Tuesday, 14 January 2014
Ukraine remains attractive for investors
According to Ministry of Economic Development and Trade, Ukraine has established a favorable legal environment, which defines the guarantees for foreign investment activity. Modern Ukrainian legislation creates transparent organizational and economic mechanisms for achieving public and private partnership. Thus, on Jan. 1, 2013, Law of Ukraine "On stimulation of investment activity in priority sectors of economy in order to create new jobs" (No 5205 dated Sept. 6, 2012) came into force, the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs. Experts say the law establishes the basis of state policy in investment sphere for 2013-2032 in order to stimulate the attraction of investments in priority sectors of economy. The normative act is aimed to create conditions for improved investment activity through provision of certain tax and customs preferences in priority areas of economy (for example, energy-saving technology). The long-term effect of the Law will include new jobs and regional development. The government is planning to continue the implementation of measures aimed to improve the investment image of Ukraine and increase the scope of attracting the foreign and capital investments in the economy, note the experts. The Cabinet took a decisive course for optimization and continuous improvement of legal and institutional framework to enhance the performance of mechanisms ensuring a positive investment climate and improve the competitiveness of domestic economy.