Denmark is still the top country in Europe to do business in, according to the new World Bank publication ‘Doing Business 2017: Equal Opportunity for All’ (here in English).
The index ranked Denmark third overall in the world, as was also the case last year, behind top nation New Zealand and Singapore, and just ahead of Hong Kong and South Korea.
The Nordic countries performed well in general – Norway came in sixth in the world, followed by Sweden (9), Finland (13) and Iceland (20).
Other notables included the UK (7), the US (8), Australia (15), Germany (17), Canada (22), France (29), Japan (34 ), Russia (40), China (78), Brazil (123) and India (130).
The Doing Business 2017 Index ranked the nations of the world based on 11 parameters that “enable or prevent private sector businesses from starting, operating and expanding”.
These are: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency, and labour market regulation.