YEREVAN, October 29. /ARKA/. Armenia’s deputy minister of economy Karine Minasyan explained the reasons for Armenia having dropped in Doing Business 2014 at a press conference Tuesday.
Armenia slid five points down to the 37th place in annual Doing Business-2014 of the World Bank and the International Financial Corporation (IFC). Armenia is between Belgium (36th) and France (38th), but ahead of such countries as Cyprus, Poland, Spain, Luxemburg and Italy.
The position has worsened due to incomplete implementation of government decisions and inclusion of new countries onto the list, as well as to deeper reforms carried out in some countries, Minasyan said.
The regress was recorded due to worsened indicators in getting permits for construction, connection to power supply system and international trade.
Yet, the rating authors recorded Armenia’s progress in payments for business registration and reduction in the number of the required tax reports.
Armenia leads among CIS countries in the rating. In particular, Kazakhstan is the 50th, Belarus is the 63rd, Kyrgyzstan is 68th, Azerbaijan 70th, Moldova 78th, Russia 92nd, Ukraine 112th, Tajikistan 143rd and Uzbekistan 146th.
Best indicators in post-Soviet area are recorded by Georgia (8th place), Lithuania (17th), Estonia (22nd) and Latvia (24th).
The authors of the ranking evaluate doing business in countries for ten criteria. Armenia recorded its best indicators in enterprise registration (6th place) and estate ownership registration (5th place), as well as in protection of investors (22nd) and crediting (42nd).
Armenia was the 76th in insolvency resolution, 79th in getting construction permits, 103rd in taxation, and 109th in getting connected to power supply, 112th in guaranteeing contract execution and 117th in international trade.
Armenia had climbed 18 positions to 32nd place in the previous Doing Business 2013. –0--