1. 1 Doingbusiness in 2006 Creating Jobs Simeon Djankov Manager, Doing Business Project, World Bank September 15, 2005 Belgrade

2. 2 Regulation of Entry Labor Regulations Contract Enforcement Credit Markets Credit information Collateral Bankruptcy Corporate Governance Property registration Updates of 04 topics Business Licensing Taxation Trade Infrastructure Transport Customs Standards Updates of 04 and 05 2004 2005 2006 Doingbusiness indicators Products: Report, academic papers, country summaries, website database www.doingbusiness.org

3. 3 Making entry easier in Serbia and Montenegro Time reduced from 51 days to 15 Procedures reduced from 11 to 10 2004 2005

4. 4 Reforms cut time in the courts Time (days) Average timeMaximum time BEFORE REFORM AFTER REFORM

5. 5 Top reformers in 2004-2005

6. 6 1. New Zealand 2. Singapore 3. United States 4. Canada 5. Norway 6. Australia 7. Hong Kong, China 8. Denmark 9. United Kingdom 10. Japan 11. Ireland 12. Iceland 13. Finland 14. Sweden 15. Lithuania Top 30 economies on the ease of doing business 16. Estonia 17. Switzerland 18. Belgium 19. Germany 20. Thailand 21. Malaysia 22. Puerto Rico 23. Mauritius 24. Netherlands 25. Chile 26. Latvia 27. Korea 28. South Africa 29. Israel 30. Spain

7. 7 35 Starting a business 45 Protecting investors 61 Hiring and firing workers 74 Paying taxes 90 Closing a business 99 Getting credit 103 Registering property 110 Enforcing contracts 123 Trading across borders 130 Dealing with licenses 92: Serbia and Montenegros rank on the ease of doing business

8. 8 Trading across borders Documents to import Hard infrastructure is only 25%

9. 9 Construction permits: costly to obtain Permit and approval fees as a percentage of income per capita

10. 10 How much more employment? Ease of Doing Business indicator Reforms to reach the top quartile of countries could cut 3.7 percentage points off unemployment Bottom quartile Top quartile Implied rate after cut