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Friday, 23 March 2018


Georgia improved positions in the ease of doing business

2009-09-09 15:29

Georgia now ranks 11th on the ease of doing business [from 16th] in the rating prepared by thw World bank and the International Finance Corporation - Business Gruzia.


"Georgia ranks 11th globally on the ease of doing business, by implementing reforms in two areas: dealing with construction permits and trading across borders. Georgia eased the process for dealing with construction permits by introducing a simplified process for obtaining confirmation from utilities, a risk-based approval process for building permits, and new time limits for the occupancy certificate. The documentation requirements for import and export were simplified, and there was a significant decrease in the cost of trade.

Globally, a record 131 of the 183 economies surveyed reformed business regulations between June 2008 and May 2009, according to the report, the seventh in a series of annual reports published by IFC and the World Bank" the message of the WB states.

Georgian experts believe the higher position in the rating will help to lure investors.

Georgia's position is the highest of all the ex-Soviet states. Estonia is 24th , Lithuania - 26th, Latvia - 27th , Azerbaijan - 38th , Kyrgyzstan- 41st [after 7 reforms, from 80th place], Armenia - 43rd [3 reforms, from 50th ], Belarus - 58th [6 directions of reforms, from 82nd ], Kazakhstan - 63rd [previously 64th ], Moldova - 108th [from 122].

Leaders of the rating remained: Singapore, New Zealand, Hongkong, the USA.



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