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Business Removing

Doing Business in 2005 -- Removing Obstacles to Growth

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COUNTRY TABLES 115<br />

LATVIA GNI per capita (US$) 4,070 Population (m) 2.3<br />

Europe & Central Asia<br />

Upper middle income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 7 Number of procedures 10 Disclosure Index 5<br />

Time (days) 18 Time (days) 62<br />

Cost (% of income per capita) 17.6 Cost (% of property value) 2.1 Enforcing contracts<br />

Minimum capital (% of income per capita) 41.4 Number of procedures 23<br />

Getting Credit Time (days) 189<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 1.5 Cost (% of debt) 11.0<br />

Difficulty of hiring index 78 Legal rights of borrowers and lenders 8<br />

Rigidity of hours index 20 Credit information index 4 Closing a business<br />

Difficulty of firing index 50 Public registry coverage (borrowers/1000 adults) 6 Time of insolvency (years) 1.1<br />

Rigidity of employment index 49 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 4.0<br />

Firing costs (weeks) 42 Recovery rate (cents on the dollar) 85.0<br />

LEBANON GNI per capita (US$) 4,040 Population (m) 4.5<br />

Middle East & North Africa<br />

Upper middle income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 6 Number of procedures 8 Disclosure Index 1<br />

Time (days) 46 Time (days) 25<br />

Cost (% of income per capita) 131.5 Cost (% of property value) 5.9 Enforcing contracts<br />

Minimum capital (% of income per capita) 82.3 Number of procedures 39<br />

Getting Credit Time (days) 721<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 2.2 Cost (% of debt) 26.7<br />

Difficulty of hiring index 44 Legal rights of borrowers and lenders 4<br />

Rigidity of hours index 0 Credit information index 4 Closing a business<br />

Difficulty of firing index 40 Public registry coverage (borrowers/1000 adults) 31 Time of insolvency (years) 4.0<br />

Rigidity of employment index 28 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 18.0<br />

Firing costs (weeks) 103 Recovery rate (cents on the dollar) 19.3<br />

LESOTHO GNI per capita (US$) 590 Population (m) 1.8<br />

Sub-Saharan Africa<br />

Low income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 9 Number of procedures 6 Disclosure Index 4<br />

Time (days) 92 Time (days) 101<br />

Cost (% of income per capita) 58.4 Cost (% of property value) 9.1 Enforcing contracts<br />

Minimum capital (% of income per capita) 17.7 Number of procedures 49<br />

Getting Credit Time (days) 285<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) . . Cost (% of debt) 23.9<br />

Difficulty of hiring index 0 Legal rights of borrowers and lenders . .<br />

Rigidity of hours index 60 Credit information index 0 Closing a business<br />

Difficulty of firing index 20 Public registry coverage (borrowers/1000 adults) 0 Time of insolvency (years) 2.6<br />

Rigidity of employment index 27 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 8.0<br />

Firing costs (weeks) 47 Recovery rate (cents on the dollar) 33.0<br />

LITHUANIA GNI per capita (US$) 4,490 Population (m) 3.5<br />

Europe & Central Asia<br />

Upper middle income<br />

Starting a business Registering property Protecting investors<br />

Number of procedures 8 Number of procedures 3 Disclosure Index 6<br />

Time (days) 26 Time (days) 3<br />

Cost (% of income per capita) 3.7 Cost (% of property value) 0.9 Enforcing contracts<br />

Minimum capital (% of income per capita) 62.8 Number of procedures 17<br />

Getting Credit Time (days) 154<br />

Hiring and Firing Workers Cost to create collateral (% income per capita) 4.1 Cost (% of debt) 14.1<br />

Difficulty of hiring index 33 Legal rights of borrowers and lenders 4<br />

Rigidity of hours index 60 Credit information index 3 Closing a business<br />

Difficulty of firing index 30 Public registry coverage (borrowers/1000 adults) 44 Time of insolvency (years) 1.2<br />

Rigidity of employment index 41 Private bureau coverage (borrowers/1000 adults) 0 Cost of insolvency (% of estate) 8.0<br />

Firing costs (weeks) 34 Recovery rate (cents on the dollar) 52.4

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