About past, present and future of Ukraine

Main Business — Ukraine has exited the group of economically dependent countries for the first time

Business

Ukraine has exited the group of economically dependent countries for the first time

19 Sep, 2023
214
Ukraine has exited the group of economically dependent countries for the first time

Share this article

For the first time, Ukraine has not entered the group of the most economically unfree countries, ranking 112th out of 165 jurisdictions, according to the updated report 'Economic Freedom in the World' by the Fraser Institute, as reported by the Bendukidze Center, which is the national partner of the institute in Ukraine.

"Ukraine has exited the group of economically unfree countries for the first time. In the updated ranking, Ukraine ranked 112th out of 165 jurisdictions and moved up to the third quartile," the Bendukidze Center emphasizes.

Researchers highlight the most significant improvement in the area of government activity, particularly in matters related to transfers, subsidies, and state ownership of assets.

Additionally, there has been an improvement in the indicators of the legal system due to the ongoing judicial reform.

A positive change, albeit modest, has also been noted in the regulatory environment, especially in the regulation of credit markets (interest rate controls), regulation of entrepreneurial activity (bureaucratic costs), and competition freedom.

However, the reliability of money and international trade freedom have slightly decreased due to inflation.

The Odessa Journal

The Odessa Journal

more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...