The National Economic Strategy until 2030 (NES-2030) is 20 vectors with concrete initiatives designed to ensure economic growth and to increase the welfare of Ukrainians. This statement was issued by Prime Minister Denys Shmyhal during the forum "Ukraine 30. Economy without oligarchs" on June 14.
The Prime Minister recalled that NES-2030 was approved in March this year: "In three months we have already shown that we are moving in accordance with the Strategy, and this movement contributes to the recovery of Ukraine's economy."
Thus, Denys Shmyhal stressed that for the successful implementation of all reforms it is necessary to build a country with sustainable public finances and a developed financial sector.
"The Government has made a leap forward in this direction: on May 31, the budget declaration for 2022-2024 was endorsed. The budget declaration is a critically important document that has been developed for the first time. And it is important for our business because the certainty and predictability of the government is one of the foundations of successful cooperation, "Denys Shmyhal stressed.
The Prime Minister also spoke about the work towards the rule of law. In particular, the Bureau of Economic Security was established and the law №1150-IX was signed by the President of Ukraine.
The Head of Government noted that in parallel with dozens of small improvements in the regulatory environment, the Government is launching a new tool that will allow to open a sole proprietorship automatically, without the participation of the state registrar.
"This is a significant step that reduces the corruption component in the interaction with public authorities. This will form the basis for further automation of all bureaucratic processes in interaction with the state, "Denys Shmyhal underlined.
The Head of Government dwelled on that there are results in reducing the role of the state as the owner of state and communal enterprises.
"By adopting the draft law №4543 on March 30, the Verkhovna Rada removed the last barrier to resuming the privatization of large state-owned enterprises. Unlocking large-scale privatization is a clear signal that Ukraine is ready to invest, that we will ensure transparent and fair sale of large enterprises," the Prime Minister stressed.
As Denys Shmyhal emphasized, leaps forward have been made towards the investment attractiveness of Ukraine, in particular, the introduction of tax incentives for investment projects with significant investments. In addition, in pursuance of the decree of the President of Ukraine, the Government has established the National Investment Fund, which will implement large-scale investment and socially significant projects.
"The state-owned enterprise will promote the development of international economic cooperation and increase the competitiveness of Ukraine. This will help attract new investors to the economy and will finally enable the implementation of projects that Ukrainians have been waiting for a long time, " the Prime Minister said.
According to Denys Shmyhal, one of the main directions of the Government's economic policy is the concept of "long-lasting money". In particular, last year, at the initiative of the President of Ukraine, preferential lending programs for small and medium-sized businesses were launched.
"In a year we see the result: UAH 50 billion in soft loans have already been issued. The next two projects in this area are the creation of the Stock Market and the reform of the pension system, "said the Head of Government.
Denys Shmyhal reminded that last week the Government, the European Bank for Reconstruction and Development (EBRD), the American Chamber of Commerce in Ukraine (AmCham Ukraine) and the United States Agency for International Development (USAID) signed a Memorandum on the establishment of a national mechanism for exchange trading in capital and commodity markets, which is an important step to create a stock market in Ukraine.