The Cabinet of Ministers of Ukraine, at a meeting on
Friday, adopted a decision to abolish about 100 legislative acts, which today
have no legal grounds and hamper the process of making business in Ukraine.
Within 2 months ministries
and other authorities can provide motivation for reinstatement of these
normative legal acts.
Prime Minister of Ukraine Volodymyr Groysman said he
had had in recent days several meetings with representatives of Ukrainian and
"Everyone is complaining about those ridiculous
regulations hindering economic growth and slowing down investment in Ukraine.
This means that the due environment in different areas has not yet been
established", he stressed.
However, entrepreneurs noted the positive effect produced
by certain steps taken by the Government.
Namely, at the end of 2016, in the framework of ‘the
deregulation day’ the Government canceled more than three hundred ordinances
and regulations that restricted business activities in Ukraine.
"Experts calculated that 367 acts make up 3
thousand pages of various regulations and requirements that the Ukrainian
business must abide by, the business that works in Ukraine. Just imagine how
much time it will take you to read them, then to implement, and not to make
mistakes, because each mistake can be unpleasant with the view to punitive
sanctions", said Volodymyr Groysman.
He noted that after the cancellation of regulatory
acts there had been fixed a period for concerned ministries and authorities to
appeal and resume their effect. "There haven’t been received any
appeal", stressed the Head of Government.
The development of the national economy is among
topmost priorities for the Government, emphasized the Prime Minister.
"Our challenge is - at the moment when there are
a lot of people who want to block our economic development, to block our
country’s economy, destroy it from the outside and inside - just to work more
vigorously to preserve the economic upturn", he underscored.