Facts

Yanukovych: Over half of 18 measures envisaged by reform plan for Q1, 2013 not implemented

Ukrainian President Viktor Yanukovych has said he is unhappy with the pace of the attraction of investment to the country.

"One of the main issues is the hope to increase investment. The growth of investment is directly related to the conditions of doing business in Ukraine," he said at a meeting of the Committee on Economic Reforms in Kyiv on Tuesday.

Yanukovych said that it was necessary to more actively introduce reforms to improve the business climate.

In particular, he said, it is necessary to continue reform in the sphere of deregulation, the implementation of which is "not at the proper level."

"The current delays on this path certainly do no good to us," Yanukovych said.

In this regard, the head of state noted his order on Ukraine's inclusion in the list of a hundred countries in the World Bank's ease of doing business ranking.

"This place can give a positive impulse," Yanukovych said.

He said that Ukraine had in the past two years climbed 15 spots in the World Bank's ranking, but this, in his opinion, does not correspond to the current potential of the country.

"I would like us to discuss why we have such a slow pace in this direction," he said.

"I understand well that the Verkhovna Rada almost did not work this year. But we have a number of laws that we have to adopt," Yanukovych said.

In particular, he noted that of the 18 measures envisaged by the reform plan for the first quarter of the year, more than half had not been implemented.

Yanukovych also demanded that government members and regional governors give the reasons for this and offer ways to remedy the situation.

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