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Investing in Ukraine: Top 10 best cities for business

Business climate in Ukraine: top list of the best cities. Photo: pixabay

Business climate in Ukraine: top list of the best cities. Photo: pixabay

Khmelnytskyi ranked first in the rating of Ukrainian cities in terms of a favorable business climate and effective economic management.

The data of the research "Competitive Economy of Ukraine" are testimony to this claim. The company Info Sapiens conducted it together with the Institute for Economic Research and Policy Consulting with the support of the USAID program.

Khmelnitsky scored 67.65 points out of 100 possible and ranked first among Ukrainian cities. Ivano-Frankivsk and Lviv ranked second and third in the rating, respectively.

In total, the group with a high index included 10 cities:

  • Ivano-Frankivsk (65.41),
  • Lviv (64.75),
  • Mukachevo (64.61),
  • Bakhmut (64.55),
  • Ternopil (64.47),
  • Vinnytsia (63, 75),
  • Mariupol (62.27),
  • Oleksandriia (62.22),
  • Melitopol (61.02),
  • Chernihiv (59.96).

Kiev ranked only thirtieth in the indicated rating, gaining 50.27 points.

The index indicator is derived according to 10 criteria that assess various aspects of the cities’ competitiveness of cities. In particular, these include the level of access to public property, transparency and openness of data, the cost of legal compliance, as well as taxes and fees, etc.

Context. In 2020, Zhytomyr region became the best for doing business, and Mykolaiv region became the most unfavorable.

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