Belarus improves standing in Doing Business 2012 ranking

Belarus has significantly improved its standing in the Doing Business 2012 report made by the World Bank and the International Finance Corporation.

According to the “Doing Business 2012: Doing Business in a More Transparent World”, Belarus has improved its positions in five categories out of ten. Belarus is ranked 79th in the category Protecting Investors vs. 108th position last year (up 29 points). It has moved up the ranking from the 183rd to the 156th position in Paying Taxes (up 27 points), from the 98th to the 82nd in Resolving Insolvency (up 16 points), from the 6th to the 4th position in Registering Property and from the 45th to the 44th position in Dealing with Construction Permits. 

There was no change in rank in the Trading Across Borders category (152nd). 

Belarus’ rank has fallen in four categories, including Enforcing Contracts (from the 11th to the 14th position), Starting a Business (from the 7th to the 9th position), Getting Credit (from the 96th to the 98th position) and Getting Electricity (from the 174th to the 175th position). 

Overall, Belarus is ranked 69th (up 22 points) in the joint report by the World Bank and the International Finance Corporation “Doing Business 2012: Doing Business in a More Transparent World”.

Vladimir Karyagin, the Chairman of the Minsk Union of Entrepreneurs and Employers, noted that besides the World Bank ranking, Belarus seeks to participate in other rankings, including in the competitiveness ranking. 

The business community of Belarus is going to carry out quarterly studies of 500 small and medium-sized companies to measure the business optimism in the industry. The methodology for this research is being developed. “We will feel and test the audience to see how the government’s legislative efforts to promote business growth and enhance the competitiveness of domestic SMEs are enforced.

According to