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General News    H3'ed 11/7/15

For Business, World Bank Says Russia Has a "Strong Reform Momentum"

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Russia is getting better. Slowly but surely the economy is modernizing and streamlining the way businesses are run. 

This year Russia was ranked 51 out of 189 countries measured. Last year, it was ranked 62. Russia has maintained “a strong reform momentum,” according to the Russia program leader for the World Bank, Sylvie Bossoutrot.  Russia scored among the top 10 best performers globally in registering property (8) — better than the United States — and is fifth worldwide in enforcing contracts. By comparison, the U.S. is ranked 21.

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Natylie Baldwin is the author of The View from Moscow: Understanding Russia and U.S.-Russia Relations, available at Amazon. Her writing has appeared in Consortium News, RT, OpEd News, The Globe Post, Antiwar.com, The New York Journal of Books, (more...)

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