Russia moved up 30 places in the ranking of Doing Business

Russia ranked 62 th in the ranking of the World Bank’s Doing Business in 2015, rising to 30 positions. About this “” the reported in the Agency for Strategic Initiatives (ASI).

The World Bank highlighted the reforms undertaken in the Russian Federation in 2013-2014 Indicators “Register of Enterprises” (abolition of mandatory pre-payment of the authorized capital and the need to cancel the notification Inspectorate of the Federal Tax Service of the opening and closing of accounts) and “Registering Property” (remove the need of a notarial assurance documents and reducing the regulatory deadlines for providing public services).

The greatest influence on the overall rating Russia had indicators “Register of Enterprises” (up 54 positions from 88th to 34th), “Credit” (rise by 48 places from 109th to 61th), “Dealing with Construction Permits “(increase of 22 positions from 178th to 152nd). In Minstroy “” the reported that the number of procedures for obtaining building permits in Moscow was reduced from 26 to 21. By 2018, it is planned to reach target of 11 procedures.

At the same time, the rating on indicators deteriorated “Connecting to the electricity system” (down 26 places from 117th to 143rd), “Resolving Insolvency” (down 10 places from 55th to 65th) and ” Enforcing Contracts “(Russia fell by 4 lines from the 10th to the 14th).

ASI director general Andrey Nikitin told “” said investors positively assess Russia compared to states with similar economic situation. So among the BRICS countries of Russia ranked second after South Africa on ease of doing business, a position in the CIS is also strong. “It is important to remember that we started with the 124 th place. In a short time managed to achieve good speakers. Please note that the current rating reflects the changes that have occurred in Russia in the past few years. The current reforms will be incorporated in future ratings,” - said head of the ASI. According to Mr. Nikitin, next Doing Business in Russia will be able to enter the top 50 countries.

In Doing Business 2014 Russian Federation took 92 th place, rising c 124th. The most favorable countries for doing business in the past year were Singapore, Hong Kong, New Zealand, the USA and Denmark.

29 October 2014

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