  Armenia ranks 39 in WB Doing Business 2008September 26, 2007 - 18:38 AMT PanARMENIAN.Net - The World Bank released its annual Doing Business 2008 ranking of the ease of doing business in 178 economies.A high ranking on the ease of doing business index means the regulatory environment is conducive to the operation of business. This index averages the country's percentile rankings on 10 topics, made up of a variety of indicators, giving equal weight to each topic. Georgia, ranking 18, is leading among the CIS member states. The country intensified protection of investors and passed a new law on bankruptcy. It also speeded up the issue of permissions for construction works and simplified registration of property rights. Armenia is the 39th with establishing a new private credit bureau and launching a new e-system of data exchange for customs officers. Macroeconomic policy, infrastructure quality, currency fluctuations and crime level are not taken into account.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Related sections Latest news Armenian, Saudi Foreign Minister meet in Riyadh  The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi ArabiaPashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”.U.S. doesn’t see Russia as contributing to peace in Caucasus Patel made the remarks when asked about the implications of Russia’s withdrawal of peacekeepers from Karabakh.Up to 1% cashback when shopping on Wildberries with IDBank cards IDBank is launching an exclusive campaign on Wildberries for online shopping enthusiasts. |
