YEREVAN, SEPTEMBER 6, NOYAN TAPAN. Taking into account such factors as ease of registering an enterprise, as well as the legislation regulating the tax sector and trade relations with other countries, the most favorable conditions of doing a business are in Singapore, New Zealand and the US. This is indicated in the World Bank's annual report "Doing Business 2007" that assesses and compares 10 main indices characterizing the business environment in 175 countries. According to the report, among former Soviet republics, Lithuania and Estonia are in highest places - 17th and 18th respectively. Among CIS countries, Armenia and Georgia occupy the leading positions - 34th place (last year 37th) and 37th place (last year 112nd) respectively, being ahead of such EU member states as France, Spain, Portugal and Czech Republic. Turkey is in 91st place, Azerbaijan - in 99th, and Iran is in 119th place. Russia is in 96th place, and Congo is in the last - 175th place.

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