Business news from Ukraine

POLITICAL ACTIVITY OF BUSINESS IS NECESSARY CONDITION FOR CHANGES IN UKRAINE – MP TARUTA

17 November , 2017  

KYIV. Nov 17 (Interfax-Ukraine) – Ukraine has huge deferred investment attractiveness, but political activity of the business is a necessary condition for changes in the country, said People’s Deputy of Ukraine Serhiy Taruta.
“We all understand that the Ukrainian business will rapidly develop if acceptable conditions are created for it: to conduct deregulation, curb the monopolists (energy, logistics, etc.), reduce the pressure of regulators and law enforcement agencies that are now actually engaged in raiding. Possibility to attract cheap long-term resources for investment is also needed,” Taruta said at the business forum titled “Level Up Ukraine 2017,” the press service of the MP informed.
He stressed that, according to Western experts, Ukraine has tremendous investment opportunities.
“When we presented the Ukraine-2030 Sustainable Development Doctrine in the Bundestag, ex-Minister of Finance Peer Steinbruck said that Ukraine has huge deferred investment attractiveness and all the necessary resources for development. We have worn out the whole infrastructure – energy, industry, logistics, and this is a huge space for attracting large-scale investments. But Ukraine needs to regain the confidence of investors to attract investment,” the MP said.
The politician also considers political activity of business as a necessary condition for changes.
“Businessmen usually stick to the position “politics is separated from business.” But in Western countries, business is more politically active. If the Ukrainian business is more politically active, then we will be able to restart the political system, which will lead to rapid positive changes in the country,” Taruta said.