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Ukrainian President has established National Investment Council
25.12.2014 14:43 "Agro Perspectiva" (Kyiv) —
The Ukrainian President has signed a Decree on establishing of the National Investment Council, President Petro Poroshenko Press Office reports.
As to the report, the Council is established to intensify the development of the investment potential of Ukraine, increase the volume of foreign investments, improve the investment climate in the country and ensure the protection of the investors’ rights.
As to the Decree, the National Investment Council shall be established as consultative and advisory body under the President.
Reportedly, the Deputy Head of the Presidential Administration Dmytro Shymkiv has been instructed to draft Regulations on the National Investment Council and hold consultations with national and foreign investors, business associations, audit and law companies, international financial organizations in order to make proposals regarding the personal staff of the Council following the given consultations.
As to the report, the Decree also eliminates the Council of National and Foreign Investors.
Commenting on the establishment of the Council, the Deputy Head of the Presidential Administration Dmytro Shymkiv has noted that the situation with attraction of domestic and foreign investments in the Ukrainian economy was critical. «Investors cannot be sure of the safety and profitability of their investments, as in previous years they have lost confidence in the government. It is being increasingly aggravated by the difficult situation in the East and the economic situation in the country as a whole. There is an urgent need for a platform that will promote the interaction between the government and investors. It must return trust and confidence that one can earn money in Ukraine in a fair manner,» Shymkiv emphasized.
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