Ukrainian President Petro Poroshenko has signed bill No. 222-VIII into law on licensing of economic activity, the presidential press service reported.
The law is designed to simplify the procedure of issuing licenses, reduces the number of economic activities subject to licensing, which will let Ukraine go up in the World Bank's Doing Business rank due to creating more favorable conditions for the development of entrepreneurship and making Ukraine more open to investment, the press service said.
"The adoption of this law is very important to businesses and the economy of Ukraine in general. The law will considerably rein in corruption in the sphere of licensing, will be conducive to Ukraine's climbing in international ratings and facilitate the development of entrepreneurship and investment in the economy," Deputy Head of Ukraine's Presidential Administration and Secretary of the National Council of Reforms Dmitry Shymkiv said.
Advertising
Advertising
MORE ABOUT
Law on URCS needs to be updated – Dotsenko
11:43, 18.04.2024
Zelenskyy: Law on mobilization should be voted on in coming days
13:56, 08.04.2024
Language Ombudsman receives 569 complaints from citizens about violations of language law in first quarter of 2024
19:24, 03.04.2024
President signs law on electronic account of those liable for military service
21:22, 02.04.2024
Zelenskyy signs law reducing mobilization age from 27 to 25 years
21:20, 02.04.2024
LATEST
PM: preferential price for gas extended until end of summer, for electricity until end of spring
17:17, 26.04.2024
Work of Kyivteploenergo blocked due to new searches by law enforcers – company
13:00, 26.04.2024
Almost three-quarters of employers feel shortage of staff, plan to increase wages in 2024 – EBA survey
20:59, 25.04.2024
Metinvest's Pokrovske mine extracts 1.2 mln tonnes of coking coal in Q1, plan for 2024 is 5.35 mln tonnes
20:07, 25.04.2024
Chornomorsk port resumes shipment of agricultural products for export