Tert, Armenia June 8 2017 World Bank's Doing Business 2017 report highlights progress in Armenia 18:16 • 08.06.17 Armenia has improved its ranking on the World Bank's annual Doing Business 2017 report, climbing from the 43rd position in 2016 to the 38th position this year. A plan of actions proposing steps towards making the atmosphere more business-friendly received the cabinet's approval on Thursday afternoon. The report evaluates the regulations directly impacting the business environment through a comparative analysis in 11 major areas: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and labor market regulation. Armenia's essential progress, observed over the past years (thanks to different measures), has found its reflection in the evaluations by the World Bank and the International Finance Corporation, reports the Ministry of Economic Development and Investments. The findings highlight particularly progress in the procedures of “getting credits” (7 points) and “getting electricity” (9 points). The program has a comprehensive content and proposes reforms in all the areas under evaluation. The Ministry expresses its commitment to ensure ongoing processes by relying upon the international best practice. The full report can be accessed here: https://urldefense.proofpoint.com/v2/url?u=http-3A__www.doingbusiness.org_-7E_media_wbg_doingbusiness_documents_profiles_country_arm.pdf&d=DwIFaQ&c=clK7kQUTWtAVEOVIgvi0NU5BOUHhpN0H8p7CSfnc_gI&r=LVw5zH6C4LHpVQcGEdVcrQ&m=n3SsZeizl5ghFIKOzGtTQKB10zrvAMh88QbDLX3gtaM&s=vGSp87H5_RBoFSZneuw-ah-4T_RRtUQDAk3jIZVJ_Kw&e=