Azerbaijan, Baku, Oct. 20 / Trend , N.Ismayilova /
Azerbaijan has improved its position in the Doing Business ranking, as it moved from the 69th position in 2010 to the 66th in 2011- 'Ease of doing business' , the "Doing Business - 2012: In a more transparent world" report reads. The joint report of the World Bank (WB) and International Finance Corporation published on Thursday on the official website of Doing Business.
The study involved 183 countries.
Azerbaijan's rating on 'Starting business' was the 18th position of 183 positions. Based on the report, time needed to register a business in the country is eight days, the number procedures should be passed - six and cost of 2.7 percent of income per capita.
Based on the Azerbaijani State Statistics Committee's data, the nominal income per capita reached 2,409.9 manat in January-September.
Azerbaijan has entered the top ten countries with the most rapid process of registering property, occupying the 9th position. Based on the report, time needed to register property in Azerbaijan is 11 days, the number procedures should be passed - 4 and cost - 0.2 percent of the property value.
Azerbaijan ranked the 48th on 'Getting credit', 24th - 'Protecting investors', 81st - 'Paying taxes' and 25th - 'Enforcing contracts'.