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High-heeled Colombiana and East Coaster currently on an adventure in the West. Lover of news, food, fashion and books, among many other things!

Report: Venezuela One Of Hardest Countries for Doing Business

Report: Venezuela One Of Hardest Countries for Doing Business

According to the annual report "Doing Business" conducted by the World Bank, Venezuela ranks 186 of 189 countries when it comes to business regulations.

Venezuela is surpassed only by African countries South Sudan (187), Libya (188) and Eritrea (189).

The report compares different business regulations that could enhance and constrain business development in 189 economies and states that "Venezuela made starting a business more difficult by increasing incorporation costs." The rankings are based on the average of each economy's scores for 10 topics that are included in the report.

Read more on NBC News.

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