Russia moved up 11 positions in the global Doing Business rating of the world Bank and the International Finance Corporation, finishing in 40th place. This is evidenced by data released Tuesday the report of the international organizations.
This year, the country was in the ranking to create the most favorable conditions for doing business between Bulgaria and Hungary and ahead of countries such as Belgium, Italy, Greece and Luxembourg. The world Bank noted the progress of Russia, primarily in the spheres of enterprise registration and the contract.
Topped the list of New Zealand, relegating to second place by Singapore, which took the top spot for ten years. The top 10 also includes Denmark, Hong Kong, South Korea, Norway, UK, USA, Sweden and Macedonia.
Recall that in the may Executive orders that the President of the Russian Federation Vladimir Putin signed in 2012, provides that by 2015, Russia should rise in the Doing Business rating to 50th position, and in 2018 on the 20 th. In General, over the past three years Russia has risen to sixty positions.
The rankings of the Doing Business countries are evaluated on the following criteria: starting a business, obtaining construction permits, connecting to electricity, registering property, access to credit, protecting investors, paying taxes, trading across borders, enforcing contracts and resolving bankruptcies.
This year the ranking is published for the fourteenth time and covers 190 countries.
