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Ukraine becomes less competitive

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According to the Global Competitiveness Report 2016-2017 published by the World Economic Forum, Ukraine dropped to 85th in the ranking of global competitiveness.

Ukraine lost six places this year and got 85th place in a ranking of 138 countries. Greece, Algeria, Honduras and Cambodia were lower than Ukraine.


Experts pointed out some of the most problematic factors that influence business in Ukraine:


Switzerland, Singapore, the US, the Netherlands and Germany are top. Yemen was last.

Top-10 leaders:


BACKGROUND: The World Economic Forum (WEF) is a Swiss nonprofit foundation, based in Cologny, Geneva. Recognized by the Swiss authorities as the international institution for public-private cooperation, its mission is cited as “committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas”.

Recommended reads: Ukraine: “cheapest for foreigners”Ukrainian IT company among fastest growing in EuropeFitch twice downgrades Ukraine’s economic outlook.

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