Georgia has the Best Position in the Region in Investment Climate Index
 
News ArchiveJune 22, 2015

BDO consulting group  has published  the International Business Compass 2015 survey.

 

The BDO Compass is a unique web tool that provides a means to evaluate the overall social and economic development of countries and regions, ultimately making it possible to rank countries in terms of their investment potential.

 

The data the BDO Compass provides is of particular relevance to companies who act globally or who have ambitions to grow across borders. In addition to providing an overall classification of 174 countries worldwide, including an assessment of the general suitability of each country as a potential market or production location, the BDO Compass web tool also makes it possible to compare two countries within the same period, or with respect to the previous year.

 

The report also includes detailed analysis on infrastructure segments for the economy – transport, energy and telecommunications. As with the overall IBC index, the goal is to provide global coverage. For this purpose, a variety of benchmarking indicators from various reliable sources were collected and evaluated. Countries are compared within the same economic region and indicators are distinguished in terms of capacity, quality and costs. An overall assessment is then carried out based on a summary of the three criteria.

 

It should be noted that  Georgia has moved up 5 points  in the investment climate index compared with 2014 and  can be found on the 43rd   rank.

It's important that Georgia has improved its positions in the ranking compared to 2013, when Georgia was ranked 54th.

 

Our neighbor Armenia has seen its rank drop by 7 ranks and is  ranked 66th  compared to  the previous year, while the other countries of the region  have significantly improved their positions - Azerbaijan – by 13 ranks and  is now 65th, Ukraine – by 20 points and is  89th, while Russia has moved up by 4 places  and is the  100th. Turkey improved by  10 positions compared to 2014 and is now 57th.


Source:commersant.ge