Yerevan/Mediamax/. Armenia has significantly improved its position by 18 points in Doing Business 2013 report published today by the World Bank, reaching the 32d position among 185 countries.

Armenia has moved up by 4 points on 10 criteria defining the final ranking: dealing for construction permits- 3  points (46th position); getting electricity – 42 points (101st position) protecting investors – 73 points (25th position); paying taxes- 44 points (108th position).

Regress is registered in 3 areas: starting a business – 1 point (11th position);  getting credits – 2 points (40th position) and trading across borders – 1 point (107th position).

The rest of criteria remain unchanged against last year: registering property – 4th position; enforcing contracts – 91st position and resolving insolvency – 63d position.

Despite the progress, paying taxes and trading across borders remain Armenia’s weak sides (108th and 107th places correspondingly).

In Doing Business 2013, Armenia is ranked between Belgium and Netherlands. Neighboring Georgia is in the top ten of leaders this year occupying the 9th position, whereas Azerbaijan is the 67th.

The three leaders in the ranking are Singapore, Hong Kong and New Zealand.

The report on Armenia is available here. The whole report is available here.