On October 29, the World Bank published the eleventh annual ranking “Doing Business – 2014. Understanding Regulations for Small and Medium-Size Enterprises”, which analyzes national legislation of 189 countries on 10 indicators for the conditions of doing business.
The data are current as of June 2013.
According to the ranking, Ukraine was considered better than any other country in the world for improving its business conditions over the last year.
In particular, the country has risen by 28 positions and ranks 112. Ukraine has implemented reforms in 8 out of 10 analyzed areas. The most significant progress has occurred in the construction industry – which has been improved by 145 positions.
Moreover, the study found that for the last five years since 2009 only two countries – Ukraine and Rwanda – have implemented at least one regulatory reform in each out of 10 areas analyzed in the rating “Doing business”.
Overall, since 2005, Ukraine has implemented 26 regulatory reforms to improve the business environment, thereby significantly increasing its performance relatively to the leaders (by this parameter only Rwanda, Georgia and Belarus are ahead of Ukraine).
The electronic version of the eleventh rating of “Doing Business – 2014” can be found at: http://doingbusiness.org/reports/global-reports/doing-business-2014 (English) and http://russian.doingbusiness.org/ (Russian).
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