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ARMENIA'S MINISTRY OF ECONOMY EXPLAINS REASONS FOR LOWERED POSITION IN DOING BUSINESS-2014
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--
13:07 29.10.2013
http://arka.am/en/news/economy/armenia_s_ministry_of_economy_explains_reasons_for _lowered_position_in_doing_business_2014/
From: Emil Lazarian | Ararat NewsPress
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--
13:07 29.10.2013
http://arka.am/en/news/economy/armenia_s_ministry_of_economy_explains_reasons_for _lowered_position_in_doing_business_2014/
From: Emil Lazarian | Ararat NewsPress