Volodymyr Groysman: Gov't is ready to do its utmost to ensure the success of every dollar of investment in Ukraine

The Government of Ukraine will do its utmost to ensure the success of business and investment, involved in Ukraine. Prime Minister of Ukraine Volodymyr Groysman stated this at the Ukraine Energy Conference on Thursday, June 30.

"We would like very much every dollar, every euro, every hryvnia, being invested in the economy, to be successful. We are interested in this. We are interested not just in investment. We are interested in your success, so that your experience encourages other companies to take part in the Ukraine’s economy," emphasized Volodymyr Groysman.

The Prime Minister pointed out that over the past two years a number of important decisions have been taken to overcome the systemic problems of the country, particularly in the areas of deregulation, effective fight against corruption, the launch of fundamental reform of the judicial system. Thus, has been created all necessary legislation to effectively combat corruption, newly established anti-corruption bodies have started their functioning. Ukrainian Parliament has recently launched the judicial reform. "Within several years, Ukraine will have an accessible judicial system, an open, transparent system that will protect human rights and establish justice in our country. The Government will support this reform, so that a fair trial appears in Ukraine as soon as possible," noted Volodymyr Groysman.

One of the first steps undertaken by the Government was the establishment of the market-based gas price, aimed at creating real market conditions in the energy sector, the Prime Minister reminded.

Also, the Government has privatized one of the largest state-run enterprises - Odessa Portside Plant - and continues appointing the management of Ukrainian companies selected as a result of open competition.

The Prime Minister emphasized that the National Bank of Ukraine is undertaking currency deregulation and expressed hope that this process will continue. Moreover, the Government continues further work with the International Monetary Fund.

From August 1, all public procurements will be made through ProZorro public e-procurement system, said Volodymyr Groysman. "This means that Ukrainian companies will have extra possibilities of competitive participation in the process of production and its sale for public use,"  he said.

Volodymyr Groysman informed about the creation of the Investment Support Office under the auspice of the Prime Minister.

Volodymyr Groysman underlined that excessive regulatory bodies will be eliminated until 1 July. "The Government and I as Prime Minister object to any pressure on the business, and are ready to protect those who may still suffer from various supervisory bodies," he stressed.

The Prime Minister stressed that the strategic task of the Ukrainian Government is the revival of the national economy. According to him, Ukraine has to move away from a commodity-based economy.

Volodymyr Groysman reminded that the maintenance of macroeconomic stability, as well as economic growth are the priorities of the Government.