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AZG Armenian Daily #171, 08/09/2006
Economy
ARMENIA LEADER IN CIS AS A COUNTRY WITH TROUBLE-FREE CONDITIONS FOR
RUNNING A BUSINESS
It's becoming easier to run a business in all over the world. This was
the conclusion of "Doing Business in 2007" report by the World Bank and
the International Financial Corporation published in Washington. As
a result of 213 reforms in 112 countries during 2005-2006, troubles
connected with implementation of legislative acts and financial
expenses have reduced. This is true for the whole world. What is
the situation in the CIS?
In this sphere neighboring Georgia with a number of reforms behind is
leading the field as well as is the first on the list of 10 countries
where reforms were carried out in doing business. Georgia has improved
its rating in 6 of 10 spheres. Armenia is also among the seriously
reformed states with 4 improvements.
"Doing Business in 2007" includes indices of 175 countries on degree
of simplicity in running a business. Georgia's advancement in this
category by 75 points is rather impressive. Armenia is the first with
among the CIS states being located on 34th place. Georgia follows
on 37, then comes Kazakhstan on 62. Russia is on the 96th place
after which come Ukraine on 128, Belarus on 129, Tajikistan on 133
and Uzbekistan on 147.
Georgia has reduced the amount of needed capital for opening a new
organization from 2000 lari to 200 lari (85 USD). In this period of
time 20 percent more new companies have emerged.
With regard to Armenia, among the factors making doing a business
easier is simultaneous registration of new companies in tax service and
social fund that reduces day of registration to one. Requirements for
starting a business in the sphere of construction have been trimmed
down as well as processes of deeding over the right on assets were
made easier.
By Ara Martirosian
From: Emil Lazarian | Ararat NewsPress
Economy
ARMENIA LEADER IN CIS AS A COUNTRY WITH TROUBLE-FREE CONDITIONS FOR
RUNNING A BUSINESS
It's becoming easier to run a business in all over the world. This was
the conclusion of "Doing Business in 2007" report by the World Bank and
the International Financial Corporation published in Washington. As
a result of 213 reforms in 112 countries during 2005-2006, troubles
connected with implementation of legislative acts and financial
expenses have reduced. This is true for the whole world. What is
the situation in the CIS?
In this sphere neighboring Georgia with a number of reforms behind is
leading the field as well as is the first on the list of 10 countries
where reforms were carried out in doing business. Georgia has improved
its rating in 6 of 10 spheres. Armenia is also among the seriously
reformed states with 4 improvements.
"Doing Business in 2007" includes indices of 175 countries on degree
of simplicity in running a business. Georgia's advancement in this
category by 75 points is rather impressive. Armenia is the first with
among the CIS states being located on 34th place. Georgia follows
on 37, then comes Kazakhstan on 62. Russia is on the 96th place
after which come Ukraine on 128, Belarus on 129, Tajikistan on 133
and Uzbekistan on 147.
Georgia has reduced the amount of needed capital for opening a new
organization from 2000 lari to 200 lari (85 USD). In this period of
time 20 percent more new companies have emerged.
With regard to Armenia, among the factors making doing a business
easier is simultaneous registration of new companies in tax service and
social fund that reduces day of registration to one. Requirements for
starting a business in the sphere of construction have been trimmed
down as well as processes of deeding over the right on assets were
made easier.
By Ara Martirosian
From: Emil Lazarian | Ararat NewsPress