DUSHANBE, October 29, 204, Asia-Plus — Tajikistan has improved its position
in
Doing Business 2015
by eleven places to the 166th spot.
Doing Business 2015: Going Beyond Efficiency
that was released by the World Bank on October 29, in particular, finds that entrepreneurs in 123 economies saw improvements in their local regulatory framework last year. Between June 2013 and June 2014, the report, which measures 189 economies worldwide, documented 230 business reforms, with 145 reforms aimed at reducing the complexity and cost of complying with business regulation, and 85 reforms aimed at strengthening legal institutions.
Tajikistan alongside Benin, Togo, Cote d’Ivoire, Senegal, Trinidad and Tobago, the Democratic Republic of Congo, Azerbaijan, Ireland and the United Arab Emirates is among the economies that improved the most in 2013/2014 in areas tracked by
Doing Business
. The report notes that together, these 10 top improvers implemented 40 regulatory reforms making it easier to do business.
Twelfth in a series of annual reports comparing business regulation in 189 economies,
Doing Business 2015
measures regulations affecting 11 areas of everyday business activity: starting a business; dealing with construction permits; getting electricity; registering property; getting credit; protecting minority investors; paying taxes; trading across borders; enforcing contracts; resolving insolvency; and labor regulations.
In the ranking of 189 economies, Tajikistan reportedly stands at 106 on the ease of starting a business, at 168 on the ease of dealing with construction permits, at 178 on the ease of getting electricity, at 70 on the ease of registering property, and at 149 on the ease of resolving insolvency.
This year”s report updates all indicators as of June 1, 2014, ranks economies on their overall ”ease of doing business”, and analyzes reforms to business regulation – identifying which economies are strengthening their business environment the most.
Doing Business
illustrates how reforms in business regulations are being used to analyze economic outcomes for domestic entrepreneurs and for the wider economy. It is a flagship product produced in partnership by the World Bank and IFC that garners worldwide attention on regulatory barriers to entrepreneurship. More than 60 economies have used the Doing Business indicators to shape reform agendas and monitor improvements on the ground. In addition, the Doing Business data has generated over 870 articles in peer-reviewed academic journals since its inception.
