Ukraine in Doing Business: Progress, but still low
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.