Iran down in latest "Doing Business" report
Baku, Azerbaijan, Oct. 27
By Umid Niayesh – Trend
The World Bank released its annual Doing Business Report (DB) report, which assessed that Iran’s rank has fallen by 2 steps from last year’s 118 to 120 among 190 countries.
The Doing Business Report (DB) is a study conducted by the World Bank Group since 2003. Every year it aims 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 minority investors, paying taxes, enforcing contracts and resolving insolvency.
In the DB 2017 report, Iran ranks 102 (starting a business), 86 (registering property), 170 (trading across borders), 27(dealing with construction permits), 94 (getting electricity), 101 (getting credit), 165 (protecting minority investors), 100 (paying taxes), 70 (enforcing contracts) and 156 (resolving insolvency).
In the DB 2016 report, Iran’s ranks were 87 (starting a business), 91 (registering property), 167 (trading across borders), 69(dealing with construction permits), 88 (getting electricity), 97 (getting credit), 150 (protecting minority investors), 123 (paying taxes), 62 (enforcing contracts) and 140 (resolving insolvency).
Iran's distance to frontier (DTF) score used to compile the rankings has decreased to 57.26 from 57.44 in the preceding year.
The report covers Iran's capital city of Tehran.
New Zealand topped the list, followed by Singapore, Denmark and Hong Kong while Somalia stood at the bottom of the list after Venezuela, Libya and Eritrea.