Armenia climbs 64th in Forbes Best Countries for Business listDecember 5, 2013 - 19:43 AMT PanARMENIAN.Net - Forbes published the eighth annual ranking of the best countries for business on Wednesday, December 5 and Ireland topped the list for the first time. Ireland has moved up from sixth position in the influential rankings last year. The rankings are determined by grading 145 nations on 11 different factors: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance. Each category is equally weighted and the data comes from published reports from the following organisations: Freedom House, Heritage Foundation, Property Rights Alliance, Transparency International, World Bank and World Economic Forum. Armenia was ranked 64th in he Forbes list, up from 77th spot last year. Among post-Soviet states, Estonia was ranked the highest (23rd spot). Lithuania was ranked 25th, Latvia - 35th, Georgia - 50th, Kazakhstan - 70th, Azerbaijan - 67th, Moldova - 88th, Russia - 91st, Kirgizstan -109th. Hong Kong, Denmark, Sweden, Finland, Singapore, Canada, Norway an Netherlands made it to the top 10, with U.S. and China placed 14th and 94th respectively. Related links: Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |