Business AKIpress: Kyrgyzstan has high doing business score and poor competitiveness scores.

In the World Bank-International Finance Corporation 2010 Doing Business rankings Kyrgyzstan is ranked 41st among 183 countries. This is an outrush for Kyrgyzstan given that last year Kyrgyzstan was ranked 80th. Kyrgyzstan is also ranked among top ten doing business reformers.Kyrgyzstan has implemented eases and improvements in seven out of ten indices. Particularly, starting a business is simplified, getting construction permits is eased, employing workers is improved, positive changes in access to credits, taxation and cross-border trade are noted. At the same time, problems related to protection of investors, enforcing contracts and closing business procedures are still unresolved.On another hand, the World Economic Forum has ranked Kyrgyzstan 123rd among 133 economies. In the the Global Competitiveness Index Kyrgyzstan is below all CIS countries, while in Doing Business rankings only Azerbaijan outstrips Kyrgyzstan.According to the Global Competitiveness Report of the World Economic Forum, the most problematic factors for doing business in Kyrgyzstan include corruption (13.6% of responses), policy instability (13.1%), access to financing (12.2%), tax regulations (11.2%), government instability (9.9%), inefficient government bureaucracy (7.9%).If we look at two rankings -- of the World Bank and World Economic Forum -- we will see that their indicators coincide in much, the results, however, are opposite. Where the Doing Business rankings show improvements, the Global Competitiveness rankings show quite opposite.The situation for potential foreign investors is dual. According to the Doing Business Report (World Bank), an investor should invest into Kyrgyzstan without any hesitation. According to the Global Competitiveness Report (World Economic Forum), an investor should refrain from making investments in such uncompetitive country. In this situation the choice for an investor will be clear -- an investor will not make investments into unclear situation, since both the World Bank and the World Economic Forum are trustworthy and respectable international institutions, but another questions is that, perhaps, these organizations have different interests. Of course, one may claim that methodologies were different or that they were used incorrectly. In any case, this question will require from Kyrgyzstan to thoroughly investigate and address this discrepancy.

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