fact that we are having military economy and the Government with the whole
country is actually in a state of war, we continue carrying out the reforms and
changes which are much needed, so that over the certain period of time the
economic situation could stabilize," said Prime Minister of Ukraine
Arseniy Yatsenyuk at a Government’s session on Wednesday, January 28.
According to the senior
officials of the International Monetary Fund and foreign creditors, he noted,
"the main problem is, objectively, a war that was unleashed by Russia”, “But
we will do what proves necessary to stabilize the economic situation, as sooner
or later the war will end, peace will come. However, peace must be fought for by
all means and tools, and not a single step backwards. As well
as not a single step backwards in pursuing the economic reforms".
Arseniy Yatsenyuk stressed that the Doing Business in Ukraine ranking of
the World Bank's had improved for Ukraine by 16 points, "If last year we demonstrated
significant improvement, now – from the 112th to the 96th position."
He noted "very positive changes" in registering property
ranking - an improvement by 29 positions, in the paying taxes system – by 49 positions,
"Thus, our tax reform was assessed by the international community as a significant
step towards improvement of the business climate in Ukraine".
However, the PM expressed concern in relation to the indicator of registration
of business entities which “falls behind the showings of Europe and Central
Asia”, "We have an overall term of the process of registration of entrepreneurial
activity amounting 21 days while it is required to have 12".
Arseniy Yatsenyuk stressed the need to focus on these few showings “which will afford us through 2015 to grow by several dozen positions". He appealed to Minister of Economy Aivaras Abromavicius
and Justice Minister Pavlo Petrenko to work on
the issue to simplify the aforesaid procedure of registration. Moreover, the PM
addressed Vice Prime Minister, Minister of Regional
Development, Construction, Housing and Utilities of Ukraine Hennadii Zubko
a procedure of obtaining construction permits, "There we haven’t improved our performance either".
The third item of the
Doing Business rankings is getting electricity, reminded Arseniy Yatsenyuk and
appealed to the Minister of Energy and Coal Industry.
"The fourth is
the responsibility of the National Bank – obtaining a loan. Here there are both
rates and deposits," he stressed.
Arseniy Yatsenyuk commissioned
the Ministry of Finance in synergy with the Ministry of Economy within the
framework of the improvement of Ukraine in making business ranking to elaborate
this issue with the National Bank.
Concerning trading across
borders ranking, the Prime Minister noted, "It is obvious that in the
state of war it is rather complicated to improve our international trade just
by using administrative tools. But it will depend on how successful our
negotiations with the western partners will be,
including with the International Monetary Fund, [how successfully – ed.] we
will stabilize the balance of payments and start to gradually revitalize the
Another ranking issue
- resolving insolvency, according to him, is also “directly linked to the
overall economic environment and, certainly, to the war, "Here we also have
negative showings, but not positive."
"However, in general, plus 16 points for the country at war is not so good as I would like, but not so bad," Arseniy Yatsenyuk summed up.