Russia moved up three positions in the rating Doing Business-2016

Russia moved up three positions in the rating Doing Business-2016

The Russian Federation is now 51st in the world ranking on creating the most favorable conditions for doing business, lying between Peru and Moldova. Leading the list of the world Bank for the tenth consecutive year, Singapore.

MOSCOW, 27 Jan. Russia moved up three positions in the rating Doing Business-2016 world Bank (WB) and International Finance Corporation (IFC) and took the 51st place, between Peru and Moldova, according to the report of international organizations.

The report “Doing business” is made for the thirteenth time and covers 189 countries. He explores the regulations that promote or impede business development in the entire activity cycle, including the establishment of the enterprise, doing business, foreign trade, tax payment, and the level of investor protection.

Heads the world ranking on creating the most favorable conditions for doing business for the tenth consecutive year Singapore. In addition to his top ten ranking are New Zealand, Denmark, South Korea, Hong Kong, UK, USA, Sweden, Norway, Finland.

The new technique

This year the method of calculating the rating was adjusted in accordance with last year’s rating, according to which the Russian Federation was ranked 62nd place, losing relevance, said study co-author Valentina Saltane.

“We counted this year in Russia, five reforms in the areas of establishing enterprises, registering property, getting credit, taxation, connection to electricity. This, of course, had a positive impact on the rating. We also widened the scale of four of our indicators, which also had a positive impact on the rating,” said the Sultan.

She added that was also mutated one of the indicators is international trade. This has a negative impact on performance of Russia, which on this point has been 170 th place out of 189 countries in the world.

This year the study has been added to the index on the quality of receiving a construction permit and on this point Russia has 14 points out of maximum 15. “We have also added the index, which measures the quality of the power supply system, and by this index the country a score of 8 out 8. We have included an index of the quality of contract enforcement. There Russia has a 12.5 out of a maximum 18 points,” — said the expert.

On property registration was added as a new quality index, which is the maximum you can score 30 points, and Russia received 26, which is also very positive, she continued.

The President of Russia Vladimir Putin in his may decrees of 2012 instructed the government to take measures aimed at improving Russia’s position in world Bank ranking on business conditions with 120-th position calculated in 2011 to 50th in 2015 and up to 20th in 2018.

Currently the Russian government approved nine road maps, which include the 520 events.

“Historic data shows that countries that actively pursued reforms from year to year, achieved very good results. Russia now the main thing not to miss the rhythm of reforms… if active growth reforms will continue, will improve the business climate for small and medium enterprises in the country, then of course it will be reflected in our report,” said the Sultan.

From post-Soviet countries the leading position is occupied by Estonia (16th place), followed by Lithuania (20 th place), Latvia (22nd), Georgia (24th place). Followed by Armenia (35th place), Kazakhstan (41-e a place), Belarus (44 th place).

Below Russia according to the ranking are Moldova (52nd place). Azerbaijan (63rd place), Kyrgyzstan (67), Ukraine (83rd place) and Tajikistan (132-th place).

The situation in the world

In the report “Doing business” notes that over the past year, more than 60% of countries worldwide have improved business regulation.

The Europe and Central Asia this year has been a leader in reforming the business environment, including Cyprus, Uzbekistan and Kazakhstan, which are part of the ten world leaders in its reform. In the region the world’s highest proportion of countries being active reformers, as well as the largest average number of regulatory reforms per country.

In South Asia, six out of eight countries in the region spent a total of nine reforms — second after Europe and Central Asia the indicator on the share of the countries-reformers in the region. Among the countries that have carried out some reforms, includes India, Bhutan and Sri Lanka. Leader region in the world ranking is Bhutan, which is 71 position.

The high pace of reform has shown, and region East Asia and the Pacific. More than half of the 25 countries in the region spent a total of 27 reforms in the past year. The region also has four of the five countries with the best performance globally, including Singapore.

“In the Middle East and North Africa reform efforts has also increased, from 21 reform implemented in 11 of the 20 countries in the region. In a number of countries that implemented one or more reforms that include United Arab Emirates, Morocco, Tunisia and Algeria. Leader region in the world ranking are the United Arab Emirates, which occupy the 31st position,” the report notes.

The region of Latin America and the Caribbean had fewer reforms. Less than half of the 32 countries in the region implemented a total of 24 reforms. Costa Rica and Jamaica are among the ten world leaders to improve the business environment. The region’s leader in the world rankings is Mexico, which occupies position 38.

“It is gratifying to see that so many countries, especially low-income and fragile countries have made efforts to improve the business environment for local entrepreneurs. Over time this can lead to an increase in the number of jobs, economic growth and the welfare of the people”, says Rita Ramalho, Manager of the project “Doing business”, whose words are included in the report.