Armenia moves up to 64th in Forbes Best Countries for Business 2013

Armenia moves up to 64th in Forbes Best Countries for Business 2013

YEREVAN, December 6. /ARKA/. Armenia ranked the 64th among 145 countries in Forbes Best Countries for Business 2013 rating.

Last year Armenia was the 77th among 141 countries.

According to Forbes, Armenia’s GDP growth was 7.2%, inflation 2.6%, GDP per capita $3,400 and unemployment level at 7%.

Ireland topped the rating, followed by New Zealand and Hong Kong.

Denmark, Sweden, Finland, Singapore, Canada, Norway and the Netherlands are among top ten best countries for business.

Georgia is the post-Soviet country with the best position, the 55th, in the rating (apart from Baltic countries). Azerbaijan is 67th, Kazakhstan 70th, Moldova 88th, Russia 91st, Ukraine 99th and Kyrgyzstan 109th.

The worst countries of the rating were Angola, Zimbabwe, Myanmar, Chad, and Guinea.

Forbes has analyzed 145 countries using 11 criteria important for business, such as personal freedoms, protection of property rights and investments, price stability, obstacles for exports and imports, technology development level, innovations, state influence over business, corruption, tax burden and stock market.

The data was collected from studies conducted by Freedom House, Heritage Foundation, Property Rights Alliance, Transparency International, the World Bank and the World Economic Forum. –0—

11:23 06.12.2013

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