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Belarus is 58 among 185 countries in Doing Business-2013 ranking

Researches
16:03 | 23.10.2012 | Business-News
The most improvement was made in paying taxes.

Belarus was 60 in last ranking of "Doing Business-2012" according to corrected methodology. Thus, the country enhanced its positions and advanced in the global ranking by 2 positions.

 

The authors of Doing Business report, experts of the World Bank and International Finance Corporation, notes that in the last year Belarus enhanced its position in "Paying Taxes", made tax compliance easier and less costly for companies due to reduction of profit tax and by simplifying filing forms and by  investing in electronic systems that make it easier to file and pay taxes.  

 

Procedures of resolving insolvency in Belarus were also improved: procedures of sale of debtor’s estate to pay debts to creditors were improved.

 

At the same time, experts of the World Band and International Finance Corporation states that the procedure of starting business in Belarus became more complicated due to increased cost of business registration formalities and increased cost of company’s seal receiving.

 

In 10 key indicators on business regulations and protection of property rights Belarus achieved following positions according "Doing Business-2013":

"Starting a business" – 9 (9 position in the last year’s ranking taking into account corrections), "Registering property " – 3 (3), "Trading across borders " – 151 (154), "Dealing with construction permits" – 30 (42), "Getting credit" – 104 (97), "Enforcing contracts" – 13 (14), "Getting electricity" – 171 (173), "Protecting investors" – 82 (79), "Resolving insolvency" – 56 (42), "Paying taxes" – 129 (158).

 

The Doing Business report of the World Bank and International Finance Corporation also notes that Belarus are among 3 countries – leaders in reforming of their business environment (after Georgia and Rwanda)  between 2005 and 2012.

 

At the same time, the task that the President of the Republic of Belarus set to the Government in 2008 (this task is to join the top 30 countries with the best conditions of doing business) has not been achieved yet.

 

As for the Belarus neighboring countries, Latvia (25) and Lithuania (27) achieved the best ranks in the ranking of "Doing Business-2012". According to the estimates of experts of the World Bank and International Finance Corporation, Poland which achieved the most “considerable improving of ease of doing business" last year, is at 55 position.

 

Russia and Ukraine are not among the 100 first countries; their ranks are 112 and 137 respectively. Kazakhstan, Belarus’s partner in the Customs Union, enters the top-50, its rank is 49.

 

Singapore is the leader of the ranking during seven years.

 

Hong-Kong, New Zealand, USA, Denmark, Norway, Great Britain, the Republic of Korea, Georgia and Australia are the top 10 countries with the most favorable conditions of business regulations and the protection of property rights.

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