Ivano-Frankivsk in western Ukraine is the country’s most transparent city for investors, according to Transparency International Ukraine’s Transparency in The Investment Sector Ranking, published on Oct. 29.
The ranking, part of Transparency International Ukraine’s TransparentCities project, takes into account a variety of criteria, including the level of transparency of regulations, amount of public hearings, success in resolving conflicts of interest, and the availability of information in English.
“Building our investment transparency ranking, we saw which cities are making the most of their efforts to inform potential investors about the benefits of investing in their city, creating more transparent conditions for starting a business, their willingness to take into account the business voice when making decisions that directly affect it”, says Kateryna Tsybenko, head of TransparentCities project.
Ivano-Frankivsk received 15 out of 20 points, leading the way in the involvement of activists and business in setting regulations and providing access to public information. The city, however, lags behind others in the implementation of electronic auctions.
Kyiv was second in the ranking, with 12.7 points. The capital was let down by a poor score in the involvement of business in setting regulations. Vinnytsia came third with 12 points.
Among the regional capitals, Kharkiv, Poltava and Cherkassy trail behind the others significantly in the transparency for investors ranking. Kharkiv gained only 3.75 points, receiving a zero in twelve categories. Poltava and Cherkassy gained only scores of 1.2 and 0 in total, respectively.
Transparency International Ukraine’s TransparentCities project also analyzes regional anti-corruption policies, deregulation, and access to public information in cities all over Ukraine.
