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In terms of the Project on cooperation with legal authorities in the course of elaboration and implementation of economic reforms, the Fund works together with dedicated committees of Verkhovna Rada and Ukrainian Parliament on working out measures to reduce administrative burdens for business performance.
After world crisis the competition between countries for attracting investments has become strained, therefore the most essential priority for the country is to improve conditions for business performance. Under current circumstances investors will give preference to a country with the most conducive business environment, with effective regulatory system being its substantial component.
The improvement of regulatory system calls for a number of measures to be taken:
• the elimination of redundant licenses, permits, approvals;
• reduction of timelines for permits’ issuance and simplification of procedures, among others through the foundation of permissive centers;
• implementation of implicit consent principle;
• the reforming of system of standard documents, abolishment of obsolete government standards, adoption of the European Union standards;
• alignment of measures to ensure food safety together with the EU.
Stepwise implementation of the recommended measures will allow improving the position of Ukraine in international ratings even in 2011 and will send out an instant positive signal to investment community all over the world
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Foundation for Effective Governance
23F Kudrjavska Street Kiev 04053, Ukraine
Reception: +380 44 501 41 00 PR Department: +380 44 501
41 07 Fax: + 380 44 501 41 05
e-mail: feg@feg.org.ua |
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