11:00 17.03.2017

Lack of rule of law still main obstacle for investors in Ukraine - Head of EU Delegation to Ukraine

2 min read
Lack of rule of law still main obstacle for investors in Ukraine - Head of EU Delegation to Ukraine

Ukraine in the past several years conducted many important reforms, in particular in the financial and energy sectors. However, the non-reformed judicial system hinders the arrival of investors to the country, Head of the EU Delegation to Ukraine Hugues Mingarelli has said.

A lack of the rule of law is the main reason why investors refrain from coming to Ukraine, he said at the 13th Dragon Capital Annual Ukraine Investor Conference in Kyiv on Thursday.

Mingarelli said that the judicial reform must significantly advance and the judges are reshuffled.

He said that new anti-corruption courts should be created, and the international inspectors should be attracted to the selection of judges for them.

The head of the EU Delegation said that the renewed judicial system should have the resource base.

He also expressed alarm with the situation around the National Anti-Corruption Bureau of Ukraine (NABU).

Mingarelli expressed hope that the future audit of the bureau will be intended to reveal weak points in its functioning and will not replace NABU top managers who have coped with their duties well.

He also called to continue the reform of the Prosecutor General's Office.

One cannot see the positive signs expected, he said.

He also said that a new Supreme Court and High Council of Justice could be created.

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