The Government simplified the business environment by abolishing about 50 illegal acts


Today, the Cabinet of Ministers of Ukraine held a “Deregulation Day”, which resulted in abolishing a number of illegal and outdated regulations that restrict business activities.

“The state shouldn’t have artificial barriers forcing the business to invent the ways to get around rules,” the Head of the Better Regulation Delivery Office Oleksiy Honcharuk said. According to him, approved decisions initiated by the BRDO Office will allow the business to work in an effective and competitive regulatory environment, minimize corruption risks and save billions of hryvnias for business owners.

Thus, the Government has abolished 21 illegal acts and 23 resolutions in the sphere of state control and risk assessment criteria. This will significantly reduce the administrative burden and corruption risks when administrating conflicting rules.

Deregulations also affected the export of dual-use goods. In particular, now 53 product groups are free from excessive control.

In addition, they established clear rules for activities in air traffic area – license terms to carry passengers, hazardous cargo and wastes by air have been approved.

Key decisions also include the abolition of illegal restriction of construction permits validity periods and the reduction of the procedure for issuing such permits by three times. The BRDO experts estimated that this would allow to eliminate the corruption component in 30.6 million dollars in the next 5 years.

Moreover, the Cabinet of Ministers approved a draft law aimed at improving the investment climate in Ukraine. Its main provisions will allow to reduce the cost of procedures in construction by 10% and the term of bankruptcy proceedings from 3 years to 1 year, and simplify the registration procedures for newly created entities. In general, the adoption of the draft law will provide Ukraine with at least 40 positions in the Doing Business ranking and allow entering the TOP-30 of countries already in 2018. It is expected that the draft law will be submitted to the Verkhovna Rada the next week.