BAKU, Azerbaijan, October 24
By Tamilla Mammadova – Trend
Georgia ranked 7th place in the Doing Business 2020 rating among the 190 countries covered by the World Bank's annual report, Trend reports with reference to the report.
Compared to the previous year, Georgia’s ranking has been worsened by one position, as the country ranked sixth in the 2019 report.
The World Bank attached Georgia 83.7 scores, making it ranked seventh. The scores of country improved by 0.2 points compared to the previous year.
The countries are measured by 10 indicators. Georgia’s scores in five of them have been improved this year and five remained unchanged.
Georgia has the best performance in terms of Starting a Business. In this respect, the country ranks second in the world; ahead is only New Zealand. It occupies fifth in the Registering Property and ranks seventh in terms of Protecting Minority Investors.
The Doing Business 2020 report commends Georgia for dealing with construction permits, an effort which improved building quality control by increasing public access to information.
Furthermore, the report points to Georgia in terms of the economy establishing best regulatory performance on a number of the indicators it measures, including number of procedures to start a business, number of procedures and time required to register property and others. The very strong ranking reflects the country’s continued efforts and Georgia's being one of only five countries globally to have been featured on the list of top 10 improvers over three consecutive cycles.
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