The best places in the world to do business


Singapore, Denmark and U.S. are the best places in the world to conduct business, according to the Economist Intelligence Unit business environment ranking.

The best places in the world to do business
“Singapore will remain the best geography in the world to do business, as it has for the past 16 years,” EIU’s Country Forecast Manager and Europe analyst, Prianthi Roy. Factors driving the Southeast Asian nation’s place as a premier business destination is its political stability and the government’s focus on helping domestic private-sector companies upgrade technologically, she said.

Behind Singapore are Denmark and the U.S., which took the second and third spots respectively. Denmark, with its “solid macroeconomic fundamentals” and high quality transport and digital infrastructure lends itself as one of the world’s most attractive business locations, Roy said. Market opportunities will remain favorable in the U.S., especially with few restrictions to foreign trade and investment in the U.S., she added.

Germany and Switzerland placed fourth and fifth, while Canada, Sweden, New Zealand, Hong Kong and Finland make up the rest of the top 10 best places in the world to do business. Some notable “big improvers” that scored well in the index were countries like Greece, Qatar and India.

When it comes to the Uzbek market, it is open to investment and experiencing rapid development. With a population of over 35 million, there are numerous untapped niches where competition is minimal. Even in sectors where numerous local and foreign brands operate, there remains unmet demand.

It should be noted that the EIU’s ranking assesses the attractiveness of doing business across 82 countries and territories, and is measured based on indicators such as inflation, cost of living, economic growth, and fiscal policies.

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