Rating of the best countries for business: what has Ukraine achieved?

Rating of the best countries for business: what has Ukraine achieved?

30.12.2016 News

For the year Ukraine dropped 13 points lower in the world ranking by business publication Forbes «Best Countries for Business”: from 61 to 74 place. According to the research, which included the analysis of the basic conditions for doing business in different countries of the world, since the beginning of 2016 Ukraine’s index dropped significantly.

Among the main reasons of the deterioration of the business climate is reducing of the turnover due to the “war of sanctions” with Russia, and the loss of the enterprises in the occupied Donbas. On the other hand, the journalists of the periodical also talk about the prospects for Ukraine, which opened after the signing of the free trade zone treaty with the European Union: its provisions may affect the harmonization of national legislation in the field of business management and open the access to new markets.

Interestingly that according to the results of the above study, Russia was on 79 place, Poland ranked 31, Georgia – 43. Among the leaders are Switzerland, New Zealand, China (Hong Kong) and Ireland. Totally 139 countries were included into the rating.

Also read: Among the 1 million companies operating in Ukraine only 16% of employees work in IT

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