: :inin Kyiv (EET)

Ukraine cancels obligatory state registration of investment

The Ukrainian government has abolished the obligatory state registration and re-registration of investment, which has been effective since 2013, according to government resolution No. 661, which was published on its website.

The relevant decision has been made pursuant to current legislation and is believed to significantly facilitate investment.

Earlier, Ukrainian Prime Minister Volodymyr Groysman stated that the Investment Promotion Office would start its work within the Cabinet of Ministers in early October. The Office will serve as a platform for supporting investment and discussing problematic issues that the business community in Ukraine may face.

As UNIAN reported earlier, on August 29, the president of Ukraine announced the establishment of the National Investment Council led by former head of the presidential administration, Boris Lozhkin. He believes Ukraine can attract up to $3-5 billion in investment in 2017 should it demonstrate progress in implementing the reforms.


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