Armenia Ranks 47 on Doing Business Report
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Armenia ranks at 47 on the World Bank Group’s annual "Doing Business: Reforming to Create Jobs" report compared to 38 in last year’s report. The main reasons behind this change with respect to the previously published ranking are - significant improvements in other economies’ business regulatory environments, methodology refinements and data revisions, Armradio informs.
"Over the course of last year Armenia improved its business regulations as captured by the Doing Business indicators in absolute terms. The country is indeed continuing to narrow the gap with the global regulatory frontier which is a positive development," the reports says.
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