Armenia climbs 64th in Forbes Best Countries for Business listDecember 5, 2013 - 19:43 AMT PanARMENIAN.Net - Forbes published the eighth annual ranking of the best countries for business on Wednesday, December 5 and Ireland topped the list for the first time. Ireland has moved up from sixth position in the influential rankings last year. The rankings are determined by grading 145 nations on 11 different factors: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance. Each category is equally weighted and the data comes from published reports from the following organisations: Freedom House, Heritage Foundation, Property Rights Alliance, Transparency International, World Bank and World Economic Forum. Armenia was ranked 64th in he Forbes list, up from 77th spot last year. Among post-Soviet states, Estonia was ranked the highest (23rd spot). Lithuania was ranked 25th, Latvia - 35th, Georgia - 50th, Kazakhstan - 70th, Azerbaijan - 67th, Moldova - 88th, Russia - 91st, Kirgizstan -109th. Hong Kong, Denmark, Sweden, Finland, Singapore, Canada, Norway an Netherlands made it to the top 10, with U.S. and China placed 14th and 94th respectively. Related links: Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |