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Volodymyr Groysman: Gov't does its utmost to respond to the economic aggression Ukraine is currently facing
06.10.2016 | 12:47

The Government is making every effort to ensure boost of the economy and meet the challenge of economic aggression, Ukraine is currently suffering from. The Prime Minister of Ukraine Volodymyr Groysman announced during the Kyiv International Economic Forum on Thursday.

"The Government will do its utmost to promote our national product with added value, to ensure its competitiveness, so that we could respond to the challenge of that economic aggression, Ukraine is currently facing, stressed Volodymyr Groysman.

Thus, the main task for the Government to address is to trigger economic growth. The Government determined a number of priorities and measures necessary to achieve this objective, the Prime Minister said. In particular, in the near future there will be created several mechanisms aimed at improving the business climate in the country.

Therefore, the Government is to present an Investment Support Office that must become the "entry point" for any investment. The Office will accompany major projects first, said Volodymyr Groysman.

"Its neither the amount of investment we need nor definite sum - we just need investment to be successful. I would really like that anyone who intends to invest in Ukraine, could invest and get result. This success will be reinvested in our country", he said.

The Prime Minister assured that he seeks to eradicate any pressure from regulatory bodies on business in Ukraine. According to him, investors, entrepreneurs demand a complete understanding of the rules, assurance that the state will not change the rules and an opportunity to predict the development in the medium and long run.

"I want you to smoothly pass through customs clearance procedures, not to have problem with the VAT refund, to deprive you of visits of controllers who are trying to create obstacles for the development of your business. I want you could create workplaces, a competitive domestic product. I want to help you demonstrate good performance in the world markets. And the whole machinery of the state should be focused on that, including our diplomatic missions - all must work for Ukrainian business, the Ukrainian national product", emphasized the Prime Minister appealing to the entrepreneurs.

Also this month is due to be established a National Committee for Ukrainian industry restoration.

Volodymyr Groysman said that Ukrainian industry has great potential for growth. In this context, in his opinion, the essential objective for the Government is to address chronic problems of the sector and create the environment for the Ukrainian industry to fully utilize its potential.

According to the PM, here it is vital to explore new markets and create new mechanisms of presence in the world markets for Ukrainian products that should be innovative.

The above instruments envisaged by the Government will pave the way for accelerating economic growth, said Volodymyr Groysman.

The Prime Minister also focused on the national science issues and highlighted that the achievements of Ukrainian science should be of practical significance for the economy. "We must encourage creating our national research product that may be the driving force for the economy and solve a lot of current problems", he stressed.

In Ukraine it is crucial to break the old system that artificially generated factors preventing the development of the country, believes the Prime Minister. Among them are commodity economy, oligarchic governance model, high corruption, poor judiciary, abusive activity of the state apparatus, which makes it impossible to fully disclose the potential of the Ukrainian businesses and to create conditions for investment flows. The Head of Government singled out honest privatization as a priority as well.

"Our task is to create a favourable climate that will enable us to encourage investment, hold public privatization, attract both internal and external resources, declared Volodymyr Groysman. Our goal is to shape a real, open, high-quality public policies that will allow us to ensure sustainable economic growth, and therefore we can invest resources into the quality of life of Ukrainian citizens."

The Prime Minister expressed confidence that current Ukraines resources, such as human capital, natural resources, geographical location, and scientific solutions, make it possible to ensure progress of the country.

"I deeply believe that Ukraine being home to 45 million people is a country in the central Europe that has unsurpassed potential and must necessarily be successful", summed up Volodymyr Groysman.


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