WASHINGTON (Sputnik) — At present, Russia ranks 51 among some 190 countries on the ease of doing business, according to the World Bank.
"There [in Russia] was an improvement…There was an effort to simplify business regulations over the past two years, and we do see that reflected in the data, so the process [of doing business] started to be faster," Ramalho stated on Monday.
The Word Bank manager added that paying taxes in Russia has also become simpler and faster based on the data received by the organization. Ramalho also noted that the improvements could also facilitate job growth in the country.
"It is early to tell, but what you would expect is that there’ll be more firms starting up, more job creation," she stated. "That’s what we’ve seen in other countries that have done that."
