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Many influential investors have entered or returned to Ukraine – President

The President also spoke about results of the tender on 4G mobile service, which has brought around $307.7 million into the state budget.
16:15, 10 April 2018

Youtube Presidential Administration

The President of Ukraine said that the reforms that are currently underway in the nation are aimed at improving the country’s investment climate. He spoke on the issue in an interview with the German media outlet Handelsblatt. The press service of the Ukrainian President published parts of the interview on Monday, Interfax-Ukraine reports.

 

Related: Kyivstar launches 4G in 20 Ukrainian cities

“We are decisively introducing reforms in order to considerably improve the investment climate. Don’t take my, the President’s, word for it, just look at the analysis by the World Bank. Before I became President, Ukraine ranked 137th in its Doing Business ranking, last year we climbed all the way to 76th. No other country has exhibited such dramatic growth. We do everything in our powers in order to get within the top 50 in the nearest future”, - Petro Poroshenko said.

 

Related: Why do we need 4G technology?

According to the President, the government has introduced a comprehensive tax reform, as well as an education, healthcare, pension reform and a revolutionary reform of the banking sector. Also, Ukraine’s energy sector has been transformed in what pertains to state order and privatization. “All of these measures are very unpopular, but extremely necessary”, - the President stressed.

Related: Ukraine rises to 76th place of Doing Business rating

Along with that, the President spoke of results of the tender on 4G mobile service, which has brought around $307.7 million into the state budget, as opposed to the expected $192 million.

“What matters most is the investors’ position, and many influential corporations have begun operations or returned to Ukraine”, - President Poroshenko summed up.

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