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Roadmaps to push Russia up in Doing Business rating by 20-20 points

In 2012, Russia rose in the rating by eight positions to 112th place

Photo ITAR-TASS

Photo ITAR-TASS

MOSCOW, April 29 (Itar-Tass) - The implementation of roadmaps will allow Russia to rise in the World Bank’s Doing Business rating by 20-30 positions in 2013, Minister of Economic Development Andrei Belousov said on Monday, April 29.

“The implementation of roadmaps will allow Russia to rise in the World Bank’s Doing Business rating by 20-30 positions,” the minister said.

In 2012, Russia rose in the rating by eight positions to 112th place.

The Doing Business rating has been published by the World Bank since 2005. Experts assess conditions for doing business in 185 countries using several criteria such as starting business, obtaining construction permits, connecting to power networks, registration of property, getting loans, protection of investors’ rights, taxes, contract implementation, international trade, and bankruptcy procedures.

Of the ten criteria, Russia improved performance on four last year. The top five countries remain the same for the second consecutive year: Singapore, Hong Kong, New Zealand, the United States, and Denmark.

In May 2012, President Vladimir Putin, immediately after his inauguration, signed a decree on a long-term economic policy, which instructed the government to ensure that Russia rises in the rating from 120th place in 2011 to 50th in 2015 and 20th in 2018.

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