Doing business 2010 is out: how is Ukraine doing?

Better than last year but still not so great. Ukraine is #142 out of 183 countries and  moved up by  3 places. It moved up by 34 places in Protecting Investors category which caused the overall progress.

According to the report the business environment in Ukraine is above median in Getting Credit (30th place, moved down by 3 places), Enforcing Contracts (43,  +3), Employing Workers (83, +7).

It is really bad in Paying Taxes (181, +1), Dealing with Construction Permits (181, 0), and Closing a Business (145, 0).

This report is more accurate represenattion of business environment than Global Competitiveness Report because it is based both on subjective and objective data. For example, if we look on how the ranking for paying taxes is computed, it use hard data and compute an index as described in methodological section:

"Doing Business records the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of the administrative burden in paying taxes and contributions. Taxes and contributions measured include the profit or corporate income tax, social contributions and labor taxes paid by the employer, property taxes, property transfer taxes, the dividend tax, the capital gains tax, the financial transactions tax, waste collection taxes and vehicle and road taxes."