THE WORLD BANK'S DOING BUSINESS IN 2006
The Ease of Doing Business Index ranks Georgia at 37th place among the 175 countries covered by the “Doing Business in 2006 – Creating Jobs” Report.
Economy |
Ease of Doing Business Ranking |
Caucasus countries |
|
Armenia |
34 |
Georgia |
37 |
Azerbaijan |
99 |
Other CIS countries |
|
Russia |
96 |
Moldova |
103 |
Kazakhstan |
63 |
Ukraine |
128 |
Countries of peer group |
|
Lithuania |
16 |
Latvia |
24 |
Slovak Rep. |
36 |
Poland |
75 |
Global best performers |
|
| Singapore | 1 |
| New Zeland | 2 |
| USA | 3 |
The Doing Business research implemented annually by the
World Bank and International Finance Corporation is the most all-embracing,
including in itself quantitative indicators on business regulations and
their enforcement compared across 175 countries and over time.
The index is calculated as the ranking on the simple average of country
percentile rankings on each of the 10 topics covered by the Doing Business
in 2006. The ranking on each topic is the simple average of the percentile
rankings on its component indicators.
In table below Georgia’s ranking for each of 10 indicators covered
by Doing Business in 2006 along with description of latter’s provided.
Description of Doing Business Indictors and Georgia’s rank
Indicator |
Georgia's rank |
Starting a business |
36 |
| Dealing with licenses • Procedures, time and cost of business inspections and licensing (construction industry) |
42 |
| Hiring and firing workers • Difficulty of hiring index, rigidity of hours of index, difficulty of firing index, hiring cost and firing cost |
6 |
| Registering property • Procedures, time and cost to register commercial real estate |
16 |
| Getting credit • Strength of legal rights index, depth of credit information index |
48 |
| Protecting investors • Indices on the extent of disclosure, extent of director liability and ease of shareholder suits |
135 |
| Paying taxes • Number of taxes paid, hours per year spent preparing tax returns and total tax payable as share of gross profit |
104 |
| Trading across borders • Number of documents, number of signatures and time necessary to export and import |
95 |
| Enforcing contracts • Procedures, time and cost to enforce a debt contract |
32 |
| Closing a business • Time and cost to close down a business, and recovery rate |
86 |
More about Georgia at WB Doing Business 2006
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