Portugal actually fell two places in the ‘Doing Business 2015’, ranking from 23rd to 25th, rather than the six place improvement that the report released on Wednesday appeared to show.
Last year, when ‘Doing Business 2014’ came out, Portugal was in 31st place and in this year’s edition it came in 25th, seemingly a six place increase.
However, on the ‘Doing Business’ Internet page, it said that the criteria had been altered and if the new criteria had been used last year, Portugal would have actually been placed 23rd and not 31st.
In other words, instead of improving, Portugal actually got worse from one year to the next.
The reform of labour legislation was one point highlighted by the authors, particularly the changes to fixed term contracts introduced in 2013 and the cut in payments for working on holidays.
Out of the 189 countries that were assessed by the World Bank, Singapore stayed in first position followed by New Zealand, Hong Kong (China), Denmark, Korea, United States and the UK.
SP/ADB // ADB
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