Armenia is among the top ten on implementation of reforms in some branches of the economy, says "Business in 2005" report prepared and published by the World Bank. The report authors note that Lithuania and Armenia were in the top ten among 58 European and Central Asian countries, which have made efforts to modernize their legislation or strengthen the protection of realty owner rights. Besides, mechanisms of application of credit registers are created in Latvia and Armenia, which is a positive step in the opinion of the report authors.