Norway is the sixth best country in the world in which to run a business, according to a ranking published by the World Bank. The World Bank issued the report "Doing Business" on Wednesday, which highlights where in the world businesses receive the most aid from the government, and face the least barriers.
"I am pleased that Norway once again is named one of the best countries in the world to run a business. The World Bank rans us as number six out of 189 countries. This puts Norway ahead of many of our trade partners and neighbouring countries, such as Sweden, Germany and the U.S.," Minister of Trade Monica Mæland (Høyre/The Conservative Party) tells NRK.
All five Nordic countries are among the top twelve countries, and Denmark is also ranked as one of the top ten.
"Simplification is one of the government's main focus areas. As a Minister of Trade I work every day to help businesses spend more time creating value, and less time filling out forms and reports. Therefore it is great to see that it has become easier to start a business in Norway," Mæland says.
Chief economist in the World Bank, Kaushik Basu, admits that "Doing Business" only measures a small segment of the complexity that each modern economy consists of.