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Ukraine can go up in Doing Business-2017 by 15 positions - Stepan Kubiv
18:23, 6 September 2016
Ukraine can go up in Doing Business-2017 by 15 positions - Stepan Kubiv

Every point in the Doing Business rating brings the state about $ 500-600 million of investments

18:23, 6 September 2016

Stepan Kubiv
Open source

Ukraine can go up in the rank of ease of doing business (Doing Business-2017) by the World Bank by 15 positions. This was stated by Stepan Kubiv, the First Vice-Prime Minister - Minister of Economic Development and Trade, according to Interfax-Ukraine.

"I think the improvement will be up to 15 positions," - he said to the journalists on Tuesday. According to him, Ukraine's dynamics in the ranking largely depends on the progress of adopting new bills.

Related: High-tech office to develop innovative projects to open in Ukraine

It is also stated that the government asks the Verkhovna Rada to consider the bill #3132 on improving the efficiency of bankruptcy procedures, which should improve Ukraine's position in the ranking by 8 points.

According to the government's Priority Action Plan for 2016 the Cabinet of Ministers purposed to implement the necessary legislative initiatives by the end of the year, which would allow Ukraine to improve its position and enter top 50 in 2017, and top 20 in 2018.

Ukraine went up from 87th in 2015 to 83rd place in 2016 in the ranking of Doing Business. According to the average estimates of experts, every point in the Doing Business rating brings the state about $ 500-600 million of investments.

Related: Poroshenko announced a joint Ukrainian-Indonesian business forum

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