YEREVAN, October 25. /ARKA/. Armenia must be among top 20 countries in the next Doing Business report, Prime Minister Tigran Sargsyan said at the Cabinet meeting on Thursday.
“Economy Ministry said many reforms were omitted by the World Bank’s rating, that’s why we expect further progress in the next rating… To be listed in top 20, maximum 10 states in business doing must be our goal,” Sargsyan said adding that Armenia should develop the spheres, which have flaws.
He instructed Economy, Finance and Justice Ministries, as well as State Revenue Committee of Armenia to present the new program of events for improvement of Armenia’s positions in Doing Business by November 15.
Armenia has moved 18 places up in the annual ranking «Doing Business – 2013» of the World Bank (WB) and the International Financial Corporation (IFC), and is now the 32nd in the ratings (the 50th the year before).
Armenia is between the Netherlands (the 31st) and Belgium (the 33rd) in the new ranking, having left behind France (the 34th), Israel (the 38th), South African Republic (the 39th) and Spain (the 44th).
Head of Armenian government also noted that the reforms, which are currently being implemented in the republic, can give outcomes 1-2 years later.
On his side, Economy Minister of Armenia Tigran Davtyan said the responsible bodies are working on improving business and investment fields in Armenia.
“Even though we reported unprecedented progress in the rating, we should not stop,” he highlighted.
Minister also emphasized the fact that Armenia stands near such Western European states as Netherlands and Belgium in the rating, showing the best upturn rates amid CIS.
Only Georgia and Armenia in the region are registering climb in Doing Business rating, he resumed.
Singapore topped the ranking on Ease of Doing Business for the seventh successive year, followed by Hong Kong, New Zealand, the USA, Denmark, Norway, Great Britain, Republic of Korea, Georgia and Australia.
Georgia is the leader among post Soviet Union countries (the 9th in the ranking) and is followed by Estonia (21st), Latvia (25th), Lithuania (27th), Armenia (32nd), Kazakhstan (49th), Belarus (58th), Azerbaijan (67th), Kyrgyzstan (70th), Moldova (83rd), Russia (112nd), Ukraine (137th), Tajikistan (141st) and Uzbekistan (154th).
On the whole, Eastern European and Central Asian countries have left behind the countries of Eastern Asia and the Pacific region in the 2012 ranking and have become the second region on ease of doing business after the high-income OECD (Organisation for Economic Co-operation and Development) countries.
The Central African Republic closes the ranking. -0-