Armenian Government in next 5 years intends to occupy the position in TOP-25 rates of WB Doing Business

ArmInfo. Armenian Government is not satisfied with the results in the World Bank's Doing Business indicator ("Favorability of business conditions") and intends to strengthen its weak sides. "In the updated Doing Business ranking of October, Armenia has improved its overall position by 5 steps and has taken the 38th position of 190. We do not intend to be satisfied with this," Tigran Khachatryan, Deputy Minister of Economic Development and Investments of Armenia, stated at a press conference on June 16 presenting the program of actions developed by the Office in order to ensure the advanced positions in the WB indicator.

According to the Deputy Minister, from 2008 to provide favorable conditions to held business, Armenian Government confirms annual program of works. According to the department representative, Economy and Investment Ministry should provide steadiness of reforms for further development of Armenian positions in WB rating taking into account best world experience.

For today, according to Tigran Khachatryan, Armenia has identified its strength and weak sides on the basis of which it intends to move forward. According to the program of action approved by the country's Parliament, among 10 indicators for determining the country's position in the rating, each of which, in its turn, has certain parameters, Armenia sets a goal to significantly improve those where it particularly "lames ." Today, as Khachatryan explained, Armenia is strong in the indicators "Registration of property", "Establishment of business", "Receiving credits" and "Enforcement of contracts". Weaknesses of the republic are revealed in the "Taxation", "Resolving insolvency (bankruptcy procedure)," in "Receiving permits for construction" and "Connecting to the power supply system." "That is, in those areas that are related to the activities of the newly created business, which causes particular concern of Parliament ," he explained. According to the indicator "Investor Protection" and "International Trade", Armenia has average indicators.

In the implementation of comprehensive measures to improve the business environment of Armenia for 2017, as the Deputy Minister noted, it is expected that, in case of  all other equal conditions, through the envisaged 49 events aimed at alleviating the administrative burden for business, reducing corruption risks, paper red tape, increasing transparency services provided to the private sector through their transfer to the online site and improvement of the legislative base, Armenia will rise from the 38th to the 26th place in the Doing Business Index from 190 Countries. "At this stage, Armenia is aiming to climb 12 steps in the next ranking in next five years, in the context of the long-term reforms, we hope to take the position among the top 25 countries of the WB Doing Business rating," he said.

The impartiality and involvement  of the Doing Business indicator is not to be doubted. As Tigran Khachatryan stressed, among other things, the WB rating is important that  the results of the work are evaluated after they are implemented and applied in practice within 6 months. "In addition, it is important that progress is recorded not only on the basis of a survey of public sector representatives who developed and implemented reforms, but mainly based on the opinion of the private sector, where the changes were sent," Tigran Khachatryan said,that is, from the best result for each of the indicators of "Doing Business" - for all countries that are part of the Doing Business survey.