Ukraine in the TOP-100 ranking of Doing Business
Ukraine has entered the TOP-100 ranking
of the ease of doing business ranking “Doing
Business 2015”, rising by 16 ranks
and stands at 96 in the ranking of 189 economies. These data
were presented in the report of the staff of the World Bank and International
Finance Corporation (IFC), published on Wednesday (28
October 2014), in Washington.
The ranking is based on 10 indicators and
covers 189 countries. The data
in this report cover the period from May 2013 to June
1, 2014.
First, it was noted a number of
business improvements in Ukraine. Among
them:
simplifying the
paying taxes process for companies through the
introduction of e-filing system and of
the single social tax - climbing by 49 ranks;
registering
property (positive dynamics by 29 ranks) through the introduction
of a new State Register of Property Rights to Immovable Property, which provides state
registration in the single Register of Property
Rights and Encumbrances both on land plots and
on properties located on them.
"Increasing of the Ukraine's
position in the ranking of Doing Business-2015 is a signal
of positive changes in international
assessments of the business
environment, although this improvement can
hardly be regarded as sufficient," acting Minister of Economic Development
and Trade of Ukraine Valeriy Piatnytskiy noted.
Ukraine has improved the
distance to frontier score. Currently, economic and political
turmoil has affected individual performance rating, which decreased
slightly.
Getting electricity indicator “pulls Ukraine down” (globally,
Ukraine stands at 185 in the ranking of 189 economies). According to data collected by Doing Business, getting
electricity there requires 10.0 procedures, takes 277.0 days and costs 165.5% of
income per capita.