Business news from Ukraine

BUSINESS SECTOR CREATES PUBLIC TECHNOCRATIC GOVERNMENT TO HELP CABINET BUILD NEW ECONOMIC POLICY

30 April , 2016  

Business organizations, companies and experts have actively been involving the newly formed Ukrainian government in dialogue with the public on problems of overcoming the crisis and creating conditions for sustainable economic development. Representatives of the real sector of the economy insist on a high-level dialogue with the government and constant, effective communication with the business community. A public technocratic government – a non-governmental intellectual platform – is proposed to be formed to systematically analyze the current state of the economy, suggest a bailout plan and facilitate further sustainable development. This decision was supported at an enlarged meeting of the Anti-Crisis Council of NGOs and the Ukrainian League of Industrialists and Entrepreneurs (ULIE).

“The public technocratic government is not an opposition-minded structure, it is an intellectual alternative to the Cabinet of Ministers of Ukraine. Its activity will be split according to the areas of work, professionals and experts will be engaged. It is expected to be constantly monitoring the situation and generate as many as possible projects for management solutions and proposals. It will also work to establish channels of communication between the government, businesses and the public,” Chairman of the Anti-Crisis Council of NGOs and UILE President Anatoliy Kinakh said.

This platform designed for expert and public control of the executive branch (primarily in the economic sphere) will be formed as early as in May.

The business community suggests focusing on halting processes of de-industrialization, increasing the production of knowledge-intensive, technically complex products, boosting investment in the science and innovation sector, and on developing the domestic market.

Participants in the Anti-Crisis Council meeting emphasize that the business sector in Ukraine is still able to develop despite the crisis.

Business associations and companies have articulated their vision of solving the most pressing economic problems in their new version of the anti-crisis program of joint actions by the government and businesses. The fight against corruption, stabilization of Ukraine’s financial system, the implementation of modern industrial policy, effective support for self-employment, small- and medium-sized businesses remain priority steps in the economic sphere.

The current wording of the anti-crisis program is based on the proposals and recommendations by national professional associations, NGOs, businesses, expert institutions, representatives of different industries, who insist on the urgent need to jointly find effective ways to improve the economic situation in the country.