About past, present and future of Ukraine

Search mobile

Main Business Denys Shmyhal: Ukraine is building a free economic space for investors to feel comfortable

Business

Denys Shmyhal: Ukraine is building a free economic space for investors to feel comfortable

336
Denys Shmyhal: Ukraine is building a free economic space for investors to feel comfortable

Share this article


The Government has set up an Interagency Working Group on Accelerated Deregulation. It has already presented its first recommendations - to cancel 47 licenses and permits under the jurisdiction of the Ministry of Economy. Prime Minister Denys Shmyhal announced during a Government meeting on January 31.

"These are the rules governing the export and import of goods, rules in the field of investment activity, intellectual property, and technical regulation," the PM explained.

At the meeting, the Cabinet of Ministers also adopted a decree amending the action plan for deregulation and improvement of the business climate. According to the Prime Minister, more than 30 points are being added to the list of simplifications.

"This concerns administrative procedures, transport, logistics and IT, healthcare and social services, the oil and gas sector and the environment, as well as the agricultural sector. Governmental decisions to implement this plan will be adopted throughout 2023," said Denys Shmyhal.

In addition, the Government approved amendments to the draft law on environmental impact assessment. According to the Prime Minister, these changes are intended to optimize the procedure, in particular, to fully digitize it and significantly reduce the timeframe for its passage.

"We are removing discretionary powers in decision-making, i.e. we are removing opportunities for abuse by officials. We are confident that businesses will positively evaluate these changes. We are building a free economic space for investors to feel comfortable. After all, the private sector is the backbone of our economy, and it will become a key element of Ukraine's post-war reconstruction," emphasized Denys Shmyhal.


The Odessa Journal
more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...