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Ukraine

Head of State in a meeting with US business representatives: My team’s role is not to promise reforms, but to actually implement them

According to the President, in October it is planned to consider a bill that significantly reduces the list of enterprises banned from privatization.

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President of Ukraine Volodymyr Zelenskyy stresses that his team is determined not to promise reforms and changes in the country, but to implement them rapidly.

“We will not talk about the importance of the fight against corruption or the importance of deregulation – we are doing this today already, although it had to be done yesterday,” the Head of State said during a meeting with representatives of the US business community.

The President noted that a Government had been appointed within one day of the Verkhovna Rada’s work. The Supreme Anticorruption Court has also started its work.

“We have already started solving problems that have been discussed for years. We are changing the country, the rules of the game, creating a civilized business atmosphere – and we will do it very quickly. We do not have years, we have months,” the Head of State emphasized.

Volodymyr Zelenskyy reminded that for the first time in the history of Ukraine the immunity of the people’s deputies had been abolished, a law had been passed to help the Supreme Anticorruption Court work effectively.

In addition, a number of laws have been adopted that significantly increase the transparency of financial regulation.

“Against the background of these changes, Ukraine’s credit rating has increased from B- to B and the forecast by Fitch Rating has improved from “stable” to “positive”. The economy has been growing for 14 quarters in a row and reached 4.6% growth in the second quarter of this year,” the President stated.

For the first time in four years, Ukraine has reached a record EBRD portfolio of over $ 1 billion, of which about half are new projects announced in the last three months.

“We will continue to cooperate with our international partners – the International Monetary Fund, the World Bank and other financial institutions,” the Head of State emphasized.

According to the President, in October it is planned to consider a bill that significantly reduces the list of enterprises banned from privatization.

“We are launching privatization of state-owned companies and invite you to participate in our open auctions,” Volodymyr Zelenskyy noted.

In addition, in the near future, the Verkhovna Rada will consider a draft law on concessions, which will allow to attract investments in infrastructure in a transparent and clear manner.

The Head of State reminded that Ukraine had strengthened its position in the Doing Business rating.

“In the future, we will do everything to ensure economic growth and attract foreign direct investment. This is my top priority, it is also a priority of the new government and parliament,” Volodymyr Zelenskyy summarized.

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