The Business Environment of Georgia and Ukraine: Approaches to a Comparative Analysis
The Business Environment of Georgia and Ukraine: Approaches to a Comparative Analysis

Summary/Abstract: The formation of a favourable business environment and the intensification of entrepreneurial activity on this basis is one of the priorities of economic policy of governments around the world. The aim of this article is to conduct a comparative analysis of some of the characteristics of the business environment of Georgia and Ukraine. The theoretical basis of the study is the understanding of the business environment as a necessary prerequisite for the implementation of entrepreneurial initiatives in a particular country. In the process of our research, the following methods were used: comparative analysis, generalisation, content analysis, correlation, and regression analysis. The authors studied the business environment of Georgia and Ukraine on the basis of an analysis of the following components; that of general economic, political and legal, financial, and fi scal. The results of the study show that Georgia’s business environment is more favourable than Ukraine’s. It is noted that between 2011–2020, Georgia made signifi cant progress in the fi ght against corruption, in simplifying the procedures for starting a business, and bettering access to fi nance. Both countries are reforming their tax systems towards liberalisation and democratisation, and they declare the functioning of special tax regimes. According to the Paying Taxes indicator, which is calculated within the Doing Business rating, Georgia improved its result from 61st position in the ranking in 2011 to 14th position in 2020, while Ukraine improved its result from 181st place in 2011 to 65th place in 2020. It is indicated that between 2011–2020, Ukraine showed signifi cant positive dynamics in in-

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