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File 11

World Bank Director for Belarus, Moldova and Ukraine at the presentation of a new global annual ranking’s report Doing Business-2014 acknowledged Ukraine is the first country as to the number of notaries that evidences excessive business regulation. Without doubt this fact means the entrepreneur activities in Ukraine face pile of obstacles and impediments. “It is vitally to use a “regulatory guillotine”, notably to abolish obsolete laws and regulations that do not operate now. Though these laws and regulations are not virtually effective they give many ways to corruption prospering”, considers Qimiao Fan.