The World Bank's annual Doing Business report shows that Israel has jumped 14 places


by Ifi Reporter Category:Capital Market Oct 24, 2019

The World Bank's annual Doing Business report shows that Israel has jumped 14 places and ranks 35th out of 190 countries. Last year, Israel was ranked 49th and within two years nineteen places rose. In 2018, the Accountant General under his responsibility received the concentration of handling of the Doing Business Index. This is a global indicator of the ease of doing business in different countries, vis-à-vis the World Bank and government offices. This is a direct follow-up to the recommendations of the Inter-ministerial Committee for the Improvement of the Business Environment appointed by the Accountant-General, Roni Hezekiah, with the participation of the Prime Minister's Office, the Ministry of Justice, the Ministry of Economy, the Tax Authority and the Finance Department.
For the past two years, the Accountant-General has worked with the Ministry of Justice and the Tax Authority, which are responsible for most of the measured processes in the Index, and are each advancing reforms and changes to reduce bureaucracy and improving the business environment, to include the issue with government ministries, the business sector and World Bank representatives. This is to present to the World Bank, among other things, the reforms, changes and improvements made in the various areas. The improvements were made in the government offices to reduce the bureaucracy and to facilitate the conduct of business in Israel, and in order for them to be reflected in the index. Following this, the trend was reversed for the first time in the previous year, and the State of Israel rose by 5 places, from 54 to 49.
The most significant improvements were recorded in the tax payment index in which Israel was ranked 13th compared to 90th last year. The achievement reflects the digitization trend and service improvement that the Tax Authority has led in recent years. Further improvements were achieved in the Credit Receipt Index, Property Registration Index and Construction Establishment Index, and Building Permits Index.
In the Credit Receipt Index, in which Israel increased from 60 to 48, following the implementation of the reform of the Credit Data Law, which the Bank of Israel led. In addition, Israel has risen in the property registration index and the establishment of a business in 14 and 17 places respectively, and the building permit index has registered a cumulative increase of 30 places in the last two years.
In recent years, the Justice Department has been making great efforts to improve the business environment in Israel, including through an online revolution in Taboo and the Corporate Authority, alongside developing a methodology and work plan to improve Israel's position in the Doing Business Index, and the corresponding results, particularly in business opening and listing metrics.



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