|
The Ukrainian business environment is marked by bureaucracy and
corruption. However, there has been recently moderate progress on
economic reforms, including land reform, price liberalization, reducing
barriers to trade and tax reform.
Buoyant economic conditions and a continuing current account surplus
have permitted the external financial situation to improve. Thanks
to initiation of tax reforms, fiscal policy has been relatively
disciplined with Ukraine emerging from its over-indebted situation.
Ukraine’s income tax rate has been lowered to a flat 13 percent
and the top corporate tax rate to 25 percent.
2004 Index of Economic Freedom
| Rank |
Score |
Trade Policy |
Fiscal Burden |
Government Intervention |
Monetary Policy |
| 117 |
3,49 |
3 |
3,9 |
3 |
3 |
| Foreign Investment |
Banking and Finance |
Wages and Prices |
Property Rights |
Regulation |
Informal Market |
| 4 |
3 |
3 |
4 |
4 |
4 |
Source: Heritage Foundation, 2004
|
|
IMPORTANT !
The current version of Centreurope.org is not fully updated anymore. A new version with thousands of pages about Central and Eastern European countries will be launched at the end of 2007, in seven languages.
|