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Denmark Once Again Ranked as Best Place in Europe to do Business

For the third time in a row, the World Bank ranks Denmark as the best place in Europe to do business.

“The Danish government continuously works to improve conditions for doing business in Denmark, and I am pleased that the work has resulted in yet another top ranking to Denmark in the World Bank’s annual Doing Business report. This year’s report points to the fact that governments play an important role in creating a business-friendly environment. And Denmark is highlighted as a role model in this regard,” said Nick Hækkerup, Danish Minister for Trade and European Affairs.

Once again, Denmark is surpassed by Singapore, Hong Kong, New Zealand and the United States, but still ranks higher than a number of countries it's normally compared to, among these its Scandinavian neighbours.

“Recently, we launched a range of new initiatives which will improve the conditions for doing business in Denmark even further,” said the Minister.

“The growth plan we have launched entails lower corporate taxes, improved access to financing, more public investment projects and other elements that are all conducive to a propitious business environment,” he added.

Doing Business 2014 assesses regulations affecting domestic firms in 189 economies and ranks the economies in 10 areas of business regulation, such as setting up a business, resolving insolvency and trading across borders. This year’s report data cover regulations measured from June 2012 through May 2013. The report is the 11th edition of the Doing Business series.

Read more about Doing Business 2014 and download the report here.