Singapore retained its ranking as the easiest place to do business in the World Bank's "Doing Business 2008" report, the fifth in an annual series.
The rankings are based on ten quantitative measures of the regulatory environment for private firms. Egypt showed the biggest improvement compared with the last survey, advancing in five of the areas covered. A business can spring to life more quickly there than in Italy.
Many of the countries making the greatest strides are in eastern Europe and the former Soviet Union. Ghana, Colombia, Saudi Arabia, Kenya and China are also among the top ten reformers. Congo, where it takes 155 days to get a business up and running, is the lowest ranked country in the survey.
Source: The Economist, October 6, 2007 (Paid subscription required).