President of Ukraine Petro Poroshenko signed the decree №317/2017 "Issues of the National Investment Council of Ukraine" (NIC) dated 10 October 2017, which specifies the organizational principles of the work of the National Investment Council and approves its personal composition.

In accordance with the said decree, First Vice Prime Minister of Ukraine - Minister of Economic Development and Trade of Ukraine Stepan Kubiv became a member of the NIC.

The personal composition of the National Investment Council also includes the leadership of the Ministry of Infrastructure of Ukraine, the Ministry of Justice of Ukraine, and the Ministry of Energy and Coal Industry of Ukraine. CEOs of international companies and international financial organizations that are actively investing in Ukraine will also take part in the work of the NIC.

Background

The National Investment Council is established as consultative and advisory body under the President of Ukraine. The policy objectives of the NIC aimed to intensify the development of the investment potential of Ukraine, increase the volume of foreign investments, improve the investment climate in the country and ensure the protection of the investors' rights, to stimulate leverage of foreign and national investments in the development of the economy, study  initiatives and potential proposals for investment projects, analyze problems hindering investment in the Ukrainian economy, to elaborate draft legislation acts on investment activities.