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Albania is second country in the Balkans, after Macedonia, when it comes to the efficiency of setting up a new company, according to research of the World Economic Forum.

Registering a business in Macedonia takes only two days. Next on the list is Albania at eighth position, where the procedure takes four days. Croatia is 43rd with nine days; Montenegro is at 49th with 10 days, and Serbia is at 57th with 12 days. Bosnia and Herzegovina is at 120th; opening a new business there takes 37 days.