OREANDA-NEWS. September 21, 2011. Ukraine invites investors from Central and Eastern Europe to implement projects in our state. This was announced by Deputy Minister of Economic Development and Trade of Ukraine Volodymyr Bandurov during the 5th Economic Forum of the countries of Central and Eastern Europe, which was held in Austria.

"Participants of economic forums are potential investors into the Ukrainian economy. Therefore, I support the forum organizers claim that the markets of Central and Eastern Europe's developing countries providing new opportunities for companies and entrepreneurs", - Volodymyr Bandurov said.

The official during his speech informed the participants about the economic potential of Ukraine and the opportunities that country offers to investors.

According to Deputy Minister Ukraine achieved macroeconomic stability, including GDP growth amounted to 4.4% for 6 months of 2011. Investments in fixed capital increased by 16% in the second quarter of 2011 it was for the first time since the end of 2009 year: "This shows the dynamics of the final exit from the investment crisis in the background of general stability and economic growth".

The official said that this year the Ukrainian stock market as a result of growth became the top five global markets that were most dynamic, which also confirmed the growth of economy of Ukraine.

In addition, export of goods and services grew by 39% (40 billion), imports - by 48% (41.2 billion dollars) in January-June compared with the corresponding period last year.

Volodymyr Bandurov also noted that the reforms which are being implemented in the country, aimed at building a modern, stable, open and competitive in the global economy, creating professional and effective governance, and most importantly - to improve the welfare of citizens.
At the same time according to the Deputy Minister, most of the reforms are implemented in the field of improving the business environment. Thus, the Tax Code introduced a number of incentive preferences for investors, like: the gradual reduction of income tax from 25% to 16% in 2014; an approach to tax accounting to bookkeeping accounting; enter a number of preferential terms of taxation of income of enterprises in some areas, abolition of licensing more than 30% of economic activity; reducing by 90% the number of works marked license terms that are unreasonably come under the licensing terms; reduction of business registration from 1 to 3 days due to a unified simplified procedure for state registration of legal entities and individual-entrepreneurs.

Vladimir Bandurov noted that with a view of improvement of an investment climate and attraction of resources for carrying out of scale modernization the Program of progress of investment and innovative activity in Ukraine was developed and approved.

As the official said for attraction of investments work on interoperability with the international organizations, including the Organisation for Economic Co-operation and Development, the World Bank, IMF was organized. Now Ukraine is on a way of decision-making on accession to Declaration OECD. "We are against any restrictions for an investment capital. We realize, that with attraction of investments Ukraine at the same time "imports" business customs and rules of the countries-investors", - he emphasized.

Volodymyr Bandurov emphasized, that Ukraine now really provided good chances for businessmen.

"Ukraine is opened to cooperation, interested in mutually advantageous relations and constructive work with business and governmental circles of the countries of Central and the East Europe. I invite investors to Ukraine" - the deputy minister summarized.