Minister of Economy: Georgia Reached Historic Maximum in World Bank Rating

Natia Turnava, the Minister of Economy and Sustainable Development, has responded to the fact that Georgia ranked 7th among 190 Countries in the World Bank Doing Business 2020.

“Georgia has reached the historic maximum in the World Bank’s Ease of Doing Business rating, however, the US has done slightly more than Georgia at this point, and so they are ahead of us,” she said today after the cabinet meeting, pointing out that the country has improved scores according to 8 out of 10 key indicators and remains a regional leader.

“Georgia is on the top position among 23 countries of Europe and Central Asia. This rating is made up of 10 different indicators, out of which Georgia has improved its scores in 8. Therefore, the rating shows that the country continues to make progress and improve its scores,” the Minister said.

Georgia has ranked 7th with 83.7 points out of 190 countries in terms of Ease of Doing Business, the World Bank Report 2020 says.

Last year, Georgia ranked 6th on the list.   

“For starting a business, for example, Georgia and New Zealand have the lowest number of procedures required," the survey reads, adding that “in dealing with construction permits, Georgia improved its building quality control by increasing public access to information.”  

In the ranking, Georgia is ahead of Great Britain, Norway, Sweden, Germany, Lithuania and other countries.

By Ana Dumbadze 

Photo Source: Ministry of Economy and Sustainable Development 

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