Serbia has gone up four places on the Doing Business list of the World Bank for 2020. The state is now 44th among the 190 countries listed.

The list of 20 countries that have made the greatest progress in improving the business environment includes such economic giants as China and India, but also Djibouti, Bangladesh, Kenya, Kuwait, Myanmar, Nigeria…

Of the countries in the region, North Macedonia placed the highest, taking the 17th spot. Slovenia is 37th, whereas Montenegro and Croatia are below Serbia, taking the 50th and the 51st spot respectively. Hungary is 52nd, whereas Romania is 55th. Bulgaria is 61st, and Albania is 82nd on the list of 190 countries.

The top spot belongs to New Zealand, with Singapore right behind.