Opening the round table discussion, Committee Chairman Natalia Korolevska stated that the issues of foreign investments flow to Ukraine should be settled in a systematic way on the legislative level.
She singled out five main issues impeding the increase of foreign investments flow to Ukraine. Thus, the investors are mostly concerned with the property protection, excessive market regulation, administrative pressure on the entrepreneurs, restriction of access to the infrastructure, and high level of corruption.
In the first quarter of 2010, foreign investments made only 3% of all the investments into the national economy, while the volume of direct foreign investments decreased by 40% in comparison to recessionary 2009.
To better the situation, the Committee suggested a number of priority steps to improve the domestic investment climate, including enhancement of legislation on property protection, provision of access to the infrastructure by introduction of state-private partnership. Corresponding bills were submitted to the Parliament.
To continue the de-regulation policy, the People´s Deputies deem necessary to adopt the bills on significant curtailment of the types of licensing activity and number of licensing bodies, eliminate obstacles to the introduction of tacit consent and declarative principles.
The attendants of the round table discussion
also debated legalization of foreign legal entities in Ukraine.