Russia and Ukraine in the Rankings of the World Bank Doing Business – 2012

Expert’s opinion

Russia’s position in the ranking is increasing, Ukraine is falling down.

Let’s see who’s around these countries on the list.

Take three countries above and below. And that’s what we see:
Russia is surrounded by such countries:

117 – Kosovo  
118 – Nicaragua
119 – Cape Verde
120 – Russian Federation
121 – Costa Rica
122 – Bangladesh
123 – Uganda.

Ukraine is surrounded by the following countries:

149 – The Gambia
150 – Burkina Faso
151 – Liberia
152 – Ukraine
153 – Bolivia
154 – Senegal
155 – Equatorial Guinea.

Apparently, in Russia it’s better and more correct to reform economics, than in Ukraine. These two countries have different conditions of existence. Russia is rich in energy, but Ukraine is to the south of Russia. Russia is rich in raw materials, but Ukraine has advanced technological capabilities, which remained from the Soviet Union. Russia, in the end, is much bigger, than Ukraine.

But note: Ukraine was preparing for a long time to the UEFA EURO 2012. Russia is preparing for Winter Olympic Games. Russia has replaced the president and the Ukraine is expected next election. Both countries are in constant stress. Both are actively playing the game in the world geopolitical space and with each other. Every year Europe is watching the ups and downs of gas warfare.

Nevertheless, Russia becomes more attractive for doing business, and Ukraine is getting worse and worse.

The conclusion is obvious and sad. I suggest everyone to do it for themselves.

By the way, on the top of ranking is Singapore, and Chad summarizes  this ranking.

If the dynamics of counties will be the same, Russia after 5 years (still with Mr. President Putin) will be released in the first hundred! Well, while Ukraine will remind Burundi, Djibouti and Zimbabwe ... Bananas are the main source of Ukraine's GDP?

Intrigue.

We are looking forward to the data for 2012.

On the basis: http://www.doingbusiness.org

Yaroslav Lomakin ( Managing Partner of Honest & Bright Company Ltd )