Ukraine Economic Freedoms Rated as “Repressed”

On February 13, P3DP’s COP Mick Mullay joined over 90 members of the business community to discuss implications of Ukraine’s poor ranking in the Heritage Foundation’s 2014 Index of Economic Freedom. Ukraine’s economic freedom score of 49.3 classifies it as a “repressed” economy, placing it in the bottom 15 percent of the almost 200 countries evaluated.

Ukraine’s ranking last out of 43 countries in Europe highlights how difficult progress is made. James Roberts, Research Fellow for the Heritage Foundation, noted the opaqueness of public procurement is one area needing significant reform. P3DP is working to improve procurement policies and practices of munipalities by introducing international PPP standards.