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Belarus in the World Bank Report «Doing Business»

The World Bank study «Doing Business» is a series of annual reports analyzing conditions for the establishment and functioning of small and medium enterprises, including the analysis of entrepreneurial activity regulation as factors that influence business climate in a specified country/region.

The aim of study is to assess main steps of the «life cycle» of economic entities, including the legal conditions for establishment of a new business, obtaining construction permits, registering property, getting credits, protecting investors, paying taxes, trading across borders, enforcement of contracts, getting electricity and resolving insolvency.

According to the report «Doing Business 2017», published in October 2016, Belarus has 37th place among 190 countries.

Ministry of Foreign Affairs of the Republic of Belarus jointly with governmental bodies and companies performs a systemic work on the improvement of the position of the Republic of Belarus in the subranking «Trade Across Borders».

The purpose of this work is to identify and address factors affecting such indicators as time and cost expenditures when performing foreign trade operations; reduce the number of documents to be submitted by participants of foreign economic activities and the time necessary to prepare and submit these documents; and reduce the cost of export/import operations.

According to the report «Doing Business 2017» Belarus has 30th standing in the subranking «Trade Across Borders», which means that it is among 30 best practices.

For information. Belarus has more favorable position in comparison to other partner-countries of the Eurasian Economic Union (Russia has 140 place, Armenia – 48, Kazakhstan — 119, Kyrgyzstan — 79), as well as CIS countries (Moldova has 34 place, Azerbaijan – 83, Ukraine – 115, Uzbekistan — 165, Tadzhikistan – 144).

To sum up, according to the report «Doing Business 2017» in the subranking «Trade Across Borders», Belarus has achieved the main goal and is among 30 best practices.