MINSK, 13 July (BelTA) – Belarus is looking to improve its ranking on the ease of doing business, Deputy Prime Minister of Belarus Andrei Kobyakov said at a session of the Presidium of the Council of Ministers. According to the estimates of the Economy Ministry based on the analysis of the efforts to improve Belarus’ position on the WB Business Doing 2011, the country may vault 10 positions considering the reforms implemented by 1 June. “We expect the country to move to 48th position,” Andrei Kobyakov said. However, the final assessment of Belarus’ performance will be known after the World Bank analyses the reforms in other countries. Now Belarus is in 58th position in the WB ranking, which is way above its 115th position in 2007. Andrei Kobyakov informed that the Business Doing 2010 report recognized Belarus as one of global top 10 regulatory reformers. Belarus achieved most impressive results in five out of 10 areas: registration of property and start-ups, contract enforcement, hiring of labor, construction permits. Yet, there are weak spots and areas on which Belarus need to focus, Andrei Kobyakov stated. “Above all, this is taxation where Belarus ranks 183rd. These are also international trade, lending, protection of investors and liquidation,” he noted. According to Andrei Kobyakov, in 2009-2010 Belarus has been working in line with the plan of action approved in 2009. A total of 23 reforms of 47 have been executed. Twenty-one more are in the process. While the plan of action was in action, 27 by-laws were drafted. Fifteen of them have been adopted. Among them is the law on amendments and additions to the law of Belarus “On economic entities”. The bill has been passed by the two house of Belarusian parliament and has been submitted to the President. This law will propel Belarus to top thirty countries on the overall ease of doing business.

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