President of Ukraine

Volodymyr Zelenskyy: Updated government should stimulate investments

2 September 2019 - 16:46

Volodymyr Zelenskyy: Updated government should stimulate investments

President of Ukraine Volodymyr Zelenskyy commissioned the new government to improve the business climate in the country, revise the labor legislation and introduce a single e-services system in cooperation with the Parliament.

During a meeting with the leadership of the Verkhovna Rada, the Cabinet of Ministers and the law enforcement bodies, the Head of State noted that in order to stimulate investments, the Parliament should adopt a law on concessions and a law on the lease of state and communal property (new version) by October 1, 2019. It should also adopt a law stimulating investment activity in Ukraine and strengthening the protection of foreign investment by January 1, 2020.

In addition, by December 1, 2019, the Government must hold negotiations and sign production sharing agreements with winners of competition for subsoil use.

The President of Ukraine also stated that in order to improve the business climate in the country, it was necessary to create conditions for commercial banks to reduce lending rates, for availability of mortgages and lending to business by October 1, 2019.

At the same time, the Head of State commissioned the Cabinet of Ministers to submit a bill on the Financial Investigation Service to the Verkhovna Rada by October 1. The Parliament was commissioned to adopt this document by December 1.

The President stressed the importance of de-shadowing the economy. For this end, it is necessary to submit to the Parliament the draft laws on the legalization of gambling and amber production by October 1. These documents must be approved by December 1.

In addition, by January 1, 2020, it is necessary to revise and approve the new Labor Code of Ukraine. Among other things, it is necessary to narrow the scope of informal employment, in particular, by significantly increasing the responsibility for shadow economy.

According to Volodymyr Zelenskyy, it is necessary to approve the plan for deregulation and ensuring the provision of permits in electronic form by January. The top 30 most popular services for citizens and business must also be switched to electronic form. It is also necessary to simplify the procedure and reduce the cost of connection to the electricity and gas networks owned by private monopolists for citizens and business.

In order to implement “A State in a Smartphone” project, the President considers it necessary to carry out a full audit of the state registers and their ordering, to verify and establish the identity of citizens in the basic registers and to provide a unique identifier for the related data.

The Head of State also stressed the need to create conditions for electronic elections and electronic census. The priorities are to accelerate the completion of the Unified State Demographic Register, introduce a single portal of electronic services, e-cabinet of a citizen with access to information about himself from the registers and electronic services "yeMaliatko", ID14, eHealth.