World Bank: Iran ranks 152 in terms of doing business
Azerbaijan, Baku, Oct. 29 /Trend, N. Umid
The World Bank released its annual report on October 29, which assessed that Iran has fallen from 145 to 152 among 189 countries in terms of the ease of doing business (DB) there, compared to last year.
Comparing 2011, Iran's rank has fallen by 1 step from 144 to 145.
The Doing Business Report (DB) is a study elaborated by the World Bank Group since 2004 every year that is aimed to measure the costs to firms of business regulations in countries.
The DB index focuses on 10 figures including starting a business, registering property, trading across borders, dealing with construction permits, getting electricity, getting credit, protecting investors, paying taxes, enforcing contracts and resolving insolvency.
In the DB 2014 report, Iran ranks 107 (starting a business), 168 (registering property), 153 (trading across borders), 169(dealing with construction permits), 169 (getting electricity), 86 (getting credit), 147 (protecting investors), 139 (paying taxes), 51 (enforcing contracts) and 129 (resolving insolvency).
Singapore topped the list, followed by Hong Kong, New Zealand and the US. Chad has stood at the bottom of the list.