The Cabinet of Ministers approved a decision that will reduce the regulatory burden on businesses, increase the investment attractiveness of the country and help Ukraine to improve its position in the Doing Business rating, in which we currently rank 76th.
“DoingBusiness has long been a kind of KPI for governments in developing countries and for Ukraine as well. Our country has shown positive dynamics in this rating over the past 5 years. This year we planned to achieve significant progress and even rank among the TOP-50 through the adoption of the draft law No.8124 that was expected to make things easier for small and medium-sized businesses. However, the erkhovna Rada did not have time to consider it, so now we should keep the previously acquired positions. The resolution approved by the Government will allow Ukraine to hope for getting +4 positions in the rating and can help us rank among the TOP-10 in terms of the “construction” component,” the BRDO Head Oleksiy Honcharuk said.
The resolution developed by the BRDO and the Ministry of Economy provides for:
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