11/5/2018

Turkey Earns Spot Among Top 10 Global Improvers According to World Bank

The World Bank recently published ‘’Doing Business 2019 Report’’. Turkey, having carried out a record number of business reforms over the past year, has earned a spot among the top 10 global improvers.

 

Ranking 60th in the previous year’s report, Turkey advanced 17 spots to 43rd in the World Bank’s Ease of Doing Business ranking for 2019.

 

The report tracks economic reforms made between June 2, 2017 and May 1, 2018 and covers issues in 190 economies, such as starting a business, dealing with construction permits, getting credit, paying taxes, trading across borders, enforcing contracts, and resolving insolvency, which are essential in employment, stimulating investments, and supporting growth.

 

With seven reforms implemented by the Turkish government, Turkey gained 4.34 points since last year and received 74.33 out of 100 in 2019. With this advancement, Turkey is placed 9th among the top 10 improvers on the list.

world bank; business; turkey; investment; fdi

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