ARMENIA – THE BEST COUNTRY FOR BUSINESS IN CIS

AZG Armenian Daily
01/07/2008

Statistics

Armenia is the best country for business in CIS, according to Forbes
data, "Azatutyun" radio-station reported.

Armenia ranks 63 among 121 countries in the Forbes ranking of Best
Countries for Business, leaving behind all other CIS countries. The
ranking is based on the reports of the Transparency International,
the Freedom House and other international organizations. GDP growth,
inflation and unemployment rates, the state of tax and customs
systems, and publications on human freedoms. "Over the past years
the Armenian authorities have taken certain steps to improve the tax
and customs systems. However, although high paces of economic growth
were registered, the unemployment rate in the country remains high,
the fight against corruption is not enough and human freedoms are
restricted," the Forbes states. Georgia is the next CIS country that
is favorable for business. It ranks 68th, the main obstacle here is
unemployment. Azerbaijan is 82nd and Russia is 86th.