Russia Ranks with Ethiopia in Biz Rating
Singapore is the best place in the world to do business in, live is improving fastest for the businessmen of Egypt, and Russia ranks 106th out of 178 in the World Bank – International Finance Corp. “Doing Business 2008” report's integrated “comfort” rating, down from 96th out of 175 last year. The report's conclusions are largely based on conditions in Moscow. Rating leaders, after Singapore, are New Zealand, the United States, Canada, Hong Kong and Great Britain. Leading reformers, after Egypt, are Croatia, Ghana, Macedonia, Colombia, Saudi Arabia, Kenya, China and Bulgaria.
Russia finds itself in the company of Ethiopia, Nigeria, Argentina, Belarus and Bangladesh in the ratings, which are based on ten parameters. Those parameters are formal barriers to doing business, as the authors of the report have strived to avoid subjective evaluation and the scandals associated with rankings of that nature. An example of the latter is the World Bank Institute's finding that the quality of state management in Russia and a number of other countries had not changed in the last ten years, which elicited negative reactions from Chinese authorities and the Russian Foreign Ministry.
The report noted that reforms were carried out in 98 countries in the last year. Russia was praised for the initiation of credit bureaus, while new construction permit procedures in Moscow got mixed reviews.
www.kommersant.com
All the Article in Russian as of Sep. 26, 2007
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