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It is not that difficult for Ukraine to get into the top 30 of the Doing Business rankings, in this the country is limited by three factors, said Prime Minister Denis Shmygal.
Getting Ukraine into the top 30 of the Doing Business ranking and the top 50 of the global competitiveness ranking is a priority for the government, Prime Minister Denis Shmygal said on the air of the online conversation. “Ukraine and the world “, which was broadcast by NV.
It is not that difficult for Ukraine to break into the top 30 of the Doing Business rankings, Shmygal said.
“We are hovering around 60th. And we know exactly three parameters that keep us in the background. This is the connection to the electrical grid – the whole business knows it; this is the bankruptcy legislation that has been passed – go into effect, work With this legislation we will also be high, and the availability of financial resources. Three indicators that keep us in fact in 150 places in 190 countries, and our general indicator is in the 60s. If we raise these three indicators at least to the first hundred, usually there will be a breakthrough, “Shmygal said.
The prime minister called these three indicators “bottlenecks” for Ukraine.
“These are the risks that investors, both internal and external, perceive as key constraints in business development,” he explained.
According to Shmygal, Ukraine’s performance may increase due to changes in legislation.
“We have already taken the first steps. The so-called RAB tariff has been introduced in Ukraine. This is a part of the tariff that is reimbursed to the owners of the electricity networks and is directed by them, in fact, for reinvestment in development. of networks and, most importantly, to reduce the cost of connections. In addition to regulating the connection procedure itself “. We are also doing it. This is one of the priorities for companies and investors ”, he added.
Top 30 Doing Business – This is not only prestige, but also an important signal for investors, Shmygal emphasized in May 2020.
Ukraine’s President Volodymyr Zelenskyy believes that in three to four years Ukraine can enter the top 10 of the ranking.
In the Doing Business ranking, published in October 2019, Ukraine ranks 64th. In August 2020, the World Bank canceled the issue. Doing Business 2021 due to violations in the collection and modification of data. The rating was published 17 years in a row before.
The Verkhovna Rada voted for Ukraine’s Code on Bankruptcy Procedures at the first reading in March 2018 and finally approved it on October 18, 2018. In April 2019, the fifth President of Ukraine, Petro Poroshenko, signed the code. The last changes were made in October 2020.
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