Monday, October 26, 2009

IFC on Ukraine's Business Environment

The IFC has a new report on Ukraine's business environment - it's conclusion

"Implementation of key 2005 and 2007 laws on permits and inspection�s remains limited. Where implementation has progressed, the results are positive and entrepreneurs need less time in which to comply with regulations, such as permits and inspections. Nonetheless, a burdensome and
overly prescriptive regulatory system remains a problem for Ukrainian businesses. The slow pace of reforms threatens the ability of Ukraine’s businesses to compete in the international marketplace and to cope with the ongoing crisis."


The IFC has been doing this survey for many years now - and unfortunately, is not willing to share its dataset with outsiders. An example of over-regulation if you'd ask me...

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