Wednesday, November 1 2017 12:22
Alexandr Avanesov

Armenia gave up its position in the ranking of Doing Business 2018 by 9 points

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.

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