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 Ukrainian Politics, Economics
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 Ukraine has improved in Doing Business ranking by 16 positions -Yatseniuk

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Despite the fact that Ukraine is having military economy and the government and the country are actually in a state of war, the government continues carrying out the reforms and changes which are much needed, so that over the certain period of time the economic situation could stabilize.

Prime Minister of Ukraine Arsenii Yatseniuk said at a government's session on Wednesday, Jan. 28, Censor.NET reports citing Government portal.

According to senior officials of the International Monetary Fund and foreign creditors, he noted, "the main problem is, objectively, a war that was unleashed by Russia", "But we will do what proves necessary to stabilize the economic situation, as sooner or later the war will end, peace will come. However, peace must be fought for by all means and tools, and not a single step backwards. As well as not a single step backwards in pursuing the economic reforms".

Arsenii Yatseniuk stressed that the Doing Business in Ukraine ranking of the World Bank's had improved for Ukraine by 16 points, "Last year we demonstrated significant improvement, and now [are up] from the 112th to the 96th position."

Read also: S & P downgraded Russia's sovereign rating to junk

He noted "very positive changes" in registering property ranking - an improvement by 29 positions, in the paying taxes system - by 49 positions: "Thus, our tax reform was assessed by the international community as a significant step towards improvement of the business climate in Ukraine."

However, the PM expressed concern in relation to the indicator of registration of business entities which "falls behind the showings of Europe and Central Asia." "We have an overall term of the process of registration of entrepreneurial activity amounting 21 days while it is required to have 12."

Arsenii Yatseniuk stressed the need to focus on these few showings "which will afford us through 2015 to grow by several dozen positions." He appealed to Minister of Economy Aivaras Abromavicius and Justice Minister Pavlo Petrenko to work on the issue to simplify the aforesaid procedure of registration. Moreover, the PM addressed Vice Prime Minister, Minister of Regional Development, Construction, Housing and Utilities of Ukraine Hennadii Zubko regarding procedure of obtaining construction permits: "We haven't improved our performance there either."

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The third item of the Doing Business rankings is getting electricity, reminded Arsenii Yatseniuk and appealed to the Minister of Energy and Coal Industry.

"The fourth is the responsibility of the National Bank - obtaining a loan. Here there are both rates and deposits," he stressed.

Arsenii Yatseniuk commissioned the Ministry of Finance in synergy with the Ministry of Economy within the framework of the improvement of Ukraine in making business ranking to elaborate this issue with the National Bank.

Concerning trading across borders ranking, the Prime Minister noted, "It is obvious that in the state of war it is rather complicated to improve our international trade just by using administrative tools. But it will depend on how successful our negotiations with the western partners will be, including with the International Monetary Fund, [how successfully - ed.] we will stabilize the balance of payments and start to gradually revitalize the economy."

Another ranking issue - resolving insolvency, according to him, is also "directly linked to the overall economic environment and, certainly, to the war, "Here we also have negative showings, but not positive."

"However, in general, plus 16 points for the country at war is not so good as I would like, but not so bad," Arsenii Yatseniuk summed up.

Read also: Minister of Economy intends to bring Ukraine into the top 50 countries in terms of doing business within two years

 
 
 
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