In an annual global survey released on Tuesday, the World Bank reported a further, significant improvement of the business environment in Armenia, singling out the areas of tax administration and investor protection.
The bank's "Doing Business 2013" report rates 184 economies of on 11 aspects of government regulation of mainly small and medium-size businesses, including taxation and the ease of starting and closing companies and registering property.
Armenia is 32nd in the latest rankings, up from 50th place it occupied in the previous survey and ahead of most other Soviet republics. It fared better than even some high-income European states such as France and Spain.
Armenian News
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