Ukraine tops ratings of largest gainers in ease of doing business since 2010 – FT

"Good news! The Financial Times has recognized Ukraine as the first among all post-Soviet countries in terms of an improvement in the business climate," Ukrainian Prime Minister Volodymyr Groysman wrote on Facebook on Tuesday, January 2. "The pace of our country's development has turned out to be the best."

Read alsoUkraine in global rankings: Should we expect a breakthroughUkraine has improved its business climate by 24.21 points in seven years, from 2010 to 2017, up to 63.9 points (0-100 scale), according to FT Research, shared by Groysman.

As UNIAN reported earlier, the Verkhovna Rada on November 16 planned to consider bill No. 6540 on improving the investment climate, which would help the country enter the TOP 50 of the World Bank's Doing Business rating. However, the bill was removed from the parliament's agenda.

Ukraine climbed by four positions in the World Bank's Doing Business 2018 ranking due to easier rules for construction permits, better safeguards for minority investors ensured by the publication of information on deals with related parties, as well as due to a reduction in a single social security tax rate.

Previously, the Economic Development Ministry projected that Ukraine might rise by 10 positions in rating, up to the 70th place, which could potentially bring an extra $1 billion in investment annually.