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  • Ukraine's PM and Minister of Economy and Finance of France Michel Sapin discussed with representatives of French businesses the progress in improving business climate in Ukraine
    posted 28 October 2016 15:10

    Prime Minister of Ukraine Volodymyr Groysman and Minister of Economy and Finance of France Michel Sapin met on Friday with representatives of the French businesses working in Ukraine.

    Volodymyr Groysman referred to the enormous potential of bilateral economic relations of Ukraine and France, particularly the growth of trade and investment. 

    The Prime Minister informed the interlocutors about the actions of the Government to improve the business environment in Ukraine. Thus, a series of measures aimed at combating corruption were introduced, namely, formed the necessary legislation, and created structures designed to curb corruption.

    He also accentuated that the judicial reform had been launched in Ukraine to obtain an efficient system of justice.

    The Government also prepared new amendments to the Tax Code that will simplify tax administration, noted Volodymyr Groysman.

    Speaking of promising areas for investment, the Head of Government noted that Ukraine can also achieve a huge growth in the agricultural sector through the implementation of innovations and increase of deep processing on the territory of Ukraine.

    The Minister of Economy and Finance of France Michel Sapin commended the efforts of the Ukrainian Government on pursuing the reforms in Ukraine, noting that in France "the situation is calm, but the process of reforms is rather complicated".

    In turn, Volodymyr Groysman thanked for the assessment of the work of the Government. He noted that reforms in Ukraine are "not just underway, but also yield the result".

    The Prime Minister stressed that the Government had stabilized the economic situation in Ukraine.

    He also noted that the Government had established an ongoing dialogue with business. "Every two months, a Government’s team meets with business representatives and these meetings are realized in practical solutions. Our task is to ensure success of business in Ukraine, and we'll do it", said the Prime Minister.

    Present at the meeting Secretary of the National Investment Council Borys Lozhkin noted that infrastructure, aircraft construction, IT sector were currently attractive for investment in Ukraine.

    "It's an exciting time for investors. Come to Ukraine now ", he said.

    At this, the representatives of French businesses stressed the improvement of business climate in Ukraine.

    In particular, representative of Credit Agricole S. A. Jérôme Brunel noted "great progress in improving the judicial system." The PDG Atlantic company's representative Pierre-Louis François expressed satisfaction with the level of skills of Ukrainian workers. With having production facilities in Odessa he noted that the company plans opening in Ukraine a center for scientific and research solutions.

    The company Soufflet that is engaged in the production of seeds, expressed hope that Ukraine will be able to negotiate the opening of EU market for seeds produced in Ukraine. In turn, Engie company members told about plans to develop alternative energy in Ukraine.

    "The businesses that are operating in Ukraine, demonstrate absolutely optimism. They tell how they are working, increasing their investment", said Volodymyr Groysman commenting later on the results of the meeting with the business.