Each year the World Bank publishes a report which looks at how easy it is to do business in the main economies of the world. Their approach is to analyze ease of business in three categories, Steps, Time and Cost. The 2011 results show Ukraine in 145th place in the World.
Steps - The number of things you have to do to make your business work.
Time - The average time it takes to take the steps required by local law.
Cost - What does it cost to take these steps (including unofficial cash payments ordered by officials).
Analysis - When compared with other countries, Ukraine does very badly.
Ukraine has very complex and often contradictory business laws.
The Steps, Time and Cost of doing business are unattractive to foreign investors.
What takes a few months to do in America takes many years to do in Ukraine.
Officials looking for money can use their positions to stop your business at any time.
Patrick's suggestions to make business in Ukraine more attractive
- Less Steps will save time and give officials less chances to stop business until they get 'tips'.
- Centralize permit issuing offices to save time, speed up business and reduce corruption.
- The Official cost is not very high but officials do want very large private cash 'tips'. Reduce corruption opportunities.
Who can do this? Only Government can change these laws and Steps towards Increased investment and honest business.
Why should Government make it easier to do business in Ukraine? More business will help develop the Ukrainian Economy. This will mean more tax income for the Government. This also means more and better paid jobs for Ukrainian people. The extra tax money mean higher wages, better pensions, improves roads and a more secure life.
When should these changes be made? The faster these changes are made the faster the Ukrainian Economy will grow and the faster life will become better for the Ukrainian people.
What about people who don't want to change? Think about your children, your country and join with the heroes of the past to something good to help your country develop and take her place with the respected nations of the world.
Will it be easy? Change for the better needs people to believe and to work together to make Ukraine a better place for all. No important change is easy but every person who helps make that change is a hero to their country and their family.
The Future! Ukraine is a young country with great people and the possibility of a great future. With the help of God and your personal effort.....this WILL work. Do what you can to Make it happen! Take a step to a better future and a better life.
What can I do? Pray for Ukraine. Do what you can to make life better for your family, your region and your Country. Explain (peacefully) to any politician or official you know that a reduction in Steps, Time and Cost will help increase business and will help all the people of Ukraine. Pass this idea to people who can use it to help Ukraine.
Set a Target! I would like to see Ukraine be in the top 50 countries of the world within 10 years.
This is a link to the World Bank Report. 2011 will show Ukraine is in 145th place in the World for doing Business.
Ukraine can do much better than 145th in the World!
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