditable debut, ranking fortieth of the 183 countries assessed for ease of doing business, comfortably in the top 25% and just behind the Nordic countries. Cyprus ranks above the European average in seven out of 10 categories.
The authors of the report commented that this is a successful first entry, given the increased rate of reform among other countries during the last year.
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