The Cabinet of Ministers today announced the repeal of almost 400
out-dated, inconsistent and often conflicting regulations that were deemed to
facilitate corruption and to seriously impede the business environment, as well
as adopting certain regulations to improve the investment climate in Ukraine.
In presenting the changes, First Deputy Minister of Economy Maksym Nefyodov explained
that this decision will remove significant barriers to doing business in
Ukraine and will open up Ukraine's market to new investment.
The repealed regulations include impediments in the food and
logistics/transport sectors, as well as the exploitation of natural resources
and energy area and dual purpose goods, among others. The regulations adopted
to improve the business climate included easing licensing and market access for
businesses in the IT, logistics, legal services, pharma and
agribusiness sectors. Mr. Nefyodov announced that a full list of the
regulations will be published in the next few days.
Prime Minister Volodymyr Groysman commented that this was
not the end of the Ukrainian government's deregulation efforts. He emphasized
that these changes were designed to streamline licensing and regulatory
procedures and to reduce the administrative burden on business in the country
and to make new regulations coherent, transparent and understandable to
business.
The Prime Minister also reached out to the business community to continue
to engage with the government on continuing to fight administrative corruption
by removing their instruments. "We need to continue to teach the state
apparatus that it can no longer create nightmares for business," he
concluded.
According to Prime Minister, the Government is determined to remove all
barriers and obstacles for businesses development in Ukraine.
"We need to create conditions so that no one can intentionally impede
business. We are working to remove all barriers, all obstacles to stimulate
business quickly," Volodymyr Groysman said.
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