Infrastructure

Infrastructure

Azerbaijanâ€™s rank in Doing Business-2010 affected by Dealing with Construction Permits

10 September 2009 15:18 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Azerbaijanâ€™s rank in Doing Business-2010 was for the most part affected by Dealing with Construction Permits, one of the indicators by which Doing Business ranks countries, said Svetlana Bagaudinova, a coauthor of Doing Business 2010: Reforming through Difficult Times, the seventh in a series of annual reports published by IFC and the World Bank.

She added that Azerbaijanâ€™s current position was supported by its high rank in Trading Across Borders and Getting Credit.

According to her, Azerbaijan holds one of the leading ranks in the ranking, especially because of the introduction of a single window for business registration (Trading Across Borders) and ease of credit access (Getting Credit).

She expressed hope that Azerbaijan will go ahead with reforms and will further climb up in the next report.
Azerbaijan, a top reformer in the previous report, slipped 5 notches in Doing Business 2010: Reforming through Difficult Times, the seventh in a series of annual reports published by IFC and the World Bank.
Azerbaijan ranks 38th now while it jumped to 33 on the list from 97 last year after having completed 7 out of 10 regulatory reforms by which Doing Business ranks countries.

The rankings of 183 countries are based on analysis of regulations of business start-up and operations, trading across borders, paying taxes, and closing a business.

Doing Business analyzes regulations affecting the life cycle of a domestic, small to medium-size firm: from business start-up and operations, to trading across borders, paying taxes, and closure.

In the new report, for Starting a Business, Azerbaijan ranked 17th (13th last year), Dealing with Construction Permits 158th (155), Employing Workers 33rd (15), Registering Property 9th (9), Getting Credit 15th (12), Protecting Investors 20th (18), Paying Taxes 108th (102), Trading Across Borders 177th (174), Enforcing Contracts 26th (26), Closing a Business 84th (81).
That is more than 70 percent of the 183 economies covered by the reportâ€” the largest share in any year since the annual report was first published in 2004. And this progress came against the backdrop of a global economic crisis.
For the first time, an African country, Rwanda, is the World Bank’s biggest business reformer, while Singapore leads overall world rankings for the fourth straight year as the easiest place to do business.
Other leading reformers were Kyrgyzstan, Macedonia, Belarus, United Arab Emirates, Moldova, Colombia, Tajikistan, Egypt and Liberia.