Ukraine: Business environment at a glance. Check it out:
(EIU Viewswire Via Thomson Dialog NewsEdge) COUNTRY VIEW
FROM THE ECONOMIST INTELLIGENCE UNIT
Policy towards private enterprise and competition
2007-08: Regulatory system rationalised and streamlined; the number of regulations affecting business decreases further. Accession to the World Trade Organisation (WTO) ensures progress, including removal of the ban on foreign bank branches.
2009-11: Large-scale privatisation is completed.
Policy towards foreign investment
2007-08: Licensing requirements are simplified, but other barriers to investment inflows remain a problem.
2009-11: Foreign investors are still excluded from land sales.
Foreign trade and exchange controls
2007-08: Major exchange controls lifted, but trade liberalisation incomplete. Accession to WTO expected in 2007.
2009-11: Trend towards further reduction in tariffs. Progress towards an EU free-trade deal.
Taxes
2007-08: Expenditure management improves, but progress in broadening the tax base slows. Value-added tax (VAT) and profit tax rates are reduced.
2009-11: Implementation of a new tax code. Continued fiscal rationalisation, particularly regional fiscal management.
Financing
2007-08: Despite increased lending and greater consolidation, the financial sector remains underdeveloped.
2009-11: Large-scale foreign acquisitions in the banking sector end. Continuing weakness in financial supervision.
The labour market
2007-08: Strong real wage growth. Workforce migration continues.
2009-11: Increased productivity and restructuring bring continued growth in real wages, as well as higher unemployment.
Infrastructure
2007-08: Deferral of infrastructure maintenance and development; private investment mainly in telecommunications.
2009-11: Privatisation of sea port infrastructure is likely. Despite higher government capital expenditure, deteriorating infrastructure constrains economic growth.
Copyright 2006 Economist Intelligence Unit
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