Ukraine on the way to the TOP 50 of Doing Business ranking. Is there any need to make stops on this way?

13-05-2016

There is little time to ensure a significant progress of Ukraine in the Doing Business ranking, which is an indicator of the country’s investment climate. However, if the Parliament and the Government join their efforts in the next two weeks – it will be still possible to achieve some results. 

Therefore, the Better Regulation Delivery Office (BRDO) addresses a request to people’s deputies to consider and adopt the key draft laws that could significantly improve the business climate in the country and have a positive effect on the ranking. In such a case, we will be able to compete for Ukraine’s entry in the TOP-50 ranking.

In particular, this refers to following draft laws:

  1. Draft Law #4187 “On Amendments to Certain Laws of Ukraine on improving state regulation of construction”;
  1. Draft Law #4188 “On Amendments to Certain Legislative Acts of Ukraine on introduction of trust law as a way to ensure the performance of obligations”;
  1. Draft Law #4194 “On Amendments to Certain Legislative Acts of Ukraine on using seals by entities and individual entrepreneurs”;
  1. Draft Law #4195 “On Amendments to the Tax Code of Ukraine (regarding simplifying the registration of newly established entities by single tax and VAT payers)”;
  1. Draft Law #3610 “On Cancellation of Share Participation in Maintaining Public Infrastructure”.

For information:

The World Bank’s Doing Business ranking is a result of annual reviews that estimate the ease of doing business based on 10 indicators in 189 countries. The ranking components assess regulations controlling the activities of SMEs during the whole lifecycle and their actual use in practice.

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