The country climbed 7 spots this year in the WB’s 2020 Doing Business Ranking. As the Cabinet of Ministers of Ukraine reported on its website, Ukraine is ranked 64th among 190 countries.
“It is a positive sign for Ukrainian entrepreneurs and a green light for foreign investors,” said Oleksiy Honcharuk, the Prime Minister of Ukraine, in his commentary.
Ukraine improved in 6 of the 10 categories, showing the most progress in Protecting Minority Investors (+27 points) due to greater disclosure of information about ultimate beneficiaries. Progress in Dealing with Construction Permits (+10) was possible due to the following three factors:
Ukraine also improved in the Getting electricity, Trading across Borders, Registering Property, and Getting Credit indicators.
Ukraine’s economic outlook is promising so far. The International Monetary Fund (IMF) forecasts a 3% GDP growth until the end of 2019 and a 3% growth in 2020. The IMF expects inflation to reach 8.7% by the end of this year, and go down to 5.9% in late 2020.
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