Ukraine will rise significantly in the prestigious ranking of Doing Business – Nefedov

In 2018, the Ukraine may significantly rise in one of the most popular international rankings, which prepares the world Bank’s Doing Business, – which characterizes the state of the investment climate and ease of doing business in the country. This was stated by first Deputy Minister of economic development and trade of Ukraine (MEDT) Maxim Nefedov, reported the press service of the Ministry.

Doing Business is one of the main ratings, which are guided by investors when selecting a country for investment. This year we initiated the visit to Ukraine of the mission, which will independently evaluate the reforms, interviewing business experts. Last year, the Commission has not acted, so we did not get a few positions in the ranking. If all changes are taken into account, that, according to our estimates, will add Ukraine 10 places in the ranking”, – said Maxim Nefedov.

Nefedov said that the Ministry initiated amendments to the decree of the Cabinet of Ministers of Ukraine № 1406 “On approval of the action plan for the implementation of best quality practices and effective regulation, as reflected by the world Bank Group in the methodology of the rating “doing business” in 2016″.

The head Office of effective regulation Alexey Goncharuk, in turn, presented the steps taken in 2016-2017 to improve Ukraine’s position in the ranking. Potter noted such key steps as the introduction of administrative liability for the representatives of the authorities for refusing the adoption of the document without the seal and facilitate the procedures of registration of land ownership.

There is also increased access to electricity – now electricity transmission organization is obligated to pay compensation to the consumer if the power interruption exceeds 24 hours.

In addition, the Ministry initiated changes to the List of dual-use goods, by reducing the amount of these goods that facilitates the work of importers and exporters. It is expected that such reform will improve the position of Ukraine on the component “international trade”.

Progress in the ranking may not be an end in itself, but a rating is a token reforms. The Ministry of economic development jointly with the Office of effective regulation has developed an action plan to increase investment attractiveness of Ukraine. The improved position in the ranking will help to attract additional foreign investment,” – said Goncharuk.

Deputy Minister of regional development, construction and housing and communal services of Ukraine Lev Partskhaladze told about innovations in the construction sector, which will have a significant impact on the rating.

According to him, the new law No. 2020-VIII regarding the improvement of conditions of conducting construction activities, which entered into force on 12 may 2017, will improve Ukraine’s position in Doing Business rating in terms of “Obtaining building permits”, as well as deregulation in the industry.

The act simplifies the operation of the construction business due to the abolition of the procedure for obtaining the initial data and technical conditions of the State service for emergency situations, backed as it is by design.

The law also improves the quality control of the works, as reglamentary obligatory presence of higher education in implementing construction works.

In addition, according to Partskhaladze, this document defines the legal conditions to improve the collection of data of the state statistical reporting on the steps taken in the completed objects — the function of the building Inspectorate transferred to the local governments, and obligations to provide statistics in this area do not exist.

As reported earlier, the Verkhovna Rada has cancelled the obligatory presence of wet imprints on official documents. It is expected that the implementation of provisions of the bill will raise Ukraine by a few points in the Doing Business rating.

Recall that in 2016 Ukraine has climbed three positions to 80th place in the ranking of ease of doing business Doing Business. A year earlier, the Ukraine went up by 13 positions in the ranking, finishing in 83rd place.