Russia Moved Up in Doing Business Ranking

25 October 2019

Russia took 28th place in the World Bank Doing Business 2020 (DB) ranking. This is three positions higher than a year earlier.

"Russia has reached a record high position in the Doing Business 2020 ranking. At the same time, we were ahead of countries such as Japan (29), France (32) and Switzerland (36). For comparison: in 2010, our country was 123rd out of 183s. The growth in the ranking became possible due to accelerating the connection of enterprises to the power supply system, streamlining the procedure for obtaining building permits and the high speed of registration of property rights. I note that in preparing the report, World Bank experts analyze the business climate in only two cities of the country – Moscow and St. Petersburg. The place of Russia in the ranking depends on the capital up to 70%", Vladimir Efimov, Deputy Mayor of Moscow for Economic Policy and Property and Land Relations, said.

In order to reduce the costs of doing business and remove administrative barriers, the Moscow Government is implementing a number of measures: consistent work is being carried out aimed at streamlining procedures in the urban area, the development of online services and electronic services in construction. In 2018, the conversion of all construction services and network company services to electronic form was completed. Thus, a closed loop of electronic administrative procedures has been created to ensure the construction process from start to finish. The engineering surveys by private companies have been simplified thanks to the creation in Moscow of information resources containing archival data on this type of work. To date, maximum transparency and accessibility of construction services for developers has been ensured.

"Based on the results of the regular meetings with business, decisions on the development of support mechanisms for enterprises in the economy real sector, and the expansion of existing support measures are made. At the moment, conditions for entrepreneurs for easy and profitable business have been created in the capital. Moscow’s position is improving not only in the World Bank Doing Business ranking. Another indicator of effective work with business is the National Investment Climate Rating in the constituent entities of the Russian Federation: in 2019, the capital took first place in it", added Alexander Prokhorov, Head of the Moscow Department of Investment and Industrial Policy.

Recall that the World Bank project DB assesses legal norms that contribute to the expansion of entrepreneurial activity, and norms that limit it. DB uses quantitative indicators that measure the degree to which legal norms are favorable for business and the protection of property rights, and also allow you to compare data for 190 countries as they change over time.

The first DB report was published in 2003 and covered 133 countries. The first three places in DB 2020 were taken by New Zealand, Singapore and Hong Kong.