According to the World Bank's "Doing Business Report 2012", the Republic of Macedonia is the third most improved economy in the world in 2011. It moved 12 places from the 34th to the 22nd place.
The Republic of Macedonia made progress in four areas measured by the report: dealing with construction permits, registering property, getting credit and resolving insolvency. It made dealing with construction permits easier by streamlining procedures and transferring oversight processes to the private sector. Property registration easier by reducing notary fees and enforcing the time limits established in the Law on Real Estate Cadastre. The establishment of a private credit bureau improved the credit information system.
According to results of research "Doing Business 2012" Macedonia is one of 10 economies that made the biggest strides in creating a regulatory environment more favorable to business in the past 6 years.
According to experts, these changes will help to attract new investors, due to improved investment climate.
Source: http://www.investinmacedonia.com/default.aspx?item=news&subitem=details&itemid=2660