World Bank Report Ranks Armenia Ahead Of CIS Countries In Terms Of Ease-Of-Doing-Business Index
www.armeniadiaspora.com
Washington, D.C., September 13, Armenpress: According to a new report, "Doing Business in 2006: CIS Economies Pick up the Pace of Reform," issued by the World Bank and International Finance Corporation on September 12, the economies of the Commonwealth of Independent States (CIS) are increasing the pace of reform to help small and medium businesses generate more jobs-with Georgia among the top global reformers. But it also said that reformers in the region lag behind their Eastern European neighbors, and heavy legal burdens on business remain in most countries.
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With regard to Armenia, it says the government introduced case management into courts, streamlining contract enforcement, increased the flexibility of employment law and established public credit registries. [...].
[...] in terms of the report's ease-of-doing-business index, Armenia ranked at 46, Russia at 79, Moldova at 83, Kyrgyz Republic at 84, Kazakhstan at 86, Azerbaijan at 98, Georgia at 100, Belarus at 106, Ukraine at 124, and Uzbekistan at 138.[...].
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Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.
Washington, D.C., September 13, Armenpress: According to a new report, "Doing Business in 2006: CIS Economies Pick up the Pace of Reform," issued by the World Bank and International Finance Corporation on September 12, the economies of the Commonwealth of Independent States (CIS) are increasing the pace of reform to help small and medium businesses generate more jobs-with Georgia among the top global reformers. But it also said that reformers in the region lag behind their Eastern European neighbors, and heavy legal burdens on business remain in most countries.
[...]
With regard to Armenia, it says the government introduced case management into courts, streamlining contract enforcement, increased the flexibility of employment law and established public credit registries. [...].
[...] in terms of the report's ease-of-doing-business index, Armenia ranked at 46, Russia at 79, Moldova at 83, Kyrgyz Republic at 84, Kazakhstan at 86, Azerbaijan at 98, Georgia at 100, Belarus at 106, Ukraine at 124, and Uzbekistan at 138.[...].
[...]
Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.
posted by Vahe Balabanian at 6:51 AM
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