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President Poroshenko sure Ukraine soon to be in top-50 of the Doing Business rating

In his words, the government has achieved macro-financial stability, improve its banking system, adopt an education reform, a healthcare reform, a judicial and a pension reforms.
12:46, 26 January 2018

112 Agency

The President of Ukraine Petro Poroshenko expects the country to enter the top-50 list of countries in the Ease of Doing Business ranking compiled by the World Bank, Interfax-Ukraine reports.

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“The head of state expressed confidence that the country will achieve even better results and will be among the world’s 50 leading countries in the Doing Business rating.” The presidential press service informed about this on Thursday, 25 January, after Poroshenko gave a speech at the investment event of the Ukrainian Venture Capital and Private Equity Association (UVCA) at the Ukraine House in Davos, where the 48th annual meeting of the World Economic Forum is happening.

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“Very soon we will be among the leading 50 countries, that is absolutely possible,” the President said.

Poroshenko praised the role played by the European Bank for Reconstruction and Development (EBRD), the World Bank, the International Monetary Fund (IMF), international financial institutions and others in supporting Ukraine’s reforms.

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“Today we had a discussion about whether the glass half full or empty. I have a new idea and hope Mr President [EBRD President Suma Chakrabarti] will agree with me – it is not half any longer, we already have more. And this is an important message – please, do not waste any time waiting for summer or autumn. The time is now and the place to be is the Ukraine House in Davos. We are waiting for you, investors,” Poroshenko stated.

The President noted how much has been done in the area of the investment climate improvement.

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“Ukraine has changed. You may visit and see with your own eyes,” the head of state claimed.

According to the President, this year over 80 worldwide corporations requested to meet with the Head of the Ukrainian state. “This is a good indicator of how attractive Ukraine is for investors and how confident they are in our success,” Poroshenko said.

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President Poroshenko also gave examples of how Ukraine has changed in the recent time. In his words, the government has achieved macro-financial stability, improve its banking system, adopt an education reform, a healthcare reform, a judicial and a pension reforms. Also, important measures have been implemented in the areas of cybersecurity and countryside healthcare. A new law on privatization has been adopted as well.

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“At the time of my election, Ukraine did not have 3G connection due to inefficiencies in governance. Very soon we will open the envelope for 4G connection, which is very lucrative for many potential investors,” he said.

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