At the session of the National Council of Reforms, President Petro Poroshenko emphasized the importance of continuing deregulation, simplifying business conditions and attracting investors to Ukraine.
“Attraction of investments and deregulation are crucial. Creating business climate is a vitally important position for the economic development of the state,” Petro Poroshenko said.
The President believes it is not only about the amount of money attracted in the form of foreign direct investment to the Ukrainian economy. It is the position of creating new jobs and ensuring tax income in state and local budgets. It is also a fair judicial system when the investor can find protection, fair tax system when taxpayers are considered the first men in the state, fair customs system, efficient struggle against corruption, transparent and efficient privatization and efficient stock market.
“These are components of favorable investment climate in Ukraine,” the Head of State said.
The President emphasized that over the past two years, a series of very important steps had been made. “The procedure for starting business has been greatly simplified: the amount of documents and time required has been decreased by 40%. The number of permits has been reduced from 143 to 84. Thus, Ukraine has improved its position in the Doing Business rankings,” he said.
According to the Head of State, the number of inspections by the State Fiscal Service has been reduced three times. This primarily applies to small and medium business. “We should create conditions to provide efficient functioning for those who have made a responsible decision to start business, create jobs and pay taxes,” the President stressed.
The Head of State underscored the necessity of continuing further deregulation. “This is what business expects from us,” the President said.
Petro Poroshenko noted that not only the number of licenses, permits and certificates must be reduced, but also the procedures in construction and exports should be simplified significantly.
According to the Head of State, such liberalization will attract foreign not only European investors. Negotiations during the visits to the Southeast Asia have demonstrated interest of their investors in Ukraine. The President reminded that he had taken part in the launch of 4 powerful enterprises with foreign investments during his regional working trips all over Ukraine.
“I think that it is a very good example,” the President said.
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