ArmInfo. Armenia has been ranked the 38th in WB Doing Business 2017 report published overnight. The country has improved its rank by 5. The country performed well in Getting Electricity (improvement by 9 positions) and Getting Credit (by 22 positions), Enforcing Contracts (by 7 positions).
The country underperformed on Dealing with Construction Permits (by 3 positions), Protecting Minority Investors (by 2 positions) and Resolving Insolvency (by 3 positions). Generally, Armenia has reduced the Distance to frontier score (1-100) reaching 73.63. Armenia underperformed in Paying Taxes (88) and Construction Permits (81), Trading Across Borders (48).
Comparing to other CIS countries, Armenia is left behind Georgia (16), Kazakhstan (35), Belarus (37), but leaves behind Russia (40), Moldova (44), Azerbaijan (65), Kyrgyzstan (75), and Ukraine (80).
A record 137 economies around the world have adopted key reforms that make it easier to start and operate small and medium-sized businesses, says Doing Business 2017: Equal Opportunity for All, the World Bank Group's annual report on the ease of doing business. The new report finds that developing countries carried out more than 75 percent of the 283 reforms in the past year, with Sub-Saharan Africa accounting for over one-quarter of all reforms. In its global country rankings of business efficiency, Doing Business 2017 awarded its coveted top spot to New Zealand, Singapore ranks second, followed by Denmark; Hong Kong SAR, China; Republic of Korea; Norway; United Kingdom; United States; Sweden; and Former Yugoslav Republic of Macedonia.
The world's top 10 improvers, based on reforms undertaken, are Brunei Darussalam; Kazakhstan; Kenya; Belarus; Indonesia; Serbia; Georgia; Pakistan; United Arab Emirates (UAE); and Bahrain.