Three emerging countries in Europe among the 12 best in the world to start a business

Three emerging European countries: Georgia, Kosovo and Estonia, have been included in a new report that highlights the world’s 12 best economies to start a business in 2018. Using data from the World Bank , online marketers Restart the digital agency dove into research to uncover the best savings to start a business in 2018, in the hopes that it will offer insight for both budding entrepreneurs and seasoned businessmen alike.

While New Zealand, where it only takes one procedure, half a day and less than one percent of per capita income to start a business, tops the list, Georgia comes in fourth. The country has made great strides in reducing bureaucracy and simplifying tax procedures in recent years, and is now widely recognized as one of the easiest places in the world to do business.

“Recent economic reforms have earned Georgia a reputation as a ‘star reformer’. However, challenges remain and our new strategy aims to help the country use the potential of its private sector to move from a strong reformer to a high performing one, ”said Jan van Bilsen, IFC Regional Director for the Caucasus. from the South earlier this year.

Elsewhere in emerging Europe, Kosovo ranked 10th, while Estonia – known for its groundbreaking e-citizenship and online residency programs – ranked 12th.

“It is encouraging to see countries like Jamaica, Uzbekistan and Kosovo experiencing dynamic growth,” said Shai Aharony, Managing Director of Reboot Digital Agency. “This suggests that we are heading into a rich and multicultural period in business, which will undoubtedly encourage us to venture into new areas, to start up or to network. Some might even argue that it will become essential to do so. I am sure we will see continued changes in the industry as businesses reform and move beyond old borders. “

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Joan J. Holland