Doing Business in Ukraine in 2010

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Economy of Ukraine - Wikipedia

Of course, these developments were excellent news for the lawyers, and so in a short few years the Kiev legal scene changed rapidly to accommodate the growing segment of newly rich businessmen. Foreign law firms started to dominate the market.

Doing Business in Ukraine: Overview of major taxes

Second, the Ukrainian Presidential elections stalled most large-scale investment deals until the election of the new President. The effects of this perfect storm can still be felt in almost all Kiev law firms. The two factors, responsible for this lingering effect, remain the same: a lack of economic recovery and b the arrival of the new Yanukovych administration i.

Today, the slow pace of economic recovery is frustrating for both businessmen and lawyers alike. At the same time, the tools necessary for improvement are in place: for better or for worse, the new administration consists of wealthy businessmen and former Kuchma administration officials, who know very well how to run a country.

The Underachiever: Ukraine's Economy Since 1991

Unlike the previous schizophrenic government, which was co-headed by Yulia Tymoshenko and Victor Yuschenko, the current leadership has no real opposition. This is vital to foreign investors, who were previously held hostage to the constant in-fighting amongst members of the same government. Other editions. Enlarge cover. Error rating book.

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Doing Business in Ukraine in 2010

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Doing Business in Ukraine in by Alex Frishberg ,. Alexander Paskhaver. Roman Popadiuk. Get A Copy.

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Kindle Edition. Zeit : Dienstag, The most detailed chapter of the Ukrainian reform programme is devoted to problems in the business sphere and the formulation of necessary steps for improvement of the poor business climate.

In , according to the World Bank Doing Business report, Ukraine was ranked as before the index recalculation in out of countries. The Independent International Experts Commission see report suggested Ukraine's goal should be to progress in this ranking by 40 positions during The reform programme itself is far less ambitious and claims to reach this goal by Looking at the slight improvement of only two points made in according to the Doing Business report, the expectations in this reform area should not be too high. The programme lists ten reform areas, out of which three - food safety, technical regulation of standards and norms, and reforms of customs control - are focused on harmonisation with EU and WTO rules and will in fact lead to more, but better regulation with respect to international competitiveness.

However, as long as the red tape is a usual means of dealing with administrative barriers, positive trade effects of harmonised regulations will be overcompensated by negative effects of additional bureaucratic burden born by enterprises.