Azerbaijan improves position in WB

  28 October 2015    Read: 1152
Azerbaijan improves position in WB
Azerbaijan has improved its position in the Doing Business-2016 annual ranking of the World Bank (WB) and the International Finance Corporation (IFC) by 17 points, said the report "Doing Business 2016: Measuring Regulatory Quality and Efficiency" published Oct.28.
A new method of calculation referred to as “the principle of distance to frontier score” (this measure shows how close each economy is to global best practices in business regulation) was used when compiling the rating, Baku office of the World Bank told Trend.

Taking into account the updating of indicators, Azerbaijan took the 63rd place in 2015, as in 2014, said the report. According to the new methodology, last year`s figure of Azerbaijan distance was 66.65 points, this year the figure is 67.8 points, the authors of the report said.

The report “Doing Business 2016” is being compiled for already the 13th time and covers 189 countries. It examines regulations norms that favor or impede the development of business during the whole cycle of their activities, including the creation of the enterprise, doing business, the implementation of foreign trade, payment of taxes, as well as the level of investor rights’ protection.

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