Armenia climbs six notches in WB Doing Business 2019
01.11.2018,
13:34
Armenia is ranked 41st in the World Bank’s Doing Business 2019.
YEREVAN, November 1. /ARKA/. Armenia is ranked 41st in the World Bank’s Doing Business 2019.
Sylvie Bossoutrot, Country Manager of the World Bank for Armenia, speaking Wednesday at a press conference in Yerevan, said Armenia went six notches up, compared with the previous year, when it ranked 47th.
Armenia stands between Slovenia (the 40th rank) and Slovakia (the 42nd rank). It outdid Turkey (the 43rd rank), Moldova (47), Kyrgyzstan (70), Ukraine (71), Uzbekistan (76) and Tajikistan (126), but it is left behind Georgia (6), Azerbaijan (25), Kazakhstan (28), Russia (31) and Belarus (37).
Sylvie Bossoutrot said that Armenia has improved some indicators, including the easy business doing indicator, which rose 2.06 notches to 75.37.
Armenia has its highest result on the business launch indicator – 8th rank.
Bossoutrot said that Armenia has facilitated registration of companies, and this has improved the indicator and reduced business registration time from 4.5 to 3.5 days.
She also pointed out a number of indicators improved, compared with the previous year.
Speaking about other categories, where Armenia improved indicators, but where are still some faults so far, Bossoutrot singled out permission for construction (the 98th rank), immovable property registration (14) and bankruptcy recognition (95).
Only two indicators remained unchanged, compared with the previous report – the intra-board trade (44) and loan reception (46).
Tigran Khachatryan, acting economic development and investments minister, on his side, said that despite the achieved progress, the government will continue its efforts to improve the indicators.
He voiced intention to improve the country’s ranks on all the indicators related to regulation to higher than median level and to have Armenia among at least the top ten countries in the ranking.
The ranking is topped by New Zealand, Singapore and Denmark, and Somaly is in the very tail of the raking. --0---
Sylvie Bossoutrot, Country Manager of the World Bank for Armenia, speaking Wednesday at a press conference in Yerevan, said Armenia went six notches up, compared with the previous year, when it ranked 47th.
Armenia stands between Slovenia (the 40th rank) and Slovakia (the 42nd rank). It outdid Turkey (the 43rd rank), Moldova (47), Kyrgyzstan (70), Ukraine (71), Uzbekistan (76) and Tajikistan (126), but it is left behind Georgia (6), Azerbaijan (25), Kazakhstan (28), Russia (31) and Belarus (37).
Sylvie Bossoutrot said that Armenia has improved some indicators, including the easy business doing indicator, which rose 2.06 notches to 75.37.
Armenia has its highest result on the business launch indicator – 8th rank.
Bossoutrot said that Armenia has facilitated registration of companies, and this has improved the indicator and reduced business registration time from 4.5 to 3.5 days.
She also pointed out a number of indicators improved, compared with the previous year.
Speaking about other categories, where Armenia improved indicators, but where are still some faults so far, Bossoutrot singled out permission for construction (the 98th rank), immovable property registration (14) and bankruptcy recognition (95).
Only two indicators remained unchanged, compared with the previous report – the intra-board trade (44) and loan reception (46).
Tigran Khachatryan, acting economic development and investments minister, on his side, said that despite the achieved progress, the government will continue its efforts to improve the indicators.
He voiced intention to improve the country’s ranks on all the indicators related to regulation to higher than median level and to have Armenia among at least the top ten countries in the ranking.
The ranking is topped by New Zealand, Singapore and Denmark, and Somaly is in the very tail of the raking. --0---
