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Ukraine’s Prime Minister at FTAs conference at UCCI
19:43, 2 December 2016
Ukraine’s Prime Minister at FTAs conference at UCCI

Groysman spoke of the industry renewal committee, Ukrainian rail road, new Ukraine made tractor, deregulation and the National bank

19:43, 2 December 2016

112 Agency

The Prime Minister of Ukraine Volodymyr Groysman spoke of formation of industry renewal committee during his meeting with the representatives of Ukrainian and foreign business in the frames of the 2nd International Trade and Industry Conference of Free Trade Area, held in Kyiv on December 1 – 2.

On renewal of the Ukraine’s economy:

“It is extremely important that there is something in Ukrainian industry to be renewed, that’t why we created an industry renewal committee.”

On the Ukrainian rail road:

“Today we start the renewal of the Ukrainian rail road, which was pushed over the edge. There was lack of vehicle stock among other problems. Why? Because for years the enterprise wasn’t reinvested into its development. It was simply being destroyed. We started reviving business and we are going to order 9 000 carriages the next year. We will repair the locomotives and passenger carriages. This will allow us to realize our export potential.”

On a new Ukrainian tractor:

"There’s a good piece of news – a new tractor is being developed in Ukraine now. I believe, the next year quality and competitive tractors shall be produced to be used in dozens of thousands in farming operations. This shall mean that renewal touched the sphere of mechanic engineering, we are creating added value, we create new workplaces. We started a program of carriage building in Kremenchug at least, due to this foundry production is hiring additional 1058 employees. This speaks of the fact that we are going to increase economic growth.”

Related: Russia “allows” Moldova to trade with EU

On the deregulation:

“It’s very good that the government is absolutely open to business. I realize that there are problems with law enforcement system, Customs, regulatory authorities, but I am not going to be their backup dancer.

If the regulatory authorities do not stop nightmarize business, I am declaring a public war against them. Unfortunately this war is already declared. Because I won’t stand when anyone comes to the enterprise and twists the arms.”

Related: Ukaine’s Prime Minister discusses free trade agreement between Ukraine and Israel

On the National Bank:

“As the government we believe that the National Bank of Ukraine should carry on the policy of currency deregulation. We also believe that the National Bank of Ukraine should introduce workable credit mechanism for real economy. We wont’ be able to enable enhanced growth of without investments. So on the one hand a competitive product with a high level of localization, on the other hand – crediting, deregulation (smart) deregulation shall give us the opportunity to become a strong competitor.”

Related: Freeland: Canada starts implementing free trade area with Ukraine

Related: EIB at FTAs conference at UCCI: 1.2 billion Euro support to Ukraine in 2017

Related: Nicholas Burge at FTAs conference at UCCI: “Sometimes I see that people have a sort of inferiority complex here”

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