At its meeting on 7 May, the Government adopted a critical decision to improve the business climate in Ukraine. This was announced by Prime Minister Denys Shmyhal.

Thus, Cabinet of Ministers Resolution No. 153, which limited payments for imports of goods and services, was cancelled.

“This is something that is of great importance for business. This liberalisation will open up new opportunities for Ukrainian entrepreneurs to enter new markets, expand Ukrainian exports, create new projects and new jobs in Ukraine,” noted the Prime Minister.

According to Denys Shmyhal, today's decision by the Government is in line with the broader deregulation policy. More than a thousand permits, licences and certificates that regulate the interaction between the state and the business have been reviewed.

“Some will be completely cancelled, some will be simplified, and some will be digitised. We are working on this constantly,” urged the Head of Government.

Improving the working environment for Ukrainian entrepreneurs means expanding export opportunities.

Denys Shmyhal has said that the defence capability of our country directly depends on whether our economy is strong. It is Ukrainian businesses that are the basis of our recovery, development and success these days.

“Therefore, we have two overarching objectives in our economic policy. The first is to implement business support programmes and promote economic activity. The second is to create a business climate where entrepreneurs can realise all their potential and ambitions,” stressed the Prime Minister.