Vice Prime Minister of Ukraine Volodymyr Kistion met with representatives of Czech business in Prague. The burning  issues of investment cooperation were discussed in the course of the meeting.

The Vice Prime Minister briefly informed business representatives on decisions being implemented by the Government of Ukraine that will allow to liberalize the working conditions of investors.

He placed a special emphasis on such key issues as administrative barriers, reducing the frequency and duration of inspections, extending the right of business entities, abolishing the state registration of foreign investments and transfer of permitting procedures online.

"We also put into practice the electronic document flow of intelligent transportation systems, technical standards and regulations of the EU, and we simplified the international trade and transport procedure, including the introduction of a "single window mechanism", the Vice Prime Minister noted.

The Vice Prime Minister recalled the two important anticorruption initiatives of the Government - the law protecting business rights the "mask show stop" initiative and the introduction of an electronic system for VAT refunds.

"Ukraine has undergone major transformations over the last two years, and many initiatives aimed to ensure favorable business environment in Ukraine have been introduced. We understand that there remains work to be done, but the Government is ready to do its utmost in order to develop mutually beneficial trade and investment cooperation and  to support the Czech business in Ukraine ", Volodymyr Kistion  summed up.

 According to him, the investment strategy of the Government of Ukraine is aimed at overcoming the technological gap, developing modern infrastructure, greening the economy, reducing its energy intensity and rolling out the newest resource-saving technologies.