Ukraine has risen to four positions in the Ease of Doing Business annual ranking, securing 76th place among 190 countries, an improvement after last year's 80th place. "We continue to reform the country," President Petro Poroshenko said on Facebook on Wednesday, 25 October.
The rating has not yet been officially published.
In 2011–13 Ukraine ranked 149-152, in 2014 raised to 112th place, in 2015 – 87, in 2016 – 83 place.
In March, the Cabinet of Ministers of Ukraine has developed a package of bills aimed to improve business climate, the adoption of which could allow Ukraine to rise to the top 40 rankings in Doing Business.
The Ease of Doing Business index is an index created by the World Bank Group. Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights.