Thursday, January 21, 2010

Ukraine: it is somewhere between Togo and Liberia

Heritage Foundation and Wall Street Journal publishes 2010 Index of Economic Freedom. Ukraine occupies proud last place out of all European countries and 162 out of 179 evaluated countries, finding itself just between Togo and Liberia. Ukraine gets high scores for Fiscal, Monetary and Trade Freedom, but is ranked quite low in Business, Investment, Financial freedoms. Also Ukraine gets low scores on Property rights protection and Freedom from Corruption. Source

Apparently biggest opportunity for Ukraine lies in improving its business climate, property rights protection and fighting corruption. These tasks are no surprise and have been apparent for years, however, they have never been popular with Ukraine's political elite.

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