Armenia 18 positions up in Doing Business-2013 report

Armenia has advanced 18 positions in the World Bank’s Doing Business-2013 report, and currently ranks 32nd, First Deputy Minister of Economy Karine Minasyan said at the sitting of the Information Technologies Development Support Council held at Synopsis Armenia Company. This is the best standing in the history of our country.

“We have registered unprecedented improvement over the past year. We rank 32nd among 184 countries. Of course, this is a good indicator, but there is still room for progress, and our work should be targeted at further improvement of Armenia’s standing,” Prime Minister Tigran Sargsyan said.

According to Karine Minasyan, the progress is conditioned by the serious reforms in the fields of protection of investments, interests of small businesses and others.

Armenia registered the greatest progress in the following fields: protecting investors (+73 positions), paying taxes (+44), dealing with construction permits (+3) and getting electricity (+42).

Thus, Armenia’s indices are the best among CIS countries. Ukraine has advanced 15 position,Uzbekistan– 8, Kazakhstan– 7, Tajikistan-6, Georgia and Moldova have progressed three positions each. Azerbaijan lost one position as compared to last year.

Armenia is the second among the countries of the region after Georgia, which ranks 9th. Azerbaijan is 67th, Turkey and Iran rank 71st and 145th respectively.

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