Ukraine in Do­ing Busi­ness: Progress, but still low

Kyiv Post - - Business/National - – Bermet Talant

Ukraine has be­come the world’s largest gainer since 2010 on World Bank’s lat­est ease of do­ing busi­ness rat­ing. Ukraine ranked 80 out of 190 coun­tries fea­tured in the 2017 Do­ing Busi­ness sur­vey. The World Bank clas­si­fies Ukraine and 24 other coun­tries as “Europe and Cen­tral Asia,” in which all but three are for­mer com­mu­nist states of Yu­goslavia and Soviet Union. The data shows that ex-Soviet Bloc states have im­proved their busi­ness en­vi­ron­ment more than any­where else in the world over the past seven years, with Ukraine as the largest gainer on the scale. But de­spite tremen­dous progress, Ukraine still lags be­hind the Baltic coun­tries, Ge­or­gia, Kaza­khstan, Be­larus, Rus­sia, Azer­bai­jan, and Kyr­gyzs­tan. In 2017 the coun­try jumped three places on last year. It ranked the 20th best place in the world to start a busi­ness, and 63rd for ease of reg­is­ter­ing a prop­erty.

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