Uzbekistan maintains position in Doing Business 2011
Azerbaijan, Baku, Nov.4 / Trend, A.Yusifzade /
Uzbekistan ranked 150th this year in the global ranking of countries by improving entrepreneurial conditions. The report was compiled by the World Bank and the International Finance Corporation under the titled, "Doing Business 2011: Making a Difference for Entrepreneurs." The country ranked the same position in Doing Business 2010.
The research involved 183 countries.
In the ranking for receiving construction permits, Uzbekistan ranked 145th with a 274 -day term and 28 procedures.
An individual only needs to pass 12 procedures to register property in Uzbekistan, which cost a total of 1.2 percent of the property cost. The procedures take only 78 days.
Uzbekistan's "starting a business" rating was 106th. According to the report, 15 days are needed to register a business through seven procedures at a cost of 11.9 percent of the income per capita with the minimum capital 0.8 percent of income per capita.
In terms of receiving loans, the country ranked 138th. The Doing Business report states that Uzbekistan ranked 132nd in terms of protecting investors, while the country held the 154th position in terms of tax payments.
In terms of ensuring contract execution, Uzbekistan ranked 44th with the term of ensuring contract execution at 195 days and 42 procedures.