The situation, for those who do business in Italy, remains very complicated, despite the fact that some timid steps forward have been made and are being made. That's the verdict the World Bank presented today its annual report "Doing business in Italy 2013", drawn up in collaboration with the International Finance Corporation.
In the ranking that measures the “Ease of doing business” Italy has taken a small step forward compared to last year, rising from 75th to 73rd position, however remaining evidently far from the top of the table, occupied primarily by Singapore, followed by Hong Kong, New Zealand and the United States.
It remains very difficult, in Italy, to start a business, and to obtain credit and building permits. It improves the situation regarding property registration and cross-border exchanges.
Those who do business in Italy, reads the report, “have to deal with long, inefficient and expensive procedures. The good news is that the regulatory environment is improving.” The relationship, then, has analyzed and compared the situation of 13 Italian cities. Partially promoted, even if far from levels of excellence, Bologna (for the ease of obtaining building permits), as well as Padua and Catanzaro (both for the ease of starting a business), Turin (resolution of commercial disputes) and Genoa ( port activity efficiency). Bad Rome, Bari, Campobasso, Potenza and Palermo.
The general manager of Bank of Italy Fabrizio Saccomanni: “Italy can only continue resolutely with the reform programme“. “Since summer 2011 – continued Saccomanni – important structural reforms have been launched aimed at creating economic and regulatory conditions more conducive to growth. The effort made was far-reaching and involved a very vast front of topics”. The general manager of Bankitalia then concluded by warning that it will take time for the concrete implementation of some reforms to take place: “the positive effects of these interventions on economic activity are not immediate. Much remains to be done."
The complete report of the World Bank and IFC at this link: doingbusiness
