Doing Business 2013, the report of The World Bank and International Finance Corporation, was published. Konnov & Sozanovsky representatives – senior lawyer Alexey Pokotylo and lawyer Mikhail Pergamenshik – participated in preparation of the rank providing information regarding leading business in Ukraine.
Doing Business report has been published by The World Bank Group each year since 2003. The researchers gather information from various sources, including expert comments of lawyers. Konnov & Sozanovsky regularly provides data about legal regulation of different spheres of business activity.
2013 report analyzes opportunities of doing business in 185 countries based on quantitative indicators on regulating 11 areas of the life of a business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and employing workers.
According to Doing Business 2013, Ukraine is on 137th place in the rank, which means that leading a business in Ukraine is quite hard. However, it is mentioned that the processes of starting a business, registering property and paying taxes have been eased.