ON FORBES RANKING AZERBAIJAN FELL BEHIND GEORGIA AND ARMENIA
Turan Information Agency, Azerbaijan
December 18, 2014 Thursday
Baku / 18.12.14 / Turan: Azerbaijan took the 60th place in the ranking
of the most suitable countries for business, compiled by Forbes.
According to the publication, from the former Soviet Union in the
rating were Estonia (22) and Lithuania (24), Latvia (36) and Georgia
(47), Azerbaijan (60), Armenia (56), Kazakhstan (65) Moldova (75)
Ukraine (88) and Russia (91).
According to Forbes, Russia’s protection of property rights is still
imperfect, and the private sector remains subject to heavy state
intervention. In addition, Russia’s dependence on commodity exports
makes it vulnerable in a downturn in demand for raw materials.
Meanwhile, Forbes recognized Denmark as the best country for business
in 2014. The top three also includes Hong Kong and New Zealand. In
2013, the rating was headed by Ireland.
The Forbes rating “Best Countries for Business – 2014” includes 146
countries. Their achievements have been studied for 11 positions:
Level of personal freedoms; Degree of protection of property rights
and investment; Price stability; Presence of barriers to exports and
imports of goods and services; Level of technological development;
Introduction of innovations; Degree of influence of the state on
business; Corruption; Tax burden and the state of the stock market.
The rating was based on the data Freedom House, Heritage Foundation,
Property Rights Alliance, Transparency International, World Bank and
World Economic Forum (WEF). -02D-
From: Emil Lazarian | Ararat NewsPress