• Українською
  • Oleksiy Lyubchenko: De-shadowing the economy is the backbone of transformation of the economic sphere of Ukraine
    Ministry of Economy of Ukraine, posted 20 September 2021 15:50

    First Deputy Prime Minister - Minister of Economy of Ukraine Oleksiy Lyubchenko took part in the panel session "Protection of the Economy from the Impact of Organized Crime" of the V Kharkiv International Legal Forum. Oleksiy Lyubchenko congratulated the participants and noted that the issue of de-shadowing of the economy is an important component of Ukraine's transformation plan and the first steps in this direction have already been taken.

    "According to preliminary calculations of the Ministry of Economy, the level of the grey economy makes up 30% of official GDP. The process of de-shadowing the economy is an urgent issue. The Government has established an Interdepartmental Working Group on the de-shadowing of the economy and the development of fair competition - a powerful team of experts, which I have the honor to lead. Last week, we held the first meeting, which provided an overall assessment of the level of the shadow economy in Ukraine and developed measures to combat shadowing in the tobacco and financial spheres, " the First Deputy Prime Minister stated.

    According to Oleksiy Lyubchenko , the priorities of the working group are to determine the sectoral of de-shadowing, to develop KRI for state bodies to implement effective measures and kick off institutional changes. The First Deputy Prime Minister called on scientists and all interested parties to join the work in this direction.

    Oleksiy Lyubchenko expressed his vision on the fight against economic crime: "I am convinced that it is necessary to use administrative measures - access to accounts, ban on entry, exit, etc. Methods used in the world. In this direction, we must develop clear goals and carry out high-quality coordination with international partners. It is also necessary to make every effort to kick off shortly the work of the Bureau of Economic Security ."

    Moreover, the First Deputy Prime Minister dwelled on that Ukraine intends to conduct an inventory of state intellectual property.

    "We shaped a formula for ourselves - the development of human capital through the prism of intellectual property protection. Thus, the Ministry of Economy planned to conduct a full inventory of state intellectual property. We are already holding consultations on this issue with international institutions," Oleksiy Lyubchenko underscored.