Russia moves up 4 places in World Bank’s Ease of Doing Business ratings 01.02.2019

Russia moves up 4 places in World Bank’s Ease of Doing Business ratings

Russia has captured 31st place in the World Bank’s 2019 Ease of Doing Business ratings.   This achievement, four places above 2018,  marks a continuing trend of steady improvement over recent years.  It places the country just below Spain and just above France as a place to do business.

New Zealand has retained the top spot for the third year running, ahead Singapore, Denmark and Hong Kong. Georgia in 6th place, was the highest place European/Central Asian country after Denmark. 

190 economies were compared on the basis of the ease of a number of aspects of doing business including registering a company, opening a bank account and obtaining permission to carry out various activities amongst other things.

Reforms to the procedures for obtaining construction permits, connecting electricity,  tax and international trade have contributed to Russia improved performance.  The World Bank identifies Russia's strong point as the registration of property (12th place in the rating).  Weak points include international trade (99th place) and protection of minority investors (57th place).

This year the World Bank has looked at 30 individual cities within Russia and also ranked them for ease of business on the basis of four primary criteria.  The top performing city was Ulyanovsk followed by Saransk and Vladikavkaz.  At the other end of the rankings the worst city for doing business was Moscow closely followed by Novosibirsk and Yakutsk.

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