The state has embarked on vigorous activities in the economic sector, but it is more about support than regulation. This was stated by the First Deputy Prime Minister - Minister of Economy of Ukraine Oleksiy Lyubchenko during an online meeting with members of the European Business Association on August 3, 2021.
"The state is focusing its efforts on stimulating the economy at the growth points that are calculated by now. Currently, there are a number of consultations with industry organizations, associations to find existing industries, which the state can support in various ways. It can be support under the mechanism of investment nannies, development of investment parks, tax benefits and a lot of different mechanisms," Oleksiy Lyubchenko said.
According to him, such measures will contribute to GDP growth of up to 4% this year and increase employment.
Also during the meeting, the First Deputy Prime Minister noted a positive trend, increasing employment in the riskiest areas in terms of legal employment - agriculture and construction. In the first half of the year, these areas showed an increase in official notifications of employers about hiring by 20%.
"This is a very positive signal, the response of business and society to the processes taking place in the country. After all, legal employment creates responsibility in the shape of social contributions, pensions and social protection," Oleksiy Lyubchenko stressed.
In addition, during the meeting, it became known that in QI of this year there was a decline in GDP by 2.2% compared to the 1st quarter of 2020. But during QII the situation was corrected and according to the results of the first half of the year GDP is expected to grow by 1%. Also a positive trend is the growth rate of wages, which is twice the growth rate of consumer prices.
Moreover, EBA representatives received expert answers to questions regarding the main trends of economic development, future legislative initiatives to improve e-commerce, approximation of Ukrainian customs legislation to the norms and practices of the European Union, licensing, etc.
For their part, the EBA representatives thanked the Ministry of Economy for their cooperation and noted that regular communication with the Government representatives improves the business climate in Ukraine, promotes openness and transparency of doing business.