Armenia ranks 43rd in Doing Business 2010
Armenia ranks 43rd in Doing Business 2010 among 183 countries, improving its position by 7 points, press service of the WB Yerevan office reports. Georgia took 11 place, improving your figure by 4 points, and the position of Azerbaijan in the past year has remained unchanged - 38 place.
Doing Business 2010: Reforming through Difficult Times finds that 26 of 27 economies in the region reformed regulations to create more opportunity for domestic firms.
In general, according to the report in Armenia over the past year in the field of business recorded an improvement in three aspects: establishment of businesses, obtaining credit information and cross-border trade.
According to the report Doing Business 2010, in establishing businesses Armenia has improved its performance and ranks 21st, in cross-border trade - 102nd place and in obtaining a construction permission - 72nd, in registering property - 5th.
Globally, a record 131 of the 183 economies surveyed reformed business regulations between June 2008 and May 2009, according to the report, the seventh in a series of annual reports published by IFC and the World Bank.
The region was the most active worldwide in reforming insolvency regimes and easing access to credit. Six economies improved their insolvency regimes: Albania, Estonia, Lithuania, Poland, Russia, and Tajikistan.
Seven reformed their credit information systems: Armenia, Azerbaijan, Latvia, the Former Yugoslav Republic of Macedonia, Serbia, Tajikistan, and Turkey. The Kyrgyz Republic and Poland strengthened the legal rights of borrowers and lenders.
"Governments in Europe and Central Asia continue implementing regulatory reforms as part of their long-term strategies, despite the many challenges of the past year," said Neil Gregory, Advisor, Financial and Private Sector Development, World Bank Group. "They recognize that the quality of business regulation helps determine how easy it is to reorganize troubled firms, rebuild entrepreneurs' confidence, and start new businesses,"
Doing Business analyzes regulations that apply to an economy's businesses during their life cycles, including start-up and operations, trading across borders, paying taxes, and closing a business. Doing Business does not measure all aspects of the business environment that matter to firms and investors. For example, it does not measure security, macroeconomic stability, corruption, skill level, or the strength of financial systems.
Doing Business 2010: Reforming through Difficult Times finds that 26 of 27 economies in the region reformed regulations to create more opportunity for domestic firms.
In general, according to the report in Armenia over the past year in the field of business recorded an improvement in three aspects: establishment of businesses, obtaining credit information and cross-border trade.
According to the report Doing Business 2010, in establishing businesses Armenia has improved its performance and ranks 21st, in cross-border trade - 102nd place and in obtaining a construction permission - 72nd, in registering property - 5th.
Globally, a record 131 of the 183 economies surveyed reformed business regulations between June 2008 and May 2009, according to the report, the seventh in a series of annual reports published by IFC and the World Bank.
The region was the most active worldwide in reforming insolvency regimes and easing access to credit. Six economies improved their insolvency regimes: Albania, Estonia, Lithuania, Poland, Russia, and Tajikistan.
Seven reformed their credit information systems: Armenia, Azerbaijan, Latvia, the Former Yugoslav Republic of Macedonia, Serbia, Tajikistan, and Turkey. The Kyrgyz Republic and Poland strengthened the legal rights of borrowers and lenders.
"Governments in Europe and Central Asia continue implementing regulatory reforms as part of their long-term strategies, despite the many challenges of the past year," said Neil Gregory, Advisor, Financial and Private Sector Development, World Bank Group. "They recognize that the quality of business regulation helps determine how easy it is to reorganize troubled firms, rebuild entrepreneurs' confidence, and start new businesses,"
Doing Business analyzes regulations that apply to an economy's businesses during their life cycles, including start-up and operations, trading across borders, paying taxes, and closing a business. Doing Business does not measure all aspects of the business environment that matter to firms and investors. For example, it does not measure security, macroeconomic stability, corruption, skill level, or the strength of financial systems.
