Ukraine was ranked 74th in Forbes list of best countries for business

Source : 112 Ukraine

Magazine called Sweden the best for doing business
17:45, 28 December 2016

Open source

Ukraine took the 74th place among 139 countries of the world in the Forbes ranking of the best countries for business.

Magazine called Sweden the best country for doing business, noting its economic growth over the last year by 4.2%.

The top 10 also include New Zealand, Hong Kong, Ireland, UK, Denmark, the Netherlands, Finland, Norway and Canada. United States is on 23 place.

Ukraine is located between Indonesia and Armenia. It is noted that the conflict in Donbas harms the economic growth of the country. Russia lost to Ukraine by 4 positions and took 79th place.

It should be also noted that among Ukraine's neighbors Poland was ranked 31, Slovakia - 40, Romania - 45, Moldova - 77. Belarus is absent in the Forbes ranking.

Haiti, Gambia and Chad are in the very end of the list.

Experts make up the list annually, assessing the country on several criteria. These include commercial and financial freedom, property rights, investment, and the level of corruption and personal freedoms.

Related: French business in Ukraine: Developments and prospects

Related: Unbearable lightness of exports: What hinders Ukraine in Doing Business ranking?

Related: Doing Business 2017 rating: Ukraine rises to 80th position

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