In a new report, the World Bank says Ukraine is the country that has improved the most over the past year in making it easier to run a business.
The bank released its latest "Doing Business" report on October 28, ranking 189 countries according to criteria such as ease of opening a business or paying taxes.
Singapore retained its No. 1 position in overall rankings, followed by Hong Kong, New Zealand, and the United States.
But Ukraine -- ranked 112th -- was the top improver in 2012-13, implementing reforms in eight of the 10 areas measured by the report.
Russia, which climbed 20 positions to 92, showed the third-best improvement, implementing reforms in five areas.
Such reforms make it easier to start a business, deal with construction permits, register property, and trade across borders.
The bank released its latest "Doing Business" report on October 28, ranking 189 countries according to criteria such as ease of opening a business or paying taxes.
Singapore retained its No. 1 position in overall rankings, followed by Hong Kong, New Zealand, and the United States.
But Ukraine -- ranked 112th -- was the top improver in 2012-13, implementing reforms in eight of the 10 areas measured by the report.
Russia, which climbed 20 positions to 92, showed the third-best improvement, implementing reforms in five areas.
Such reforms make it easier to start a business, deal with construction permits, register property, and trade across borders.
