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Armenia has improved its position by 1.3 points in the Doing Business 2015 rating system.

Accordingly, the country has climbed from the 49th spot in the 2014 report to the 45th position in the new report.

As per Doing Business 2015, Armenia has made starting a business in the country easier by streamlining post-registration procedures.

Nonetheless, Armenia’s back-calculated distance to the frontier score is 69.3.

Doing Business 2015 also indicated that Azerbaijan is among the 10 top improvers—led by Tajikistan—worldwide this year.

In addition, Georgia has the region’s highest ranking on the ease of doing business, at 15 among 189 economies worldwide.

For the first time this year, Doing Business collected data for a second city in the 11 economies with a population of more than 100 million.

As per the report, Singapore leads the ranking on the ease of doing business.

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