Tuesday, October 3 2017 18:18
Tatevik Shahunyan

Armenia hopes to improve its position in 2017 in the annual report of the World Bank

Armenia hopes to improve its position in 2017 in the annual report of  the World Bank

ArmInfo. Members of the  Armenian Government headed by Prime Minister Karen Karapetyan  discussed the implementation of the programs for 2017 in the  framework of Doing Business.

It was reported that of the envisaged 49 programs, 22 were  implemented. The remaining 27 will be implemented in accordance with  the schedule before the end of November. The participants of the  meeting predicted that following the results of the implemented  measures Armenia will improve its positions in the annual report of  the World Bank.

The Premier, for effective implementation of the events instructed  the competent structures to actively cooperate with the World Bank  and representatives of business circles in the construction, banking,  investment spheres, as well as in the sphere of small and  medium-sized businesses in order to improve the business climate in  the country.

Within the framework of the measures, the Government of Armenia, in  the context of the next 5 years, claims to be in the top 20 out of  190 countries in the World Bank rating Doing Business. When  implementing complex measures to improve the business environment of  Armenia, it is expected that, with all other equal conditions,  through the envisaged activities aimed at alleviating the  administrative burden on business, reducing corruption risks,  increasing the transparency of services provided to the private  sector by moving them to the online site, and improvement of the  legislative base, in the Doing Business index the republic will rise  from the 38th place and take the position among the first 20  countries of the rating.

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10 billion

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Maximum yield

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Мinimum yield

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