“Doing business 2016”
The State Investment Agency conducted a research with the “Doing business” methodology of the World Bank Group. The research evaluates the ease of doing business based on 10 indicators in 190 countries. This methodology is one of the leading product of knowledge in private sector development sphere. It motivates countries around the world to regulatory reforms.
A focus of methodology are legal regulatory of small and medium enterprises with 10 areas of their lifecycle:
Starting a business;
Dealing with Construction Permits;
Protecting Minority Investors;
Trading Across Borders;
The Republic of Abkhazia takes 139 place among 190 countries in Doing Business Rankings leaving behind Bolivia (150), Algeria (157), Haiti (181) and Angola (182).
Doing Business Rankings was formed for the Republic of Abkhazia based on 10 indicators and estimated for Sukhum – the capital of the country.
The best indicators for Abkhazia are:
Enforcing Contracts – 3rd place
Registering Property – 71st place
Dealing with Construction Permits – 72nd place
Getting Electricity – 74th place
Starting a business – 84th place
Paying Taxes – 122nd place
The compactness of the territory allows state administration bodies to performe important improvements almost in all rankings’ indicators in short period of time.
25 steps to improve conditions for priority sectors and clusters’ development
The Ministry of Economics together with the State Investment Agency developed a research which became the basis for 25 steps of improvement and development conditions for priority sectors of the economy.