Russia up 9 places in Doing Business to 112th place.

By bne IntelliNews October 24, 2012
Russia was ranked 112th out of 185 counties surveyed in World Banks latest Doing Business survey, inching up 9 ranks from 120th position. The pace of the upgrade is perhaps too slow for the governments goal of hitting 50th place by 2015 and 20th by 2018, but EconMin is hopeful that there is a lot of space for fast improvement. Improvement in Russias position was due to taxation reforms (jumping from 105th to 64th place) and ease of getting construction permits. In such areas as access to electric grid, crediting and investors protection Russias results remained very unsatisfactory with 185th, 104th and 117th ranks, respectively. EconMin expects notable progress already in 2013 when road maps in such areas as construction, customs procedures and grid connection are planned to be realized. At the same time lack of funding, investor and property rights protection seem to be the spheres in which the government is less likely to reach notable progress fast without deep structural reforms.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Russias participation in Cyprus bail-out under question.

As Cyprus is trying to come up with new ways to raise EUR 5.8bn needed to secure the financing from ECB, EC, and IMF, Russia's participation in the package is not clear. According to the latest ... more

Fitch: Russian banks risks in Cyprus limited.

Fitch Ratings believes that resolution of the Cyprus crisis with a deposit levy or some other form of burden sharing involving creditors is unlikely to result in material losses for Russian ... more

Sources: Russia could triple oil exports to China.

Russia and China discuss contracts that would triple exports of Siberian oil through various transport corridors, Reuters reports citing unnamed sources in the industry. Rosneft is discussing ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    4 days ago
  2. Saudi Arabia to scale back plans for Neom city
    7 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    4 days ago
  4. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  5. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    5 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    18 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    22 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    27 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    20 days ago

Reports

Dismiss