Implementation of the Doing Business 2016 roadmap begins in Ukraine  

On January 12, the Cabinet of Ministers of Ukraine published an order approving the plan on implementation of the best practices of quality and effective regulation as reflected in the World Bank Group’s methodology of the Doing Business ranking for 2016.

The Better Regulation Delivery Office’s experts together with the Ministry of Economic Development and Trade of Ukraine created this roadmap of changes in the regulatory policy of Ukraine based on the analysis of the methodology of the ease of doing business assessment in the global Doing Business 2017 ranking.

Proposed 57 steps to simplify doing business in Ukraine were combined into 43 positions in the final document. These 43 positions are related to preparing and making amendments to the draft laws on business registration, construction start, connection to electricity supply networks, protection of investors rights, getting loans and other indicators, by which the ease of doing business is measured in the world.

“The Strategy for Sustainable Development “Ukraine 2020” approved by the decree of the President of Ukraine and the Coalition Agreement also provides for the implementation of regular practices within the Doing Business ranking. However, there was no coherent view of necessary reforms before the adoption of the order. The approved order of the Cabinet of Ministers of Ukraine was the first Ukrainian coherent and detailed plan in the ranking’s context,” the Better Regulation Delivery Office’s drafting team leader says.

As the National Reforms Council’s project manager of the deregulation reform Dmytro Romanovych said, “if we perform this, we will enter the TOP 50 already in October of 2015 and in the TOP 20 countries in terms of the ease of doing business according to the World Bank’s methodology – next year.”

The text of the order and the action plan can be found here.