EaP News

EU-funded project assists Ukrainian government to reduce regulation of business sphere

December 22, 2017

On December 18, the Ukrainian government held a "deregulation day", which resulted in the adoption of 12 business decisions and the abolition of 340 outdated regulations, following initiatives prepared with the support of the EU4Business FORBIZ project.

In particular, customs clearance of goods in sea and river ports will be simplified. From now on, foreign vessels are allowed to enter Ukraine's ports and dispose of goods 24 hours after providing electronic information about the cargo. This will speed up customs procedures and reduce opportunities for corruption, said EU4Business in a press release.

In addition, an important step was taken to stimulate an increase in domestic production and create optimal conditions for the provision of raw materials for chemical enterprises in Ukraine, with the decision made to expand the list of companies that receive quotas for the receipt and import of chemical raw materials without paying excise tax.

Funded by the European Union under the EU4Business initiative, the FORBIZ project supports Ukraines reform agenda and its economic recovery by proposing a systemic, smart change to a more business-friendly environment, with a particular focus on small and medium-sized enterprises.

Find out more

Press release

FORBIZ project

EU4Business


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