Business news from Ukraine

TARUTA DISCUSSES PROSPECTS OF EU INVESTMENT PROGRAM FOR UKRAINE IN BERLIN

11 July , 2016  

KYIV. July 11 (Interfax-Ukraine) – A doctrine of accelerated economic growth of Ukraine being drawn up by the Ukrainian Business Initiative with attraction of leading associations of businessmen could be a framework for large-scale investment assistance from the European Union (EU).

MP Serhiy Taruta gave the information to reporters. He took part in the consultations of German, Ukrainian members of parliament and experts who discussed guarantees for European investment in Ukraine at the Berlin office of the Friedrich Ebert Foundation.

Taruta said that consultation with Germany aimed at determining top priority steps to improve investment climate in Ukraine.

“Our German colleagues first speak about the necessity of serious institutional reforms. These are reforms that would provide for independent judicial system, independent National Bank and the State Commission for Securities and the Stock Market, new antimonopoly and tax legislation. We, in return, told them about a project to change tax system drawn up by the Finance Ministry with the help of business associations,” he said.

Taruta said that attraction of large investment in Ukraine would be possible only when the military conflict in Donbas is settled.

Member of the German Bundestag Karl-Georg Wellmann said that the condition for serious injections into the Ukrainian economy is the implementation of reforms and guarantees that the money is not stolen.