Business is one of the main beneficiaries of Ukrainian reforms. Energy efficiency reform, deregulation in construction and decentralization are considered to be the most attractive investment areas. This was stated by Vice Prime Minister/ Minister of Regional Development, Construction, Housing and Communal Services of Ukraine Hennadii Zubko at the European Business Association Annual General Membership Meeting.
"Investment potential in the field of energy efficiency today makes up $ 40-45 billion. Time duration for business is five or eight years. This is not just a matter of attracting investment, but also introducing cutting-edge technologies to reduce energy consumption. The priority is the newly created Energy Efficiency Fund of Ukraine, which will operate next year. The creation of 75 thousand jobs, the impact on GDP growth in the country, and the reduction of currency load - these are overriding priorities of energy efficiency in 2019. And prospects for business are obvious! ", the Vice Prime Minister stressed.
According to him, deregulation is a tool that directly affects any business. This year, Ukraine has risen to the 71st position in the World Bank's ease of doing business index and over two years the country has risen from the 140th position to the 30th in terms of deregulation in construction. The task for the next year is to enter Doing Business TOP-25. "We are implementing new state building norms that bring Ukraine closer to European standards. The reform of State Architectural and Construction Inspection (SACI) is underway, the online platform "Transparent SACI" is already operating. Soon we will introduce an e-cabinet for developers. The system of state-commissioned control and supervision will work as a quality transparent service for the construction business, " Hennadii Zubko emphasized.
As to decentralization, according to the Vice Prime Minister, today the new system of management in the country makes the first steps to attract investors to consolidated communities. "By 2020, we must cover the map of Ukraine with consolidated communities that will be ready for independent business development and investment attraction. But today we have to strengthen the dialogue between business and localauthorities. We have to specify what investor needs today: educated people, quality services in education, health care, social sphere, infrastructure ", the Vice Prime Minister said.
Apart from that, Hennadii Zubko placed a special emphasis on challenges facing the country. "It is very important to go through the point of irreversibility of the reforms! There are threats facing each of the priority areas, but we will overcome these challenges. We will not stop ", he underscored.