Thursday, September 11, 2008

World Bank: Azerbaijan Rank First in Simplifying Business Regulations

The World BankThe World Bank Tuesday released the "Annual Report of the Global Business Environment". Azerbaijan rank first in simplifying business regulations.

Albania was second, followed by Kyrgyzstan and Belarus. This seems that Eastern European and Central Asian countries are leading in in economic reform.

In the 181 countries, the best state of overall business environment is still Singapore. The followed are New Zealand, the United States, Hong Kong, Denmark, Britain, Ireland, Canada and Australia.

One of the authors of the report Penelope Brook said that this year there are 113 economies take 239 commercial reform. This figure is the highest since 2003.

The report is based on 10 indicators. These indicators inspect the impact on the commercial environment from the government.

Originally Posted: China Business Daily
Author: Angulo Fu