According to the Minister of Economics of Georgia George Kvirikashvili, the country’s position in the World Bank’s Doing Business has slightly decreased, but it is not alarming.
“The calculation methodology, as well as some criteria, was changed that predetermined Georgia’s insignificant downgrade. In general, the country occupies the same positions as last year. It is also necessary to note that we have to adopt a number of laws within the Association Agreement with the EU, and it must be said directly that it will worsen our positions a little in Doing Business index as well as in many other ratings. It is a natural process,” – George Kvirikashvili states.
Georgia took the 15th place in the rating assessing the comfort of doing business in the world (in 2013 it was ranked 14th). Such data are provided in the “Doing Business 2015” report published by the World Bank (WB) and the International Finance Corporation (IFC).
In the “Doing Business 2015” report’s certain categories Georgia occupied the following positions:starting a business – 5th place (in 2013 – 4th), dealing with construction permits – 3rd place (3rd place), registering property – 1st place (1st place), getting credit – 7th (5th place), protectinginvestors – 43rd (43rd ), taxes – 38th place (22nd place), trading across borders – 33rd place (31st),enforcing contracts – 23rd place (23rd place), closing a business – 22nd (130), getting an electricity connection – 37th place (36th).