Pavlo Sheremeta: Strained situation in eastern Ukraine won't hamper economic reforms

posted 13 June 2014 15:36

The strained situation which the eastern Ukraine is facing doesn’t constitute a barrier to the economic reforms within the state. The Minister of Economic Development and Trade Pavlo Sheremeta announced on air of Radio Svoboda [Freedom].

“Such difficult environment appears not a bad time for the reforms, as in fact there is no choice any more. It is unfortunate time for the economic growth and we don’t hope for certain growth in 2014 in practice. But, with regards to the reforms, and Georgia demonstrates rather a good example, the complicated conditions the country faces and even, probably, certain military activities on its territory, don’t hamper performing actions directed to deregulation and simplifying of the business environment,” Pavlo Sheremeta stressed.

According to the Minister, in the time of slowdown more technical laws should be introduced. He stressed the Ministry of Economic Development and Trade suggests to the Cabinet of Ministers and the Verkhovna Rada of Ukraine new laws on simplifying of making business, which consequently facilitate the country to approach closer to European integration”.

“Two laws approved recently are technical ones. These are laws on standardization and metrology enabling to synchronize our technical regulation, which in turn gives a chance to improve export. When the situation all around the territory of Ukraine calms down, and particularly in the East, I consider our economy will be much better prepared to use those opportunities, the peacetime provides,” the head of the Ministry summed up.