World Bank: Russia Rises to 35th Place in Doing Business
According to the World Bank, Russia now is considered the 35th easiest country (out of 190 countries) to do business in the world.
You can download this report here.
When doing this survey the World Bank takes into account issues such as: speed to open a company and bank account, costs of doing the same, ease obtaining construction permits, transparency of import tariffs, etc.
This makes Russia easier to do business than Belgium, Slovakia, Israel, Cyrpus and Slovenia.
According to the Moscow Times, "Russia has steadily risen in the overall 'Doing Business' rankings over the years. After the country had ranked 120th in 2011, President Vladimir Putin signed a '100 steps' decree the following year with the goal to reach 20th place by 2018."
Not only is it getting easier to do business in Russia but the economy seems to have come back if one takes into account rising GDP and car sales. Another important indicator of the economy is the commercial real estate sector which, according to a recent survey by Collliers indicates that vacancies for all types of commercial space are dropping, including for the hotel sector; this comes at a time where rental rates for all types of commercial real estate are also firming up.
News contributed by Vasiliev, Klein & Usov (VKU; successor in interest of Hellevig, Klein & Usov), an Alinga Company. VKU is a leading ex-pat-owned law firm that helps foreign companies execute their business in Russia. Alinga is a leading ex-pat-owned outsourced accountant/audit firm that also assists Western companies present on the Russian market