Statement:
It is harder to do business in Bulgaria than in Armenia

In the Ease of Doing Business rating Bulgaria holds position #47 ²⁰²⁰ out of 181 and Armenia is #36 out of 181 ²⁰²⁰.
Position of Bulgaria is worse than position of Armenia.

Referencies:

1. Ease of Doing Business ²⁰²⁰ by World Bank

   The countries in the rating sorted by 'Score' in descending order.

   Armenia	'Score' value is	74.5
   Bulgaria	'Score' value is	72.0