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  • Stable and sustainable business development is the target of the Government's economic reforms, assures Volodymyr Groysman
    posted 22 February 2018 15:12

    Economic reforms being implemented by the Government are aimed to ensure sustainable and stable business development, which is a key source of investment attraction and a guarantee of economic growth. This was stated by Prime Minister of Ukraine Volodymyr Groysman during a meeting with representatives of business circles of Sumy region.

    "The real sector should be heard. This is a guideline for me. The Government's goal is to reach a steady 5% growth plus. This requires investments, hence the business is a source of investment. And we are creating conditions for conducting business, "the Head of Government emphasized.

    He stressed significant steps in this direction are decisions on deregulation, changes in the work of the fiscal authorities and the controlling bodies. "We changed the system of control and supervision - only risk-oriented approaches", the Prime Minister undercored.

    Volodymyr Groysman underlined existence of problems in many spheres and stressed the work is underway. Thus, in the part of export promotion, the Export Credit Agency, the Export Promotion Office and the UkraineInvest Investment Promotion Office were created.

    "At one time, I was interested in shaping the conditions for technical re-equipment. For most sectors, the possibility of modernization was of paramount importance, hence we have provided such an opportunity - a VAT installment. We also prepare and implement decisions seek to promote our own production and give priority to our own product. Yes, we compensate 25% of the cost of Ukrainian agricultural machinery with a localization of 50% plus. We are putting in practice a program of support for agrarian sector, especially farmers," the Head of Government claimed.

    No less interesting experience gained through cooperation with the global giants. "Tomorrow, on February 23, PJSC Ukrzaliznytsya signs a framework agreement with General Electric. We are reaching an accord that the localization of production will be 40% and we will join the global production network of the American company," underscored the Prime Minister.

    The Head of Government stressed that  he is open to business and is poised to support any initiatives that do not carry corruption risks.