Government's priority tasks for 2021 include completion of land reform and Great Privatization – PM

Government's priority tasks for 2021 include completion of land reform and Great Privatization – PM

Ukrainian Prime Minister Denys Shmyhal says that among the Government's priority tasks for 2021 are the completion of a land reform and the Great Privatization.

He said this during a meeting with the ambassadors of the European Union member states, Ukrinform reports with reference to the Government portal.

"Last year we successfully kicked off and carried out small-scale privatization, this year we committed to raising up to UAH 12 billion from the sale of large-scale privatization objects," Shmyhal said.

During the meeting, the sides also touched upon attracting investment in Ukraine's economy. Shmyhal said that the Government at the last meeting authorized UkraineInvest to support large-scale investment projects, which is an important step in implementing the initiative of the President of Ukraine.

"We are making every possible effort to ensure conducive business conditions for investors. Starting from Diia City, ending with the introduction of the RAB-tariff formula in the energy sector. This is an absolutely European tool designed to reduce the cost of connecting investors to the power grid, which was one of the lowest indicators of Ukraine in the Doing Business rating," the PM noted.

In total, liberalization of trade between Ukraine and the EU, namely "industrial visa-free regime" and the integration of country’s energy system into the European Network of Transmission System Operators for Electricity (ENTSO-E) are concrete Government steps for further European integration of Ukraine.

Following the meeting, according to Shmyhal, both parties agreed on further joint steps, first of all, in terms of integration into the EU internal market and deepening sectoral integration.

As Ukrinform reported, President Volodymyr Zelensky signed a law on state support for investment projects with significant investments, aimed at restoring investment activity in Ukraine. According to the President’s Office, the law provides for state support to Ukrainian and foreign investors with a total investment of EUR 20 million or more.


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