Central Asian countries in doing business 2018
Central Asian countries are improving their performances in the Doing Business 2018. The ease of doing business index provides an opportunity to attract more foreign investors for the states of the region and is also a way to assess the effectiveness of state support for small and medium sized enterprises. According to the World Bank’s annual report, Kazakhstan is ranked the 36th. Kazakhstan climbed in five criteria, particularly, protection of minority investors, registration of enterprises, connection to electricity, property registration and Enforcing Contracts Indicator. Uzbekistan ranked the 74th and has jumped by 13 positions this year and entered the top ten world leaders in improving the business climate. According to the report, the launch of a new business registration platform made starting a business easier in Uzbekistan, which reduced a number of necessary procedures.
ZHANGELDY SHIMSHIKOV, DIRECTOR, INSTITUTE OF ECONOMY, ASTANA OFFICE:
- There is an indicator that determines a degree of responsibility in relation to foreign investors. Both Uzbekistan and our country have improved their indicators. This creates reliability for attracting foreign investors. The more foreign investment flows, the better it will be for economic growth and stability.
Tajikistan has improved its performance in the ranking by five positions. Now the state took the 123rd place among 190 countries of the world. The report shows that over the past year, the country has implemented two reforms. Tajikistan simplified procedures for setting up enterprises by means of increased minimum income for mandatory value added tax registration and excluded one of property registration procedures.