Astana, October 16: Kazakhstan has moved up seven places to 49th positionout of 185 economies reviewed in the World Bank annual survey:
“Doing Business2013: Smarter Regulations for Small and Medium-Size Enterprises”.
The tenth edition in the “Doing Business” series, the
2013 report compares business regulation across 185 economies worldwide, by
assessing how domestic companies are impacted by regulation across ten key
areas including starting a business, getting credit, protecting investors and
Kazakhstan is among the ten countries showing most
improvement since last year. Poland gained the top position on this scale, for
four regulatory reforms making it easier to register property, pay taxes,
enforce contracts and resolve insolvency. The other economies showing the most
improvement in ease of doing business were Burundi, Costa Rica, Greece,
Mongolia, Serbia, Sri Lanka, Ukraine and Uzbekistan.
In the regional listing for Central Europe and Central
Asia, Kazakhstan ranked seventh out of 24 economies for ease of doing business.
The highest ranking achieved by Kazakhstan on any of the ten measures was tenth
place for the protection of investors (unchanged from last year), while most
progress was made on the measure relating to starting a business, where
Kazakhstan moved to 25th place from 55th, on the strength of abolishing the
minimum capital requirement.
Strong improvement was also registered on the ease of
getting credit, where Kazakhstan advanced to 83rd position from 97th the
previous year, as a result of a new law changing the regulation of the
rehabilitation procedure under bankruptcy legislation and specifying several
conditions under which secured creditors can apply for relief during the
There was a marginal improvement to 80th place from
81st in relation to the ease of getting electricity, while Kazakhstan retained
an unchanged 28th place on two other key parameters: registering property and
Singapore topped the ranking as the easiest place in
the world to do business for the seventh consecutive year, followed by Hong
Kong SAR, China, New Zealand, the United States and Denmark. Georgia was a new
entrant to the top ten.
Over the ten years spanned by the series, 80 economies
have implemented close to 2,000 business regulation reforms, two-thirds of
which have aimed at reducing the cost and complexity of regulatory processes.
Eastern Europe and Central Asia is the region which has implemented most
improvements, to overtake East Asia and the Pacific as the world’s second most
The World Bank reports that a growing body of research
has mapped the positive effects of simpler business regulation on a range of
economic outcomes, such as job creation and a faster pace of new business