Iran rank improves by 2 step at World Bank’s report
Tehran, Iran, Nov. 1
By Milad Fashtami - Trend:
The World Bank released its "Doing Business - 2015" report for 189 countries, in which Iran stood at the 130th place.
Iran's rank showed a two-step improvement compared to previous report.
Singapore, New Zealand, Hong Kong Special Administrative Region of China, Denmark, Korea Republic, Norway, the United States, The United Kingdom, Finland, and Australia are the top ten countries in the list.
According to the World Bank, economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. The rankings are determined by sorting the aggregate distance to frontier scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. The rankings for all economies are benchmarked to June 2014.
Iran showed progress in four sections in the mentioned period. Starting a business, getting electricity, trading across borders, and enforcing contracts are the mentioned sections.
The country, however, showed negative performance in the fields of dealing with construction permits, registering property, getting credit, protecting minority investors, paying taxes, and resolving insolvency.