According to the World Bank’s Ready for Business (B-READY 2025) ranking, Georgia is among the world’s leading countries, ranking fourth out of 101 countries, said Vakhtang Tsintsadze, Deputy Minister of Economy and Sustainable Development.

Such a high ranking once again confirms that Georgia’s business and investment environment is among the best globally, Tsintsadze noted.

According to the Deputy Minister, in the B-READY 2025 ranking, Georgia shares fourth place with South Korea, Singapore, and Estonia, outperforming countries such as Latvia, the United Kingdom, the Czech Republic, Croatia, Spain, Canada, and the United States.

The purpose of the B-READY ranking is to assess the effectiveness of the business environment, as well as how well a country’s regulatory and institutional framework supports business development.

The B-READY ranking has replaced the World Bank’s former Doing Business index, in which Georgia previously ranked seventh. Notably, in the new ranking Georgia has surpassed Hong Kong and New Zealand, which were ahead of Georgia in the Doing Business assessment.

The B-READY methodology evaluates all three stages of a company’s life cycle: starting a business, operating and expanding a business, and closing a business. Each indicator is assessed across three dimensions: operational efficiency, regulatory framework, and public services.

According to the report, Georgia ranks second globally in operational efficiency, behind only Singapore.

“Georgia’s key task is to continue improving the business environment through new initiatives that the government implements daily,” Vakhtang Tsintsadze stated.