Analyzing Belarus' Doing Business 2018 position

Analyzing Belarus' Doing Business 2018 position

Belarus took 38th position among the 190 states covered by the Doing Business study, co-author of the report Valentina Saltan told media.

In 2017, Belarus was ranked 37th. The change is not very large - a decrease by one notch.

"This decline is due to the fact that other countries carried out more active reform efforts. This year, we noted only one reform in Belarus - on obtaining loans," Saltan explained. At the same time, she noted that there have been no significant changes in the rating methodology over the past year.

Valentina Saltan drew attention to the fact that the pace of reforms in Belarus has slightly decreased.

"At the same time, in 2006 Belarus was in 106th place out of about 150 countries, and now the country is 38th - this is a very good indicator," the expert said.

When compiling the Doing Business 2018 report, the following areas of business activity were studied: "Building Permits" - 22nd (28th in the 2017 report), "Registration of property" 5th place (5th), "Taxation" - 96th place (99th) and "Resolving insolvency" - 68th place (69th). In total, ten indicators were analyzed.

"This year, the data remained virtually unchanged for all of these indicators. I can note that Belarus has already established very good conditions regarding the registration of property - 5th place out of 190 countries," the expert said.

"In the country, based on our data, only two procedures are needed to register property, and registration can be done in only two days and at a low cost."  

To get a building permit in Belarus one will spend on average 115 days. If you compare with the average for the Europe and Central Asia region, the figure there is as many as 168 days," she said.

New Zealand remained Doing Business leader. Singapore is still in second place.

They are followed by Denmark, the Republic of Korea, Hong Kong (China), the United States, Great Britain, Norway, Georgia and Sweden.

Georgia is the highest in the former Soviet Union - 9th. It has conducted 47 reforms over the past 15 years.

Following it are Estonia - 12th, Lithuania (16th), Latvia (19th) and Poland (27th). Next are Russia (35th), Kazakhstan (36th), Uzbekistan (74th), Ukraine (76th), Kyrgyzstan (77th), and Tajikistan (123rd).

Valentina Saltan noted that Doing Business is quite simple and has a transparent methodology.

"Thanks to them it is very easy for countries and governments to calculate and see how they can change their business environment. This leads to economic growth, investment, and creation of new jobs," the expert stated.

In general, the countries of Europe and Central Asia carried out 44 reforms that are favorable for business in 2016. According to cumulative data for 15 years, the total number of reforms in the region was 673.