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International Rating

Doing Business 2011 report places Georgia 12th in terms of Ease of Doing Business, naming Georgia as the top reformer amongst the 174 countries over the last 5 years.

Apart from the Ease of Doing Business 2011 Ranking, Georgia is amongst the leaders in other ratings, namely, Starting a Business Ranking - 8th position, Construction Permits - 7th position, Registering Property - 2nd position.

International Ratings Agency "Moody's" published Georgian sovereign credit rating with category Ba3 (Long Term Local and Foreign Currency Rating), that means, that Georgia's sovereign rating has improved with one step ahead.

Standard & Poor's Ratings Services had raised its long-term foreign and local currency sovereign credit ratings on the Government of Georgia to „B+" from „B" in 2010.

In "Forbes" „Best Countries for Business 2010" rating Georgia improved its position by 3 stages and now ranks 61 among the 128 countries.

According to the World Bank report „Investing Across Borders 2010" (IAB) Georgia is one of the most open countries to foreign equity ownership among 87 countries as measured by the Investing Across Sectors indicators.

According to the "Transparency International", Georgia is the top country in the post-soviet region (except the Baltic States) in terms of fighting corruption.

According to the „Transparency International's" „Global Corruption Barometer 2010", Georgia ranks the first among world countries in the term of decrease corruption level.

According to the Index of Economic Freedom 2011, published by the Heritage Foundation, Georgia currently holds 29th place amongst 183 nations.

According to the study conducted by the PWC, World Bank and International Finance Corporation, in 2011, Georgia moved up to 3 places in the Paying Taxes Rating and currently holds 61st position amongst 183 countries.

According to the 2010 annual report of Fraser Institute about Economic Freedom of the World, Georgia advanced by 22 steps in the ranking compared to last year and is on the 23rd place (with 7.47 points) among 141 countries.

In 2009, Georgia was ranked as the 4th best performer worldwide by the Forbes Tax Misery & Reform Index (only Qatar, UAE and Hong Kong had bested Georgia).

According to the Global Economic Forum's "The Global Enabling Trade Report" Georgia takes 37th place among 125 countries in "The Enabling Trade Index 2010".

According to the "Political Risk Atlas 2011", published by the British investment risk assessment company "Maplecroft", Georgia falls under the category "Medium Risk" which indicate that Georgia became more attractive for investors.

Global rating agency "Fitch Ratings" revised Georgia's IDR (Issuer Default Ratings) index, as a result, the country's "B+" rating has been upgraded from stable to positive.



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