According to the Forbes magazine Armenia ranked 88th in the ranking of the best countries for business

ArmInfo. According to the influential and authoritative magazine Forbes, Armenia took 88th place in the ranking of the best countries for business.

"We are ranking the best countries for doing business, estimating 153 countries for fifteen different factors, which include: property rights, the degree of innovation, taxation, technology, corruption, freedom (personal, commercial and financial), bureaucracy and security All categories are equal in importance, "the authors of the study note, who used the data of organizations such as Freedom House, Heritage Foundation, Property Rights Alliance, United Nations, Transparency International, World Bank Group and World Economic Forum.

The leader of the rating was the United Kingdom, whose GDP increased by 1.8% last year, while the unemployment rate is at the lowest level in the last 42 years and is 4.3%.  As for the neighboring countries, Georgia took 52nd place, losing nine positions in comparison with last year, Turkey is located on the 56th place, Russia - on the 58th, and Azerbaijan - on the 70th.  The top ten countries for doing business were New Zealand, Netherlands, Sweden, Canada, Hong Kong, Denmark, Ireland, Singapore, Switzerland. The worst country for business was the republic of Chad, located on the last, 153rd line of the rating with a GDP decline of 6.4%.