What city is the best one to do business and where can investors invest money?

The BRDO Office and the UUE start a regional analysis of ease of doing business. The second Regional Doing Business rating will be made based on the research results. The research is based on the World Bank’s methodology, which was adapted to the country’s specific regional features.

Regional Doing Business is an annual research assessing a favorable investment climate in all regions of Ukraine as of July 1 of a given year.

“The rating takes into account the components that can actually be influenced and changed by local authorities: obtaining construction permits, registering a land plot, connecting to electricity networks, starting a business and paying local taxes, and a new component is electronic services. The survey will be conducted among representatives of local businesses, and this will allow to assess the real business climate in selected regions and compare them,” the UUE’s Executive Director Kateryna Hlazkova said.

“In addition to general six areas, we will also analyze the implementation of recommendations provided by our experts based on the results of the first Regional Doing Business last year by the regions. 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 regions. So we will see who followed our advices,” the BRDO Head Oleksiy Honcharuk said.

The overall rating is measured by the sum of points obtained by the region for each of six components.

The maximum amount of points each region can obtain for each component is 100 points. The overall maximum possible amount of points is 600. The results of the rating will be presented in early autumn.

We invite business representatives to join the research and give their feedback on doing business.