For the second year in a row, Serbia has recorded excellent and well-deserved progress on the World Bank’s Ease of Doing Business index, and this year it is one of the ten countries that have most improved the ease of doing business.
Indeed, nominal and real convergence are interdependent processes and nominal convergence provides the necessary environment for lasting real convergence. At the same time, real convergence also requires continued efforts to remove rigidities in the labour and goods markets, as well as continued efforts to reform the financial system.