WB Ranks Georgia Among Top Global Reformers

According to a new report, “Doing Business in 2006: CIS Economies Pick up the Pace of Reform,” issued by the World Bank and International Finance Corporation on September 12, the economies of the Commonwealth of Independent States (CIS) are increasing the pace of reforms to help small and medium businesses generate more jobs?with Georgia among the top global reformers in this respect.

The annual report provides a global ranking of 155 economies on key business regulations and reforms for the first time.

According to the report, Georgia was the top reformer in the region and the number 2 reformer globally?making it easier to start a business, cutting the number of activities licensed from 909 to 159, easing the cost of firing redundant workers, cutting the time and cost to register property and introducing new tax laws containing fewer and more simplified taxes.

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