Chamber News (#4 April 2018)

Business community met with President of Ukraine and Prime Minister of Ukraine

On 12 March 400 representatives of Ukraines business community from 3 business associations American Chamber of Commerce in Ukraine, European Business Association, and Ukrainian Entrepreneurs Union met with President of Ukraine Petro Poroshenko, Prime Minister of Ukraine Volodymyr Groysman and Ukrainian state authorities. The meeting was devoted to discussing progress on reforms, recent legislative initiatives on exit capital tax and the Draft Law
On Currency.

At the beginning of the meeting, President Petro Poroshenkosigned the recently adopted Law of Ukraine On Limited Liability Companies. The President also cited the interactive survey conducted bythe American Chamber of Commerce in Ukraineduring its Annual Members Appreciation Reception in February, according to which almost 64% of attendees saw growth of their business in Ukraine in 2017, and around 83% are planning to expand their business in Ukraine in 2018.

Prime Minister Volodymyr Groysmanstressed the importance of Ukraine's economic growth and progress in the Doing Business rating, highlighted the need for protection of investments, de-shadowing and demonopolization of the Ukrainian economy, as well as the need to adopt a package of top priority draft laws so as to enhance economic growth and development.

The President of the American Chamber of Commerce in Ukraine,Andy Hunder,raised issues of strategic importance to the business community during his speech full-scale implementation of judicial reform, the fight against corruption, cooperation with the IMF, implementation of healthcare reform in the regions, further deregulation of the oil and gas industry, and issues that are critical for business regarding the grey grain market and waste management. Andy Hunderalso voiced the problem of corruption: 89% of businesses believe that combating corruption is a priority for improving Ukraines business climate. That is why the creation of the Anti-Corruption Court and the fight against corruption is a No.1 priority for 2018, he underlined.

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