It is also important to launch land reform. Protection of all investor rights, especially intellectual property rights, are pivotal for twenty-first-century economic growth. Protect investors: Investment and property rights, including intellectual property rights, must be secure. It is crucial to reduce the shadow market.Ĥ. Meanwhile, the shadow economy, the illegal movement of goods across the customs border, and duties evasion schemes harm legitimate interests and distort market competition. Recent developments with VAT refunds are satisfactory and should continue. Value Added Tax (VAT) refunds to exporters and a transparent tax administration are essential. Predictable tax policy: Fiscal policy stability and predictability are vital. An independent National Bank of Ukraine plays a key role in the country’s macroeconomic stability as it is a powerful signal of trust for foreign investors.ģ. Cooperation with the IMF is seen as a seal of approval by foreign investors who are considering Ukraine. Macroeconomic stability: It is crucial to ensure continued macroeconomic stability, central bank independence, and continued cooperation with the International Monetary Fund (IMF). This means effective judicial reform and extends to the mechanisms for selecting judges.Ģ. No one should be exempt or above the law. Effective judicial reform: Rule of law is critical for business, as it serves as a crucial precondition for investor trust and creates the confidence to put significant capital into Ukraine. Here are the 10 steps that can help achieve this goal.ġ. This can only be achieved by boosting Foreign Direct Investment. It is now time to demonstrate accelerated economic growth. Ukraine has achieved macroeconomic stability over the past couple of years. Meanwhile, according to the latest survey results, 88% of the American Chamber of Commerce member companies in Ukraine reported increased revenues in 2019 and 65% plan to increase their investments in Ukraine this year. Ukraine has reported positive, albeit modest, economic growth consistently over the past 15 quarters.
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