Ukraine has lost 10 positions. However, the value of composite index changed from 4.1 to 4 that is not significant change. Even though I agree with the assessment made by the World Economic Forum, it is highly subjective and does not capture such factors as 100% hryvna devaluation that made Ukrainian exports more competitive. Among all rankings of institutional and business environment, I would trust "Doing Business" and "Governance matters" produced by the World Bank more than GCR.
Having said that, here are the assessments:
Wednesday, September 09, 2009
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