Medvedev: Russia has all the essentials to move uo the Doing Business rating ladder
Russia has what it takes to climb higher up the Doing Business rankings, despite all current problems, Prime Minister Dmitry Medvedev said on Wednesday. He was speaking in the State Duma, Russia’s lower house of parliament, presenting a report on the work of the government.
Medvedev recalled that one of the Cabinet’s key tasks for 2012-2017 was to create a more attractive business environment. In his May 2012 decrees President Vladimir Putin set the goal for Russia to achieve the 20th position in the Doing Business rating by 2018. Back in 2012, Russia was on the 120th place in that rating and its closest neighbors were Cape Verde and Costa Rica. Since then Russia’s position in the rating has been constantly and steadily improving.
Compared to the results of the last year rating Russia has moved up by 5 positions year and ranks 35th.
For the third year in a row Russia is ahead of all BRICS countries, this year it has become the best country from the Eurasian Economic Union.
"One cannot say that Russia produced perfect conditions in six years, that would be an exaggeration, there are still problems, but we’ve moved up 85 places in the rating and currently rank 35th. No country in the world advanced so quickly in this rating. Now Russia stands next to Japan, and there are all the prerequisites for us to move up further," Medvedev emphasized.