On November 19, Prime Minister Denys Shmyhal addressed the Annual Meeting of the European Business Association online and outlined the Government’s plans for next year and steps to create a favorable business climate in Ukraine.

The Prime Minister thanked investors and businesses that pay taxes and create jobs in Ukraine.

Denys Shmyhal stressed that apart from the anti-crisis support provided by the Government to entrepreneurs during the coronavirus-inflicted crisis, the focus is also on strategic steps to improve the business climate in Ukraine. A number of reforms that have been launched this year and will definitely be prolonged the next year should facilitate the aforesaid activities.

"Small-scale privatization has proved extremely effective. Open auctions without a corruption component, which are underway prove beneficial for both the state and businesses," said Denys Shmyhal.

The Prime Minister also told that the digitalization of public services remains an important area where changes are taking place, and from 2021 Ukraine will become completely paperless in matters of relations with the State.

"Among our key guidelines is Ukraine's entry into the top 30 Doing Business rankings. That's why we are working in specific areas. Simplifying connection to power grids. Cheapening credit resources. Supporting the export potential of Ukrainian products in international markets. All those are on the agenda, and we already observe positive changes in all these areas," the Head of Government stressed.

In turn, representatives of the European Business Association noted the importance of continuing an effective dialogue between the Government and business.