ARMENIA RANKS 43RD IN DOING BUSINESS 2010

/PanARMENIAN.Net/
09.09.2009 18:59 GMT+04:00

/PanARMENIAN.Net/ 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 tro 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.
From: Baghdasarian