YEREVAN, SEPTEMBER 12, NOYAN TAPAN. Armenia ranks 44th among 181 countries included in the "Doing Business 2009" 6th annual report of the World Bank. Last year Armenia was 41st among 178 countries. By the report, over the year the judicial system of the country was reorganized and the judicial codes were improved. The use of agreements was made easier by cancelling a procedure and reducing the time for settlement of commercial disputes. Armenia considerably reduced the cost of getting permissions for construction by abolishing the compulsory payments for receiving the right of design. According to a press release of the World Bank Yerevan Office, the economies of the countries to be included in the report are assessed based on ten business management indices concerning progress in starting business, construction permissions, staff recruitment, property registration, loan receiving, investor protection, border trade, agreement use and closing business.

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