Ukraine intends to enter top 50 of 2016 Doing Business rankings – economy minister

13:28, 06.11.2015 1 min read

Ukraine plans to enter the top 50 in the Doing Business rankings of the World Bank next year, Economic Development and Trade Minister of Ukraine Aivaras Abromavicius has said.

"Now Ukraine is 83rd, while two years ago we were 112th. We plan that next year we will enter the top 50 of the Doing Business rating," he said while speaking at IV CEE Investment Conference organized by CFA Institute in Kyiv on Friday.

He said that deregulation will remain the top priority for his ministry over the next few years, adding that 40% of permits have been liquidated and special attention has been given agriculture and transport.

Abromavicius also announced the creation of the new deregulation office with 70 employees which will focus on relaxing tax administration, connections to power lines, and other issues.