Business news from Ukraine

ULIE DEMANDS RELOADING, FORMATION OF TECHNOCRATIC GOVERNMENT

15 February , 2016  

KYIV. Feb 15 (Interfax-Ukraine) – The Ukrainian League of Industrialists and Entrepreneurs (ULIE) an the Anti-crisis Council of NGOs demand to increase the level of professionalism and responsibility in the public administration area, call on starting the team work of all branches of power jointly with business and society to allow the economy to stably develop.

“We demand that the president and parliament reloads the government. The state need the technocratic government that would stick to a plan on going out of the crisis…. would be personally responsible for concrete results in the set terms and would remove the principles of personal fidelity or party liabilities from practice,” the ULIE said in a press release after discussing the government’s report for 2015 on February 12.

The League said that the positive results of the government’s work last year were restructuring of debts, diversification of energy sources, reform of public procurement and attempts to trigger the tax reform, in particular, to reduce single social security tax to 22%, refuse from advance payments of profit tax by companies, revoke the imports duty, as well as deregulation measures.

“However, there are not enough convincing arguments that enough grounds were created to resume growth of the Ukrainian economy and to carry out long-awaited reforms in 2016 as it is forecasted in the government’s report,” the ULIE said, pointing at the worsening of investment conditions and state support of national producers on the global markets.

“The currency restrictions, too high credit rates at Ukrainian banks do not allow receiving funs required to diversify exports of Ukrainian companies that suffer from the Russian embargo most of all,” the ULIE said, citing Head of the crisis Council of NGOs and ULIE President Anatoliy Kinakh.