Business news from Ukraine

Business news from Ukraine

INDUSTRIALISTS PROPOSE ANTI-CRISIS ECONOMIC STRATEGY TO UKRAINE’S AUTHORITIES

18 November , 2016  

The Ukrainian industrial community has adopted anti-crisis recommendations to the government of Ukraine and the National Committee for Industrial Development. The proposals put forth by more than a hundred business structures working under the umbrella of the Anti-Crisis Council of NGOs and the Federation of Employers of Ukraine will form the basis for cooperation between entrepreneurs and the authorities, including through the above-mentioned Committee and the newly created Office of the Representative of Industrialists, Entrepreneurs and Employers in parliament. The Office will start work in the near future and will become a unique platform in Ukraine for direct communication between entrepreneurs and parliamentarians, for transparent lobbying of economic changes. This was discussed at the 14th Congress of the Ukrainian League of Industrialists and Entrepreneurs (ULIE) at NSC Olimpiyskiy in Kyiv.

Having estimated the available economic potential, business representatives aim to stop deindustrialization, foster significant GDP growth, reduce pressure on entrepreneurs and encourage investment and self-development.

“We demand that modern industrial policy be pursued in the country consistently, in line with chosen directions towards breakthrough innovations and investment. It is necessary to broaden presence in foreign markets as much as possible and propose added-value products to the world. At the same time, most enterprises need to be modernized along with the introduction of new technologies,” ULIE President Anatoliy Kinakh said.

The consolidated position of the Ukrainian business community in parliament will be promoted by its permanent Office, which was established by the ULIE together with associations of Ukrainian businesses and employers. It will strengthen cooperation between industrialists and lawmakers in adopting important laws for economic development. Independent analysts and lawyers will work for the Office, they will process proposals that will come from businesses and will formulate legislative initiatives on their basis. “The creation of representation in parliament is a first strong step. Currently, much-needed bills on the creation of industrial parks, an export credit agency and others have already been tabled in parliament. We’ll have a tool to influence these processes. The next step is to strengthen cooperation with the government through the newly formed National Committee. Business should have a position that is united and consolidated to ensure its voice is heard,” Chairman of the Employers’ Federation Dmytro Oliynyk said.

“In future, this initiative should become the basis for the formation of a national strategy for strengthening the middle class, developing small-sized businesses. In other countries they are the main customer of democratic reforms and main taxpayer (50-70%),” Anatoliy Kinakh said. The delegates highly evaluated the ULIE’s performance in the international and national economic sphere and the support of businesses. ULIE President Anatoliy Kinakh was elected for a new term. Further, the delegates elected the ULIE Board, vice-presidents, approved amendments to the ULIE Charter and the mandate of the organization’s regional offices.