Forbes’ Best for Business ranks Armenia 89thOctober 5, 2011 - 15:08 AMT PanARMENIAN.Net - Armenia ranks 89th (against 96th in 2010) among 134 major developed nations for business, according to the annual Best Countries for Business survey by influential business magazine Forbes. The neighbouring Georgia climbed to 50th place (previously 61st); Turkey rose to 46th (previously 54th), Azerbaijan increased ranking by 1 point to be placed 78th; Russia and Iran dropped to 102nd and 125th places respectively. Canada, the best country for business, moved up from 4th spot last year, beating out New Zealand and Hong Kong, which placed 2nd and 3rd respectively in the overall rankings. The U.S. ranked 10th, down from 9th a year ago. Denmark, last year's winner, dropped from the top spot to 5th as its stock market fell 14 per cent. Forbes ranked the countries based on 11 different factors including property rights, innovation, taxes, technology, corruption, freedom, red tape, investor protection and stock market performance. 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 | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |