MOSCOW (Sputnik) — In the World Bank's Doing Business Ranking 2016 Russia occupied the 51st place.
25 October 2016, 10:58 GMT
"In past years, Russia has been active in reforming across multiple areas of business regulation… In some aspects of Doing Business [the World Bank Group measuring business regulations], the business regulatory environment of Russia is now closer to best practice," Andras Horvai, World Bank Russia Country Director, said in a statement commenting on Russia's advance in the ranking.
He added that there still was room for improvement "on several fronts" in respect of growth opportunities, considered by the Doing Business.
