ARMENIA LEADER IN CIS AS A COUNTRY WITH TROUBLE-FREE CONDITIONS FOR RUNNING A BUSINESS
8 Sept. 2006
Azg
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
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.
Azg
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
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 9:28 AM
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