Georgia significantly improved its position in the Doing Business (DB) 2019 report of the World Bank (WB), coming in at 6th place out of 190 countries, improving its position by 3 points. Previously, Georgia was in the 9th position.
In DB 2019, Georgia’s score improved by 1.24 points and reached 83.28 points. Previously, Georgia’s score was 82.04 points.
Moreover, with its score, Georgia exceeds the average regional score – 72.3.
DB measures regulations affecting 11 areas of the life of a business. Ten of these areas are included in this year’s ranking on the ease of doing business. Georgia’s scores in each field are as follows:
Starting a business – 2
Dealing with construction permits – 27
Getting electricity – 39
Registering property – 4
Getting credit – 12
Protecting minority investors – 2
Paying taxes – 16
Trading across borders – 43
Enforcing contracts – 8
Resolving insolvency – 60
“Georgia –an early adopter of Doing Business and the second biggest reformer (after Rwanda) – has cut the amount of time to start a business to 2 days,” Sylvia Solf, head of the World Bank Group’s Reform Advisory Unit said.
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