Forbes ranked Armenia 56th in its best countries for business in its 2014 list Thus, it is ahead of its neighbors in the Commonwealth of Independent States (CIS).

Other CIS countries are classified as follows: Azerbaijan (60th), Kazakhstan (65th), Moldova (75th), Ukraine (88th), Russia (91st), Kyrgyzstan (101). Uzbekistan and Turkmenistan are not on the list of 146 countries.

Among regional neighbors Armenia Georgia placed 47th, Turkey is 50th and Iran is 132nd.