Belarus Ranks 38th in Doing Business 2018

On October 31, the World Bank Group published Doing Business 2018: Reforming to Create Jobs, a WBG flagship publication, 15th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. The Doing Business report presents quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies. In Doing Business 2018 Belarus occupies the 38th position.

According to Valentina Saltane, a bank researcher who works on Doing Business, in the report for 2018, WB experts did not review the previous year’s results. Belarus lost one position (in Doing Business 2017, the country was ranked 37th) because other countries carried out more reforms in the reporting year.

Saltane highlighted the country’s high positions in such categories as Registering Property (#5), Dealing with Construction Permits (#22), and Enforcing Contracts (#24). She also mentioned the categories where Belarus didn’t perform well, such as Resolving Insolvency (#68), Getting Credit (#90), and Paying Taxes (#96).

The World Bank expert also explained that the pace of reforms in Belarus has decreased. In 2009, Belarus carried out six reforms, 5 in 2010, 4 in 2011, and 3 in 2012. In 2016, the number was 4, which allowed Belarus to improve its position in Doing Business from #44 to #37. In 2017, the World Bank took into account only one reform in the country.

New Zealand tops the Doing Business rankings for the second consecutive year, followed by Singapore and Denmark. Among the neighbors of Belarus, Lithuania occupies the highest position (#16). Latvia is ranked 19th, Poland is ranked 27th, Russia occupies the 35th spot, and Ukraine is at the 76th position.

Belarus ranks 38th in Doing Business 2018