Business news from Ukraine

CABINET REVOKES LICENSING OF SCRAP NON-FERROUS METAL UNDER ECONOMY MINISTRY’S INITIATIVE – OFFICIAL

1 October , 2015  

KYIV. Oct 1 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine has stopped licensing foreign economic transactions on exports of scrap non-ferrous metals, Deputy Economic Development and Trade Minister of Ukraine Maksym Nefyodov said on Facebook.

“The resolution from the Economic Development and Trade Ministry of Ukraine on revoking licenses to export goods made of non-ferrous metals (the reduction of the list in supplement 5 to the annual resolution) has been passed… There will not be useless commissions, senseless licenses and money jobs,” he said.

Nefyodov said that this is not only about deregulation, but also anti-corruption, as the issue of these licenses using the principle of issuing the license to concrete persons and not issuing them to others initially included the temptation to abuse power.