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Doing Business Regional Profile 2016Doing Business sheds light on how easy
 or difficult it is for a local entrepreneur to open and run
 a small to medium-size business when complying with relevant
 regulations. It measures and tracks changes in regulations
 affecting 11 areas in the life cycle of a business: starting
 a business, dealing with construction permits, getting
 electricity, registering property, getting credit,
 protecting minority investors, paying taxes, trading across
 borders, enforcing contracts, resolving insolvency and labor
 market regulation. Doing Business 2016 presents the data for
 the labor market regulation indicators in an annex. The
 report does not present rankings of economies on labor
 market regulation indicators or include the topic in the
 aggregate distance to frontier score or ranking on the ease
 of doing business. This regional profile presents the Doing
 Business indicators for economies in OECD High Income. It
 also shows the regional average, the best performance
 globally for each indicator and data for the following
 comparator regions: European Union (EU), East Asia and the
 Pacific (EAP), Europe and Central Asia (ECA), South Asia
 (SA) and Latin America.. The data in this report are current
 as of June 1, 2015 (except for the paying taxes indicators,
 which cover the period January–December 2014).
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Doing Business Reform MemorandumBulgaria experienced strong economic
 growth prior to and shortly after joining the European Union
 (EU) in 2007. Under the better regulation program, the
 government adopted over 100 measures to reduce the
 regulatory and administrative burden, but no formal
 mechanism was introduced to regularly monitor and review its
 implementation at the national or municipal level. Some
 areas, in which entrepreneurs expected to see improved
 efficiency, actually saw setbacks. The time needed to get a
 construction permit, import license, or operational license
 almost doubled between 2008 and 2013, and senior managers of
 firms reported that they were spending more time, 22 per
 cent in 2013 , dealing with public officials or public
 services than in 2008, when it took 14 per cent of their
 time. The final diagnostic study considered in this memo is
 the Doing Business report, which is also the basis for the
 reform recommendations presented in the document. According
 to last year’s Doing Business report, business regulation in
 Bulgaria varies significantly across the areas measured.
 Bulgaria is among the global top 50 performers in 4 of the
 10 areas, specifically, protecting minority shareholders
 (14th), getting credit (23rd), resolving insolvency (38th),
 and starting a business (49th). Bulgaria‘s performance lags
 behind in four areas, getting electricity (125th), dealing
 with construction permits (101st), paying taxes (89th), and
 enforcing contracts (75th).
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Doing Business Economy Profile 2016This economy profile for Doing Business
 2016 presents the 11 Doing Business indicators for Ukraine.
 To allow for useful comparison, the profile also provides
 data for other selected economies (comparator economies) for
 each indicator. Doing Business 2016 is the 13th edition in a
 series of annual reports measuring the regulations that
 enhance business activity and those that constrain it.
 Economies are ranked on their ease of doing business; for
 2015 Ukraine ranks 83. A high ease of doing business
 ranking means the regulatory environment is more conducive
 to the starting and operation of a local firm. Doing
 Business presents quantitative indicators on business
 regulations and the protection of property rights that can
 be compared across 189 economies from Afghanistan to
 Zimbabwe and over time. Doing Business sheds light on how
 easy or difficult it is for a local entrepreneur to open and
 run a small to medium-size business when complying with
 relevant regulations. It measures and tracks changes in
 regulations affecting 11 areas in the life cycle of a
 business: starting a business, dealing with construction
 permits, getting electricity, registering property, getting
 credit, protecting minority investors, paying taxes, trading
 across borders, enforcing contracts, resolving insolvency
 and labor market regulation. The data in this report are
 current as of June 1, 2015 (except for the paying taxes
 indicators, which cover the period from January to December 2014).