Business news from Ukraine

RELAXATION OF RULES OF CONNECTING TO POWER GRIDS TO ALLOW UKRAINE TO CLIMB TO TOP 30 OF DOING BUSINESS RATING

25 May , 2020  

The relaxation of the rules of connecting to power grids would allow Ukraine to climb in the Doing Business rating from 64th position to the top 30, Ukrainian Prime Minister Denys Shmyhal has said.
“In 2012, we started from one hundred and fiftieths positions, then we gradually moved to 71st, and today we are in the 64th position in the world among almost 190 countries. Our goal is the top 30,” he said in an exclusive interview with Interfax-Ukraine.
As the prime minister said, this is not about status, but about specific indicators that are important for investors.
“Today, they say that Ukraine is very good for investment, but just a few parameters bother them. The key parameter is the connection to the power grid. We are between 120 and 130 places in terms of connection to the power grid. If we improve this indicator, then automatically, without other efforts, we enter the top 30 of the overall rating,” Shmyhal said.
He said that this would mean that regional competition with neighboring countries of Poland, Hungary, and Romania is won.

,