Economic Development Ministry to continue deregulation policy in 2017

Economic Development Ministry to continue deregulation policy in 2017

The Ministry of Economic Development and Trade plans to continue reducing the number of permitting documents so that to ease business activities in Ukraine. 

Stepan Kubiv, Vice Prime Minister - Minister of Economic Development and Trade of Ukraine, stated this during a seminar “Economic development of regions: strategy and tools for attracting investments and raising export potential,” an Ukrinform correspondent reported.

“In 2017, we’re planning to continue a large-scale deregulation. We’re planning to reduce the number of permitting documents: tax, customs, foreign exchange restrictions. We’re also planning to convert the process of obtaining at least 80% of permits and licenses into an electronic form," said Stepan Kubiv.

He noted that Government had already made certain steps to remove barriers that prevented business from development, namely: the number of types of agricultural activities subject to licensing was reduced to current 30 from 56. Also, the terms of business registration were reduced to one day from five.

"The mandatory certification for 90% of goods was reduced and quarantine certificates were canceled, which costed UAH 2 billion per year for businesses. Also, about 15,000 Soviet state standards were abolished," Stepan Kubiv added.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: