Home / Economy / Ministry of Economics: Georgia’s Positions in Doing Business Rating Slightly Declined

Ministry of Economics: Georgia’s Positions in Doing Business Rating Slightly Declined

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).