During an investment conference due to be held on July 13 in the U.S., there will be presented a plan for the privatization of Ukrainian state-owned companies, tax reforms and changes in the energy sector of the country. Prime Minister of Ukraine Arseniy Yatsenyuk announced at a session of the Government of Ukraine on Friday, June 12.
The Prime Minister stressed that the Ukrainian authorities are facing a range of strategic and tactical tasks implementation of which "is the responsibility of each member of the Cabinet of Ministers and the parliamentary coalition".
"We should create jobs, attract investment, despite all the problems our country faces today. Even despite the fact that the Russian-led military operation continues against Ukraine. But we live in the environment we have, and now we can't change it", he stressed.
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"We do everything for the Russian troops to get out of Ukraine’s territory, while on the other Ukrainian territory, controlled by Ukraine, which is over 90%, we should restore order and encourage investors, create workplaces, gradually fill the budget and raise social standards for Ukrainians", urged Arseniy Yatsenyuk. Aimed at attract investors, the Government organizes on 13 July the first investment conference in the United States. The Prime Minister informed that this investment conference is expected to gather about 150 leaders of major U.S. companies. Arseniy Yatsenyuk appealed to the Minister of Economy of Ukraine Aivaras Abromavicius "to ensure holding the investment conference at an appropriate level". Moreover, participating in the investment conference will be Chairman of the State Property Fund of Ukraine to present the privatization plan: "Once again insist on a transparent privatization of certain objects to be held - open, competitive, when, on the one hand, we will attract funding of foreign investors and on the other - will provide an opportunity for the international investors to convince that the rules have changed within the country, that privatization tenders are organized not to satisfy Ukrainian oligarchs, but to satisfy real foreign companies that are willing to invest money, promote the development of the Ukrainian economy and create new jobs." The Prime Minister said that the conference will also be attended by Chairman of the State Fiscal Service of Ukraine to familiarize with the upgrade plan "for both the fiscal service and the tax system as a whole." According to Arseniy Yatsenyuk, during the conference a plan of tax changes in the energy sector of the country will also be presented: "A strategic goal of the country to get rid of energy dependence through the decade. Those complex reforms, including the tariff forming, those we pursue today in the country have a single task – to ensure the country being a completely energy independent state, having its own gas and oil, consuming less energy resources, having introduced energy efficiency and, thus, reducing the bills for Ukraine’s population for housing and communal services and increasing its own production and energy independence of the country". Apart from that, Arseniy Yatsenyuk promised to invite leaders of a number of Ukrainian state-owned companies and private sector representatives to participate in the investment conference.
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