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Time in Yerevan: 11:07,   28 March 2024

Armenia improves its position by 5 points in WB’s “Doing Business” report

Armenia improves its position by 5 points in WB’s “Doing Business” report

YEREVAN, OCTOBER 25, ARMENPRESS. Armenia has 38 points in “Doing Business 2017” report, which is an improve of 5 points compared to previous year’s report, “Armenpress” was informed from the Yerevan Office of the World Bank.

The Europe and Central Asia region was a major reformer during the past year. Europe and Central Asia has consistently been the region with the highest average number of reforms per economy and is now close to having the same good practices in place as the OECD high-income economies.

The regional economies carried out business reforms in the past year, for a total of 57, finds Doing Business 2017: Equal Opportunity for All, released today.

Armenia has eased loan acquiring process by adopting a new law on safety of contracts.  

Belarus, Georgia, Kazakhstan and Serbia are amongst the world’s top 10 improvers.

Former Yugoslav Republic of Macedonia has the best rating in the region with 10 points. Thank to reforms, now two days are required to set a business in the country.

“Europe and Central Asia has consistently been the region with the highest average number of reforms per economy and it is moving towards having the same good practices in place as the high-income economies,” said Rita Ramalho, Manager of the Doing Business project.:








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