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Azerbaijan Remains Among Top 10 Countries in the Property Rights Field

According to the annual World Bank (WB) and International Finance Corporation (IFC) ranking 'Doing Business – 2013,' Azerbaijan remains among the top 10 countries with the best situation in the field of property rights registration.

The report was published this month on the official 'Doing Business' website, and shows Azerbaijan holding the 67th position overall in the global ranking.

Ranking ninth in the property rights registration field, Azerbaijan also achieved solid results compared to last year's ranking. In tax administration, Azerbaijan climbed three spots (from 79th to 76th) and rose four spots (from 99th to 95th) in the insolvency resolution ranking.

In other rankings, Azerbaijan scored the 18th place in business registration, 25th place in building permits, 25th place in defense of investors' rights and 76th place in taxation, among others.

At the international level, the leader in creating the most favorable business environment overall was Singapore, which has held the title for seven straight years. In addition, Hong Kong, New Zealand, the United States, Denmark, Norway, the United Kingdom, the Republic of Korea, Georgia and Australia are in the top 10.

Meanwhile, Poland, Sri Lanka, Ukraine, Uzbekistan, Burundi, Costa Rica, Mongolia, Greece, Serbia and Kazakhstan have demonstrated the greatest progress in simplifying their business environment over the past year.

Georgia retains a leading position (9th place) among the Post-Soviet countries, followed by Estonia (21st), Latvia (25th), Lithuania (27th), Kazakhstan (49th), Belarus (58th), Kyrgyzstan (70th), Moldova (83rd), Russia (112th), Ukraine (137th), Tajikistan (141st) and Uzbekistan (154th), which are rated below Azerbaijan.

Eastern European and Central Asian countries are ahead of the East Asian and Pacific-region countries, which means that the region has become the second in the world to create the most favorable business environment after the OECD high-income countries.

The 'Doing Business - 2013' report covers 185 countries, and investigates regulations that favor or hinder the development of business during the entire cycle of activities, including company creation and business practice, implementation of foreign trade, taxes and investors' protection.

Source: Trend

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