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World Bank: Harder To Do Business In Russia
19 September 2009
World Bank: Harder To Do Business In Russia

World Bank: Harder To Do Business In Russia
Article contributed by Alinga Consulting Group

Russia was ranked the 120th easiest place to do business in the World Banks 2010 Doing Business report.

Russia was 118 last year. This years rankings were hurt most by a drop in the World Banks assessment of the ease of starting a business in Russia. Russias rank dropped in this category from 88 to 106. Although its position is unchanged this year, Russia still ranks worst at construction permits. Russias customs service also holds it back in the rankings. Russia fell again in the trading across borders category, from 160 to 162.

Russias best reforms this year involved making small business loans easier to get. Russia moved from a 109 to 87 in this category.

Russia ranks 103 in paying taxes. According to the report, the average mid-sized company spends about two months of full working days each year fulfilling its tax duties. This about twice the world average.  

The BRIC countries in general did not fare well. Of the four nations, China was ranked the best with an overall position of 89 (just above Zambia). Russia is in second place (just above Costa Rica) while Brazil ranks 129 (just above the Sub-Saharan African nation of Losotho). India is last among the nations at 133 (just above Madagascar).

For more on Russias rankings, click here.

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