“Doing Business” ranking as litmus test for reforms aimed at investment climate

07.12.2016

Moscow’s indicators have been improved in the “Doing Business” ranking in terms of “Dealing with Construction Permits”. This was announced by Sergey Levkin, the Head of the Urban Planning Policy Department of Moscow.

“The “Doing Business” ranking in terms of “Dealing with Construction Permits” is based on ranging economies of different countries in respect of procedures, their number, terms and cost,” told Sergey Levkin in the interview with TV-channel “Moskva-24”.

According to his words, quality assessment of construction is also taken into account during the creating of the ranking.

The “Doing business” ranking covers 190 countries. Russia joined this ranking in 2013.

“The World Bank summarized the results in October. Our country has risen by 4 positions taking 115th position,” added Sergey Levkin.

He emphasized that this has occurred due to exclusion of 5 administrative procedures in construction as well as the cost cutting of obtaining construction permits.

“Before that there have been 19 procedures. In early 2013 we ranked 178th position and now we rank 115th. The number of procedures amounted to 46, now there are 14, and the cost of obtaining construction permits in Russia has reduced by 25%,” explained the Head of the Department.

Sergey Levkin stressed that every year Russia has been improving not only its position but it also has been reducing the number of procedures, terms and cost.

A range of procedures is vital to ensure safety, transparency and auditability of the whole investment construction process. The ranking is no more than litmus test for those reforms that influence on regional investment activity,” considers the Head of the Department.

Stroim Prosto

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