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• In December 2011, "Fitch Ratings" has upgraded Georgia's Long-term foreign and local currency Issuer Default Ratings (IDR) from 'B+' to 'BB-'. • Georgia has taken 39th position in the "Paying Taxes 2012" ranking among 183 countries, drafted by the World Bank (WB), the International Finance Corporation (IFC), and PricewaterhouseCoopers (PWC). In comparison with previous years, Georgia has moved up with 22 position as it was on the 61st position last year. • Apart from the Ease of Doing Business 2012 Ranking, Georgia is amongst the leaders in other ratings, namely, Starting a Business Ranking - 7th position, Construction Permits - 4th position, Registering Property -1st 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 from „ B+" to „BB- " in November 2011. • In "Forbes'" „Best Countries for Business 2011" ranking Georgia improved its position by 11 positions and now ranks 50 among 134 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 "Transparency International" Research - "Global Corruption Barometer 2010" Georgia takes the 5th place in the world for the low level corruption in the police after Finland, Denmark, Norway and Switzerland. • According to the Index of Economic Freedom 2011, published by the Heritage Foundation, Georgia currently holds 29th place amongst 183 nations. • 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 indicates that Georgia became more attractive for investors. • Georgia occupies the first place in the "Progress Rating" published by „FBK", Russian audit and consulting company. The rating is based upon data from research devoted to 101 countries' development indicators, and used the data accumulated by leading international analytical centers over the past five years in order to rate these countries' social and economic situation. • The 2011 EBRD survey on countries in transition singles out Georgia as the most successful country in our region (Eastern Europe and Caucasus) in terms of institution building, on par with Baltic States.
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