Arseniy Yatsenyuk urges Parliament to support the bills to be considered during an economic day in the Verkhovna Rada

During the economic day in the Parliament the MPs should adopt anti-monopoly laws, which, in particular, introduce an effective mechanism of management state-owned companies, transparent privatization, encourage investment, envisage a moratorium on inspection of business and reduce permissions. Prime Minister Arseniy Yatsenyuk said in Parliament on Thursday, November 12.

Arseniy Yatsenyuk expressed gratitude to Chairman of the Verkhovna Rada of Ukraine Volodymyr Groisman for the decision to hold a thematic day in Parliament: "We have finally come to the conclusion that we should consider laws in packages regarding reforms in each particular area".

Today there is the so-called economic day in the Verkhovna Rada, he stressed. This day is devoted to the bills submitted by the Government and MPs of Ukraine aimed at reforming several areas, namely anti-monopoly and competitive acts.

"There have been submitted for considering by the Parliament the draft laws designed to improve control over economic concentration, to fix the clear algorithm of calculation fines and increase the transparency and publicity of activities of the Antimonopoly Committee of Ukraine", stressed the Head of Government.

According to Arseniy Yatsenyuk, one of the core problems of the Ukrainian economy appear "the monopolies that have been created throughout two decades": "Monopolies prevent the development of economic competition. Hence, the Government asks you to support a package of bills on fight against monopolies and transparent and strict investigations of any plots of monopolists in the Ukrainian market".

The second set of issues concerns the need to introduce an open and effective mechanism of management of state-owned companies: "A number of public companies still remain a corruption-based element in the system of state ownership. Therefore, the Government offers to enact appropriate laws to provide an opportunity to cardinally change the system of management by state property objects and to engage foreign independent advisers and observers into this process".

The Government also urges the Parliament to vote for the amendments to the law on privatization, that "will deprive the Ukrainian oligarchs of a chance to buy 5% of shares at a low value and then drive away foreign investors who are willing to invest, to create jobs and to buy at a high value, thus, they are not ready to fight with the Ukrainian tycoons, who hamper foreign investors to transparently and honestly purchase the corresponding objects".

"If these changes are backed, the first and principal object to be sold through a transparent and honest tender is the Odessa port plant", stressed the Head of Government.

Another package of laws that awaits approval by the Parliament concerns drawing investment. These are, in particular, the bills to encourage public and private partnership, to extend preferences for industrial parks, to eliminate takeover schemes and to reform the state control.

"We put forward a proposal to return to the moratorium on inspections of businesses. We also offer to create a single integrated automated system of state supervision in order to make it clear who controls whom and to open access to data concerning the level of influence by public authorities in this process. Apart from that, we suggest to increase the legal protection of entrepreneurs", said Arseniy Yatsenyuk.