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Croatian reforms lauded
The Croatian government's efforts to improve the business landscape in the country have been recognised by the World Bank.
A recent report by the body measured the level of regulatory reforms designed to facilitate trade made by governments around the world.
Particular emphasis was given to factors such as the strengthening of property rights, access to credit, reduced taxation and investor protection.
The World Bank found Egypt to be the nation that had achieved the most business-friendly reforms, with Croatia in second position.
At an event in New York attended by the Croatian finance minister Ivan Suker, the World Bank's vice president for financial and private sector development Michael Klein said it was important to recognise the efforts of reforming governments.
He added: "Improving regulations is important to enable a thriving private sector, create jobs, promote growth, and raise living standards for all."
Those purchasing investment property in Croatia may be directly affected by two of the reforms - the reduction in the amount of time taken to register property and the launch of a new credit bureau.
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