The Cabinet of Ministers within the framework of the policy aimed at strengthening the economy and accelerating innovation development initiates amending the legislation on protection of intellectual property and submits its developments to the Verkhovna Rada of Ukraine for further consideration. This was stated by Prime Minister of Ukraine Volodymyr Groysman during the Government session.

The Head of Government emphasized legislative initiatives in the sphere of intellectual property, particularly in the field of patenting inventions and copyright regulations, were drafted as a result of numerous discussions between government officials and business persons, startups and inventors who are currently forced to register or sell their products around the world. Hence, this is a big loss, first of all for the country.

"The package of incentives offered by the Government creates normal conditions for conducting business," Volodymyr Groysman underscored.

Moreover, the Prime Minister aired a proposal concerning the creation of verification mechanisms and inventory of existing patents in Ukraine in order to study the range of inventions as well as compliance with fiscal discipline during the registration of patents and their use.