Page 177 - Theoretical and Practical Interpretation of Investment Attractiveness

most favorable conditions for doing business. The last places in the ranking are occupied by:
Equatorial Guinea, Angola, Haiti, Chad, Democratic Republic of the Congo, Central African
Republic, Venezuela (Bolivarian Republic), South Sudan, Libya, Eritrea.
Table 4.3.2
Doing Business 2020: By countries of the former Union
rating indicators
1. Georgia 7th place
2. Lithuania 11th place
3. Estonia 18th place_
4. Latvia 19th place
5. Kazakhstan 2 5th place
6. Russia 28th place
7. Azerbaijan 34th place
8. Armenia 47th place
9. Moldova 4 8th place
10. Bel o Rus 49th place
11. Ukraine 64th place
12. Uzbekistan 69th place
13. Kyrgyzstan 80th place
14. Tajikistan 1st 06th place
15. Turkmenistan Account not supported
Note: The rating was compiled as of May 1, 2019.
The results of the Doing Business ranking of the countries of the former Union are
presented in table 4.3.2. The ranking results influence the economic assessment of the
country, as well as social development. Over the past two reporting years, priority indicators
and the procedure for their accounting have been completely revised. At the same time, the
main attention was focused on: obtaining construction permits, electricity supply, property
registration, and execution of contracts. Regulation of the labor market takes into account
such factors as the quality of labor, the availability of sick leave, work without interruption
from study, and unemployment. The trading methodology has also been revised.
The 2020 report identified 231 reforms aimed at improving the business environment
around the world during 2018-2019. 25 percent of the total number of these reforms occurs
in Europe and Central Asia. Also included in the list of ten countries with the highest
performance in improving the business environment of this region are Saudi Arabia, Jordan,
Togo, Bahrain, Tajikistan, Pakistan, Kuwait, China, India and Nigeria . implemented at least
three reforms and rose in the world rankings.
Explain the effectiveness of measures to further improve the investment climate and
business environment . In the 13th edition of the annual Doing Business 2016: Measuring the
Quality and Effectiveness of Regulation, published by the World Bank and International

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