Doing Business 2018 - Georgia among world’s top ten
Publish Time: 2017-11-01 12:08:00
Doing Business 2018: Reforming to Create Jobs ranks Georgia on 9th place among world's 190 countries, highest in Europe and Central Asia. Georgia’s score improved by 2.12 points to make up 82.04 points, and the country has advanced from 16th to 9th place. Compared to 2017, in 2018 Georgia surpassed countries like Sweden, Macedonia, Estonia, Finland, Australia, Taiwan (China), and Latvia. Georgia remains exceptional in Europe and Central Asia as a country that has taken important steps toward better and more effective regulations. Country’s success in the World Bank’s rankings has been predetermined by the Government’s effective and coordinated work. The Government of Georgia has implemented, and continues to implement, reforms that further advance Georgia’s position in the World Bank’s ratings for next year. Notably, Georgia’s positions have improved in 5 indicators:• Starting a business: 4th place (8th in 2017)• Getting electricity: 30th place (39th in 2017)• Protecting minority investors: 2nd place (7th in 2017)• Enforcing contracts: 7th place (16th in 2017)• Resolving insolvency: 57th place (106th in 2017)Compared to the 2013 Doing Business Report (which was published in 2012), Georgia’s positions have improved in the following 6 indicators:• Starting a business: 4th place (7th in 2013)• Getting electricity: 30th place (50th in 2013)• Protecting minority investors: 2nd place (19th in 2013)• Paying taxes: 22nd place (33rd in 2013)• Enforcing contracts: 7th place (30th in 2013)• Resolving insolvency: 57th place (81st in 2013)The 2013 report ranked Georgia 9th. It should be noted, however, that Doing Business changed its methodology after 2013 (qualitative indicators were added to simplicity and speed indicators) and recalculated the results of the previous years. Georgia’s 9th place according to the 2013 report now equaled 23rd. Accordingly,
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