Crawling Deregulation: Why Ukraine’s Economy is Still Heavily Regulated

Despite the approved Deregulation plan and better position in the Doing Business rating, the state of Ukrainian economy is still complicated. How to change the situation?

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Having a history of enormous government involvement in the economy during the Soviet past, since gaining independence in 1991, Ukraine has been gradually reducing both government ownership and government intervention in the economy. However, in 2014, despite the efforts, Ukraine remained a rather regulated economy.

Figure 1. Doing business rank of Ukraine by pillars

Source: Doing business reports

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The author doesn`t work for, consult to, own shares in or receive funding from any company or organization that would benefit from this article, and have no relevant affiliations