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AzerNews, Azerbaijan
Sept 23 2004
WB says no suitable business climate in Azerbaijan
The World Bank has published its annual report, "Doing Business in
2005: Removing Obstacles to Growth", which explores business climate
in most countries around the world. 145 countries were evaluated
based on seven key indicators, including conditions for starting a
business, hiring and firing of employees and receiving loans.
According to the mentioned criteria, the countries being assessed
were broken into five groups, with the first in sequence implying
those with most favorable business environment and the last those
with the least favorable business climate.
As for former USSR republics, the Baltic states, Russia, Armenia,
Georgia, Kazakhstan, and Kyrgyzstan were included into the second
group, while Ukraine, Belarus and Azerbaijan the fourth group, which
includes countries with least suitable conditions for business.
Lithuania topped the list of ex-USSR countries, with the 17th place
in the world rating. The world rating list was topped by New Zealand,
USA, Singapore, Hong Kong, and Australia, while closing the list were
India, Egypt, Indonesia, Malaysia, Ecuador and a number of African
countries.
From: Emil Lazarian | Ararat NewsPress
Sept 23 2004
WB says no suitable business climate in Azerbaijan
The World Bank has published its annual report, "Doing Business in
2005: Removing Obstacles to Growth", which explores business climate
in most countries around the world. 145 countries were evaluated
based on seven key indicators, including conditions for starting a
business, hiring and firing of employees and receiving loans.
According to the mentioned criteria, the countries being assessed
were broken into five groups, with the first in sequence implying
those with most favorable business environment and the last those
with the least favorable business climate.
As for former USSR republics, the Baltic states, Russia, Armenia,
Georgia, Kazakhstan, and Kyrgyzstan were included into the second
group, while Ukraine, Belarus and Azerbaijan the fourth group, which
includes countries with least suitable conditions for business.
Lithuania topped the list of ex-USSR countries, with the 17th place
in the world rating. The world rating list was topped by New Zealand,
USA, Singapore, Hong Kong, and Australia, while closing the list were
India, Egypt, Indonesia, Malaysia, Ecuador and a number of African
countries.
From: Emil Lazarian | Ararat NewsPress