Ukraine will rise ten places in the Doing Business 2016 ranking of the World Bank, rising from 96th out of 189, President of Ukraine Petro Poroshenko has said.

"We have preliminary information that Ukraine will rise by at least ten steps," he said while speaking to students at the Ivano-Frankivsk National Technical University of Oil and Gas.

At the same time, Poroshenko stressed he is dissatisfied with this result and said it is necessary to accelerate the implementation of reforms in Ukraine after the upcoming local elections.