Ukrainian seaports improved their positions in the WEF Global Competitiveness Report by 16 points

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For the fourth year in a row, seaports of Ukraine have improved their positions in the Global Competitiveness Report 2018, compiled according to the World Economic Forum methodology. The port services and infrastructure of Ukraine received a score of 3.5 points in the latest version of the report, published on the WEF website in October 2018, and according to this indicator, our country ranked 77th.

Improving the position of Ukrainian ports by 0.3 points compared with last year, allowed us to rise in the industry rating by 16 points. In 2017, Ukraine occupied the 93rd position.

“The results of the Global Competitiveness Report are a real assessment by the business of the changes that are occurring in the port industry and the logistics of the country as a whole. The draft of the Development Strategy of Ukrainian Seaports till 2038, the position in this rating is one of the key indicators of the USPA efficiency. Our work is aimed at bringing the Ukrainian ports to a level higher than 5 points,” – Raivis Veckagans, Head of USPA, commented the results of the 2018 report.

According to the results of the report, at present, none of the countries of the Black Sea-Azov basin in the level of competitiveness of port services and infrastructure has so far reached 5 points. However, for example, Turkey has already reached the indicator of 4.5 points and occupies the 50th place.

Singapore leads the global port industry ranking, which managed to get around the Netherlands.

The results of the port industry of Ukraine in the ranking based on the WEF methodology this year significantly exceeds the dynamics in other sectors of the transport infrastructure. The railway connection of Ukraine among other countries retained the same positions as last year, despite the improvement in the assessment by 0.4 points. Automotive infrastructure has risen only by 7 positions.

In general, in terms of the quality of infrastructure, Ukraine has significantly improved its position, rising by 21 points from 78th to 57th place.

The Global Competitiveness Index is a global study and accompanying ranking of countries in terms of economic competitiveness. Calculated according to the methodology of the World Economic Forum, based on a combination of publicly available statistical data and the results of a global survey of company leaders - an extensive annual study, which is conducted by the World Economic Forum along with a network of partner organizations - leading research institutions and organizations in countries that are being analyzed in report. The study has been conducted since 2004 and currently represents the most comprehensive set of competitiveness indicators for various countries of the world..

The WEF Global Competitiveness Index has 12 components. These are the quality of institutions, state of infrastructure, penetration of IT and modern communications, macroeconomic stability, consumer market, labor market, financial system, size of the domestic market, health, education and skills, dynamics of business development, ability to innovate.





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