ArmInfo. In the World Bank's annual Doing Business 2018 rating on the terms of reference business in the states of the world, Armenia deteriorated its position by 9 points. The Republic is located on the 47th place, between Italy (46th place) and Hungary (48th place). Despite the worsening of the position, Armenia improved its performance on several rating criteria. In particular, the World Bank experts note the progress recorded in Armenia in terms of "business start-up", "construction permission", "connection to electricity networks", etc.
Among the countries of the post-Soviet space, Armenia in the rating outstripped Azerbaijan (65th place), Kyrgyzstan (75th place), Ukraine (80th place), Uzbekistan (87th place) and Tajikistan (128th place). Georgia entered the top ten ranking, taking 9th place, and Russia is located on the 35th position. Recall that in September 2016, the leadership of the Ministry of Economic Development and Investments of Armenia promised to improve its positions in the World Bank's rating by 10 points. In the World Bank's "Doing-Business-2016" rating, Armenia took 35th place among 189 countries, having risen for 3 years in a year. In 2014 Armenia was on the 45th place, in 2013 - on the 49th.
The annual Doing Business survey assesses the "procedural" comfort of doing business on the basis of ten indicators, such as business registration in Armenia, ease of issuing construction permits, ease of connection to electricity networks, ease of international trade, quality of tax administration and so on. In the framework of this study, comprehensive quantitative data are collected and analyzed to compare the conditions for regulating entrepreneurial activity between countries and in dynamics. The Doing Business project, which began in 2002, focuses on the activities of national small and medium- sized enterprises and the evaluation of regulations that regulate their activities throughout the life cycle.