According to the World Bank Doing Business report, Montenegro is ranked 46th out of 189 global economies. The most recent year's rankings of Montenegro was positioned 47th, although the current year, climbed by one position, possessing the 46th position.
In this year’s report, there have been some changes to its methodology to 7 out 10 indicators. More specifically, in "dealing with construction permits", "getting electricity", "registering property", "trading across borders", "protecting minority investors", "resolving insolvency" and "enforcing contracts", there have been certain alterations in the worldwide positioning.
In such manner, the most recent year's rankings of Montenegro was positioned 47th, although the current year, climbed by one position, possessing the 46th position.
The new strategy is best described by positioning on simplicity of doing business with regard to nations that are appraised as the best practice in particular territories. Past rankings were made with respect to the average score of diverse nations inside of particular zones.
Montenegro's advancement, perceived in the most recent Doing Business is because of the changes actualized in the ranges of "dealing with construction permits" and "paying duties."
In the first zone, Montenegro managed to climb by 11 spots, positioning 9th, because of diminished length of time of the methodology (from 158 to 154 days) and cutting down expenses.
In the zone of "paying duties," Montenegro made a change (+33), possessing 64th spot in the worldwide positioning. Advancement has been perceived in decreasing procedures (from 29 to 17), limiting the time of the techniques (from 320 to 314 hours for every year) and cut down expenses.
Montenegro has kept up the most recent year's position in "authorizing contracts" and "exchanging crosswise over fringes."
As to "starting a business", Montenegro dropped its primary position (- 4) (from 55th to 59th), despite the fact that the quantity of the techniques and also their term, continued as before, while advancement was perceived in expenses diminishment (from 1.6% to 1.4% of wage for every capita).
Montenegro saw a drop in positioning in the field of "getting power" (- 1) (from 162 to 163) because of an increment in various strategies (from 5 to 7) and in their length of time (from 71 days to 142 days), while there was a lessening in expenses from 467.9% to 464.8% of salary for every capita.