Tuesday, October 29, 2013

Russia Jumps Up 20 Spots in ‘Doing Business’ Rankings

Russia's business climate has made notable strides over the past year, climbing up 20 positions in the World Bank’s Doing Business rankings from 112th place. The World Bank Group's Doing Business 2014 report, which was launched in Thailand on Tuesday, presents business data for 189 economies and includes information from Libya, Myanmar and South Sudan for the first time. The authors of the report said Russia was third among 10 countries that showed the best results in liberalizing their economies last year, trailing Ukraine and Rwanda. In comparison, Russia climbed only eight spots in rankings in 2012, from 120th to 112th.


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