Ukraine hopes to enter top countries on 'ease of doing business' list

This year, the Cabinet of Ministers of Ukraine intends to implement legislative initiatives that would allow the country to improve its position in the World Banks’ Ease of Doing Business Ranking and enter the top 50 best countries in 2017, and in the top 20 by 2018, as highlighted in the “Top Priority Action Plans for the Government for 2016” posted on the Cabinet of Minister’s website on Friday.

The grounds for improving the country’s ranking is the implementation of effective regulation practices reflected by the World Bank for 2016 and approved by Cabinet Resolution No. 1406 of December 16, 2015. It will also contribute to an increase in the foreign and domestic investment rate, Rosbalt reported.

Earlier it was reported that in 2015 Ukraine climbed from 87th place to 83rd in the rating for 2016.

The experts at World Bank calculated that on average, one point higher in the rating brings about $500-600 million in investments to a country.

  Ukraine, business