YEREVAN, October 23. /ARKA/. Armenia has a serious potential to improve its positions in the annual Doing Business rating compiled by the World Bank and International Financial Corporation, Armenia’s Prime Minister Tigran Sargsyan said Tuesday at the meeting of Council for IT development, which is under his own supervision.
Armenia has moved 18 places up in the annual ranking «Doing Business – 2013», 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).
“The 32nd place out of 184 is a pretty optimistic indicator. However, we have a serious potential to improve our positions, and we will work in that direction,” Mr. Sargsyan said.
Premier also reminded that last year the Ministry of Economy was instructed to ensure a 5-position upturn in this rating, however, as we see, the results exceeded the expectations.
On her turn, Deputy Minister of Economy Karine Minasyan underlined that the 32nd place is the best result throughout the whole history of independent Armenia.
Armenia improved its indicators for a number of categories, particularly for «Dealing with Construction Permits» (from the 49th the year before to the 46th now), «Getting Electricity» (from 143rd to 101st), «Protecting Investors» (from the 98th to the 25th),
«Paying Taxes» (from 152nd to 108th).
Yet, Armenia's indicators have become poorer on some other topics. In particular, «Starting a Business» (from the 10th place before to the 11th now), «Getting Credit» (from the 38th to the 40th) and «Trading Across Borders» (from the 106th to the 106th).
No changes are recorded for the following categories: «Registering Property» (4th place), «Enforcing Contracts» (the 91st) and «Resolving Insolvency» (the 63rd)
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-