ENTERPRENEURSHIP ENVIRONMENT IN THE EASTERN PARTNERSHIP COUNTRIES: STATE AND PROSPECTS OF DEVELOPMENT
Journal Title: Економічна стратегія і перспективи розвитку сфери торгівлі та послуг - Year 2018, Vol 2, Issue
Abstract
172 УДК 65.011-026.9(4-11) 4 Ukraine considers one of the main priorities of its development closer integration into the European social and economic and political space. In this respect, Eastern Partnership is one of the main projects of the European Union, the countries of the former USSR: Azerbaijan, Armenia, Belarus, Georgia, Moldova and Ukraine. Each of these countries is at different stage of integration with the EU, carries out transformations in various areas of activity, including entrepreneurial activity as one of the determining economic development of these countries. Studying the experience of transforming the business environment in the Eastern Partnership countries will allow Ukraine to determine the main vectors of transformation of the conditions for doing business with a view to harmonizing them with the European ones. The purpose of the research paper is identifying ways of improving the business environment in Ukraine on the base of the Eastern Partnership countries experience. The data of the project Doing Business 2018 were used as the basis for the study. Despite the fact that the Eastern Partnership project has been operating since 2008, Ukraine has the worst indices in creating favorable conditions for doing business compared to the countries of the European Union and the Eastern Partnership, including countries which don’t have the goal of joining the European Union, in particular Azerbaijan, Armenia, Belarus. Obviously, slow reforms reflect the current situation in the country: Ukraine does not occupy the last places among the countries of the Eastern Partnership only according to building permits and loans getting and taxation, but according to the other indices it shows the worst positions. Extremely low indices of Ukraine according to “Resolution of Insolvency” significantly influence on the rating position of the country. The low ratings of Ukraine on doing business restrain the attraction of foreign investments and postpone the prospect of Ukraine’s membership in the European Union. Favorable business environment will help to attract investment in various sectors of the economy, create jobs, increase employment and income levels of the population, and accelerate the rate of economic development in general.
Authors and Affiliations
Вікторія Гросул, Марина Дядюк, Сергій Зубков
Keywords
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- EP ID EP454673
- DOI 10.5281/zenodo.2539173
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