Click to edit Master title style Doing Business in Veneto 2009 Michael Klein Vice President - Financial and Private Sector Development, World Bank-IFC, and Chief Economist, IFC February 16, 2009

Click to edit Master title style 2 About Doing Business  Starting a business  Dealing with construction permits  Employing workers  Registering property  Getting credit  Protecting investors  Paying taxes  Trading across borders  Enforcing contracts  Closing a business  Update of 2007  Add 3 countries  Reformer’s Club:  16 case studies  New “About DB” chapter  Trends analysis DB04- DB09  Most popular reforms  Most effective reforms  Lessons learned  Add 3 new countries (Bahamas, Bahrain, Qatar)  Methodology change in Getting Credit (Legal Rights)

Click to edit Master title style 3 Top 30 on the ease of doing business Singapore16. Saudi Arabia 2. New Zealand17. Sweden 3. United States18. Bahrain 4. Hong Kong, China19. Belgium 5. Denmark20. Malaysia 6. United Kingdom21. Switzerland 7. Ireland22. Estonia 8. Canada23. Korea 9. Australia24. Mauritius 10. Norway25. Germany 11. Iceland26. Netherlands 12. Japan27. Austria 13. Thailand28. Lithuania 14. Finland29. Latvia 15. Georgia30. Israel

Click to edit Master title style 4 Eastern Europe and Central Asia reformed the most Countries with at least one positive reform in 2007/2008 (%)

Click to edit Master title style 5 Doing business in Veneto topics measured in Veneto (Padua): Starting a business Dealing with construction permits Registering property Enforcing contracts Trading across borders Paying taxes Closing a business 3 topics based on national laws and covered by Doing Business 2009: Employing workers Protecting investors Getting credit

Click to edit Master title style 6 Ease of doing business in the EU: global rankings of member states 5. Denmark 6. United Kingdom 7. Ireland 14. Finland 17. Sweden 19. Belgium 22. Estonia 25. Germany 26. Netherlands 27. Austria 28. Lithuania 29. Latvia 31. France 36. Slovakia 41. Hungary 45. Bulgaria 47. Romania 48. Portugal 49. Spain 50. Luxembourg 54. Slovenia 67. Padua (Veneto) 68. Rome 75. Czech Republic 76. Poland 96. Greece

Click to edit Master title style 7 Veneto’s global ranking by topic IndicatorVeneto (Padua)Rome EU Average Closing a business Starting a business Trading across borders Protecting investors* Employing workers* Registering property Dealing with construction permits Getting credit* Paying taxes Enforcing contracts * No subnational analysis was conducted for these topics. Rankings are based on Doing Business 2009 and are the same for Padua and Rome.

Click to edit Master title style 8 Time to start a business in Padua and Rome Time (days) Rome 10 days Padua 7 days

Click to edit Master title style 9 Cost of dealing with construction permits in Padua – international comparison

Click to edit Master title style 10 Time and cost to register property in Padua

Click to edit Master title style Paying taxes: little variation between Padua and Rome

Click to edit Master title style Time and cost to export from Veneto

Click to edit Master title style 13 Enforcing contracts in Padua: long duration  Veneto ranks 156 th globally and last in the EU when it comes to the ease of enforcing contracts  Resolving a simple commercial dispute takes 1,808 days, and costs 27.3% of the value of the claim  Delays due to long duration of court proceedings and debt enforcement  Eliminate case backlog and reduce court delays by empowering judges  Implement an electronic case management system  Encourage alternative methods of dispute resolution Current SituationWhat to reform

Click to edit Master title style 14 Closing a business : gradual reforms since 2003  Two major legal reforms in 2003 and 2007  Reforms in the legal framework for bankruptcy redefined the scope of bankruptcy proceedings moving from punishing debtors to satisfying creditors  Gives distressed firms tools to overcome the crisis

Click to edit Master title style 15 Business Friendly Regulation Leads to More Registered Businesses and Start-ups Countries ranked by ease of doing business, quintiles Business Density (registered firms per capita) Business Entry (new firms in % of registered firms) Source: Doing Business database Easiest Most difficult Easiest

Click to edit Master title style 16 Grazie