Armenia improves its position in Doing Business by 6 points
Armenia improves its position in Doing Business by 6 points, so it ranks 41st in World Bank’s Doing Business rating, while it ranked 47th last year, World Bank Country Manager for Armenia Sylvie Bossoutrot told a news conference today.
According to the World Bank Country Manager, Armenia has become the 8th country in the world in terms of speedy business registration.
Sylvie Bossoutrot informed that according to Doing Business report Armenia has made significant improvements in a number of spheres, including simplification of registration of businesses, protection of investors, simplification of taxation process and implementation of contracts.
He noted that the main reasons of Armenia’s progress are the improvements in business regulations.