Ukraine moves 13 positions up in Index of Economic Freedom.

Ukraine moved 13 positions up in the Index of Economic Freedom and now ranks 134th.

“Ukraine’s economic freedom score is 54.9, making its economy the 134th freest in the 2020 Index,” reads the report on the website of The Heritage Foundation research and educational institution.

As noted, Ukraine’s overall score has increased by 2.6 points due to higher scores for judicial effectiveness, government integrity, and trade freedom.

According to experts, the adoption of the law on the sale of agricultural land would increase annual GDP of Ukraine by about 1.5 percentage points.

Singapore, Hong Kong, New Zealand, Australia, Switzerland and Ireland top the ranking.

The economic freedom is measured based on 12 quantitative and qualitative factors, grouped into four pillars of economic freedom: rule of law (property rights, government integrity, judicial effectiveness); government size (government spending, tax burden, fiscal health); regulatory efficiency (business freedom, labor freedom, monetary freedom); open markets (trade freedom, investment freedom, financial freedom).

In 2019, Ukraine ranked 147th in the Index of Economic Freedom.

ol

Related news

Ukreximbank's Supervisory Board open to crisis calls from customers, encourages them to official, transparent communication.

The Supervisory Board of the State Export Import Bank (Ukreximbank, Kyiv) welcomes open communication by the Bank's clients and is ready to attend to any matters brought to the attention of the Supervisory Board through the Bank's official communi...

1 1

Ukraine's hryvnia strengthens to UAH 26.60 to U.S. dollar on June 9

The official forex rate against the euro for Tuesday is fixed at UAH 30.15 per euro.

DTEK Energy posts UAH 7.5 bln net loss in Q1 due to crisis in energy sector – report

DTEK Energy received a net loss of UAH 7.492 billion with revenue of UAH 12.78 billion in January-March 2020, the group said in its report released on Friday.

Ukraine world's second-largest exporter of organic produce to EU.

In 2019, the EU imported 3.24 million tonnes of organic products, of which more than 10% was delivered from Ukraine.

1 6

Ukraine's foreign reserves stand at USD 25.4 bln

Foreign reserves now cover 4.4 months of future imports – sufficient for Ukraine to meet its commitments, and for the government and the NBU to make their current transactions.

By continuing to browse World News (UAZMI), you acknowledge that you have read the Terms of Use and agree to the use of cookies