Ukraine is placed 80th in Doing Business-2017 rating

Ukraine is placed 80th in Doing Business-2017 rating

Ukraine improves from 83 to 80

Ukrainian officials were planning more skyrocketing results for the coming year. But the plans for deregulation failed, and now Ministry of Economic Development will do its homework next time. In particular, Ukraine received lower appraisals for planning and building permits (down 3), registration of property (down 1), getting credits (down 1), taxation (down 1), international trade (down 5), and resolving insolvency (down 2).

The most contributing improvement was in minority shareholder rights protection going up by 31 rating ranks and enforcing of contracts – 18 ranks up. Other reforms, such as unified social tax which had been lowered and single window approach at customs appeared not timely for the rating calculations. The registration of ownership rights in Ukraine has also been improved, and some officials blame on poor publicity that it had not contributed for the Doing Business in Ukraine rating for 2017. Parliament of Ukraine has been active since start of the new session, and many laws have been prepared and will be passed soon, many believe.

Potential investors highly esteem the rating, and the government voiced concerns and set goals to improve the current state of affairs.

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