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 | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |