fbpx
Size of letters 1x
Site color
Image
Additionally
Line height
Letter spacing
Font
Embedded items (videos, maps, etc.)
 

Cautious optimism: Western Ukrainian entrepreneurs assess the ease of doing business in the region

01/ 12/ 2021
  For the second year in a row, the European Business Association is conducting a survey among member companies represented in the regions on the ease of doing business. According to the newest results, entrepreneurs from the Western Ukrainian region turned out to be the most optimistic among all four other regions with EBA representation. Thus, the integrated value of the ease of doing business index amounted to 2.95 points and remained at last years level. More than half of the respondents, namely 52%, consider the conditions for doing business in the region satisfactory (74% last year), while the opinions of others are divided – 24% say they find it difficult to do business, and another 24% say it is easy. Last year, only 6% rated the business environment as favorable. The assessment in dynamics showed that most companies believe that the conditions for doing business have not changed – 43% or have deteriorated – 38%. And only 19% say that it has become easier for them to do business. This year, bureaucracy came first among the TOP-3 factors that negatively affect the ease of doing business in the region, followed by corruption and unsatisfactory infrastructure. Last year, this anti-rating in the region was led by corruption, and bureaucracy was in third place. About 52% assessed the state of transport infrastructure in the region as satisfactory, 29% as negative, and 19% as good. And these estimates have improved significantly compared to last year. As in the previous year, the priority tasks for further improvement of the transport infrastructure included the reconstruction of highways and the modernization of railways. We also asked the company to assess the quality of cooperation with local authorities. It turned out that the work of local courts (2.1), the state environmental inspectorate (2.65), and the state employment inspectorate (2.9) were evaluated the worst by business representatives, and the work of the regional customs (3.2) and the regional traffic police (3.19 points) were evaluated the best. To improve the business environment in 2022, entrepreneurs are primarily looking forward to improving the work of courts and law enforcement agencies, effectively combating the shadow economy, and reducing the burden on the payroll fund. Looking ahead, the vast majority of respondents, including 57% do not expect significant changes in the business climate over the next six months, another 24% hope for positive changes, and 19% fear the situation will worsen. One-third, namely 33% of companies, are planning new large-scale investment projects for 2022. Besides, 43% plan to expand the staff, and 86% plan to increase wages. For reference:  The survey was conducted among the member companies of the EBA Western Ukrainian office from October 19 to November 16, 2021. The press release is available at the link.

For the second year in a row, the European Business Association is conducting a survey among member companies represented in the regions on the ease of doing business. According to the newest results, entrepreneurs from the Western Ukrainian region turned out to be the most optimistic among all four other regions with EBA representation.

Thus, the integrated value of the ease of doing business index amounted to 2.95 points and remained at last year’s level. More than half of the respondents, namely 52%, consider the conditions for doing business in the region satisfactory (74% last year), while the opinions of others are divided – 24% say they find it difficult to do business, and another 24% say it is easy. Last year, only 6% rated the business environment as favorable.

The assessment in dynamics showed that most companies believe that the conditions for doing business have not changed – 43% or have deteriorated – 38%. And only 19% say that it has become easier for them to do business.

This year, bureaucracy came first among the TOP-3 factors that negatively affect the ease of doing business in the region, followed by corruption and unsatisfactory infrastructure. Last year, this anti-rating in the region was led by corruption, and bureaucracy was in third place.

About 52% assessed the state of transport infrastructure in the region as satisfactory, 29% as negative, and 19% as good. And these estimates have improved significantly compared to last year. As in the previous year, the priority tasks for further improvement of the transport infrastructure included the reconstruction of highways and the modernization of railways.

We also asked the company to assess the quality of cooperation with local authorities. It turned out that the work of local courts (2.1), the state environmental inspectorate (2.65), and the state employment inspectorate (2.9) were evaluated the worst by business representatives, and the work of the regional customs (3.2) and the regional traffic police (3.19 points) were evaluated the best.

To improve the business environment in 2022, entrepreneurs are primarily looking forward to improving the work of courts and law enforcement agencies, effectively combating the shadow economy, and reducing the burden on the payroll fund.

Looking ahead, the vast majority of respondents, including 57% do not expect significant changes in the business climate over the next six months, another 24% hope for positive changes, and 19% fear the situation will worsen. One-third, namely 33% of companies, are planning new large-scale investment projects for 2022. Besides, 43% plan to expand the staff, and 86% plan to increase wages.

For reference: 

The survey was conducted among the member companies of the EBA Western Ukrainian office from October 19 to November 16, 2021. The press release is available at the link.

If you have found a spelling error, please, notify us by selecting that text and pressing Ctrl+Enter.

Start
in the Telegram bot
Read articles. Share in social networks
0 Shares

Spelling error report

The following text will be sent to our editors: