ARMENIA RANKS 44th AMONG 181 COUNTRIES BY INDEX OF BUSINESS REFORMS
Noyan Tapan
Se p 12, 2008
YEREVAN, SEPTEMBER 12, NOYAN TAPAN. Armenia ranks 44th among 181
countries included in the "Doing Business 2009" 6th annual report of
the World Bank.
Last year Armenia was 41st among 178 countries. By the report, over
the year the judicial system of the country was reorganized and the
judicial codes were improved. The use of agreements was made easier
by cancelling a procedure and reducing the time for settlement of
commercial disputes.
Armenia considerably reduced the cost of getting permissions for
construction by abolishing the compulsory payments for receiving the
right of design.
According to a press release of the World Bank Yerevan Office,
the economies of the countries to be included in the report are
assessed based on ten business management indices concerning progress
in starting business, construction permissions, staff recruitment,
property registration, loan receiving, investor protection, border
trade, agreement use and closing business.