Annual survey to identify best Ukrainian city for doing business

Annual survey to identify best Ukrainian city for doing business

The FIANANCIAL -- An EU-supported project has launched its second regional analysis on doing business in Ukraine, which will result in the publication of the ‘Regional Doing Business’ rating.

This annual research aims to assess the investment climate in all the regions of Ukraine as of 1 July of a given year, according to EU4business.

Based on the World Bank’s methodology, adapted to the country’s specific regional features, the rating will take into account the components that could be influenced and changed by local authorities, from obtaining construction permits and registering a land plot to starting the actual business and paying local taxes.

The survey will be conducted among representatives of local businesses in the framework of the FORBIZ project and the EU4Business initiative.

In addition to six general areas, the survey will also analyse the implementation by the regions of recommendations from last year’s survey. According to EU4Business, these recommendations were provided to all regions and aimed at facilitating a dialogue between the government and businesses, reducing administrative burdens on business and increasing the investment attractiveness of Ukraine’s regions.

The EU-funded FORBIZ project supports Ukraine’s reform agenda and its economic recovery by proposing a systemic, smart change to a more business-friendly environment, with a particular focus on small and medium-sized enterprises (SMEs). It seeks to steer a shift in policy towards greater recognition of SMEs and the vital role they play in economic recovery, while addressing the challenge of reducing regulatory burden and lessening risk for businesses.