Azernews.Az

Azerbaijan remains among the top 10 countries with the best track record in the field of the registration of property rights, according to the annual World Bank (WB) and International Finance Corporation (IFC) ranking 'Doing Business - 2013'.

The report was published Tuesday on the Doing Business website.

According to this indicator, Azerbaijan ranks ninth among the 185 countries covered by the rating.

Compared with last year's results, Azerbaijan has achieved the success in such subheadings as the tax administration (76th place against 79th last year) and the resolution of insolvency (95th against 99th). In general, Azerbaijan holds 67th position in the ranking.

Azerbaijan's rating was formed from the following indicators: business registration - 18th place, taxation - 76th , International trade - 169th , property - ninth, building permits - 177th , credit - 53rd , the resolution of insolvency - 95th , enforcement of contracts - 25th , defense of investors' rights - 25th and connection to the electricity system - 175th .

The world ranking on the creation of the most favorable conditions for doing business is headed by Singapore for the seventh time. In addition, Hong Kong, New Zealand, the U.S., Denmark, Norway, the United Kingdom, the Republic of Korea, Georgia and Australia are in the top 10. Poland, Sri Lanka, Ukraine, Uzbekistan, Burundi, Costa Rica, Mongolia, Greece, Serbia and Kazakhstan have demonstrated the greatest progress in simplifying their business environment over the past year.

Georgia retains a leading position (9th place) among the post-Soviet countries, followed by Estonia (21st), Latvia (25th), Lithuania (27th), Kazakhstan (49th), Belarus (58th), Azerbaijan (67th), Kyrgyzstan (70th), Moldova (83rd), Russia (112th), Ukraine (137th), Tajikistan (141st) and Uzbekistan (154th).

Eastern Europe and Central Asian countries are ahead of East Asia and the Pacific region countries in the rating. This means the region has become the second in the world to create the most favorable environment for business after the OECD high income countries.

The report 'Doing Business - 2013' investigates regulations that favor or hinder the development of business during the entire cycle of activities, including the creation of a company, doing business, the implementation of foreign trade, taxes and the level of investor protection.