Experts to name best Ukrainian region for doing business
The Better Regulation Delivery Office (BRDO) and the Ukrainian Union of Entrepreneurs (UUE) have launched their second regional analysis of ease of doing business, which will result in the publication of the Regional Doing Business rating.
The research is based on the World Bank’s methodology, which has been adapted to the country’s specific regional features, EU4Business reports.
The BRDO is funded by the European Union within the framework of the FORBIZ project and the EU4Business Initiative, with the aim of simplifying the process of doing business and providing effective state regulation in key sectors of the economy.
Regional Doing Business is an annual research assessing the investment climate in all the 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 Hlazkovasaid.
“In addition to six general areas, we will also analyze the implementation by the regions of recommendations provided by our experts based on the results of the first Regional Doing Business last year. 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 advice,” 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 results of the rating will be presented in early autumn.
The BRDO has invited business representatives to join the research and give their feedback on doing business in their region.