Everyone passes hard times

Yesterday the World Bank and International Financial Corporation (IFC) declared Doing Business-2009 rating, which in Ukraine, lowered 6 positions down, takes 145th place among 181 countries.

Ukraine’s fall in the rating was caused by worsening in “company making” and “international trade doing” branches. Serious improvements were noted in “employment” and “credit getting” branches. That was stimulated by Credit history bureau “facilitated the procedure of credit giving thanks to exchange of credit information between financial enterprises". But the President of Ukrainian Society of Financial Analysts Yuriy Prozorov supposes that mentioned simplification of credit giving system was temporary. "Experts paid their attention on ease of loan getting without noticing that rising rates make credits more unavailable. In autumn NBU will bring in some limitations for banks that will complicate the process of getting credit", – he sais.

The resource: Ъ-Ukraine