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EBA proposes changes to 17 key areas of business

08/ 12/ 2021
  The European Business Association has prepared a strategic document with a list of the most acute problems for business and proposals for their solution – EBA Business Climate Note. The document covers 17 areas, such as environment, tax and customs, intellectual property and agriculture, labor, and pension reform, etc. The EBA Business Climate Note is available at the link. The key purpose of its all is the need to create a level playing field for business. And the EBA Business Climate Note serves as a guide to shaping a favorable business climate in Ukraine and improving the investment attractiveness of the state. The EBA Community has already sent a document to the Heads of Government, Parliament, Presidential Administration, and the Delegation of the European Union to Ukraine, as the need to address many of the proposed business issues enshrined, inter alia, in the EU-Ukraine Strategy Papers, including the Association Agreement. Svitlana Mykhailovska. EBA Deputy Director for Advocacy. According to the Ministry of Economy, the share of the shadow economy in the first half of 2021 remained unchanged – 31% of GDP. And this is only official data. Although they say that the existing methods of stimulating the economy are not working in full. Increased fiscal pressure on white businesses prevents the economy from developing. Sure, they may solve short-term issues such as increasing budget revenues. But it is not the symptoms that need to be treated, but the causes of unequal rules of the game. Therefore, the EBA hopes that our proposals will be taken into account by the Government in implementing further reforms, which will ultimately allow Ukraine to significantly improve its business climate and become an attractive place to attract new investment. And for the people of the country, the result will be the creation of additional jobs, improving the quality of life, and more.   Be the first to learn about the latest EBA news with our Telegram-channel – EBAUkraine.

The European Business Association has prepared a strategic document with a list of the most acute problems for business and proposals for their solution – EBA Business Climate Note. The document covers 17 areas, such as environment, tax and customs, intellectual property and agriculture, labor, and pension reform, etc.

The EBA Business Climate Note is available at the link.

The key purpose of its all is the need to create a level playing field for business. And the EBA Business Climate Note serves as a guide to shaping a favorable business climate in Ukraine and improving the investment attractiveness of the state.

The EBA Community has already sent a document to the Heads of Government, Parliament, Presidential Administration, and the Delegation of the European Union to Ukraine, as the need to address many of the proposed business issues enshrined, inter alia, in the EU-Ukraine Strategy Papers, including the Association Agreement.

Svitlana Mykhailovska EBA Deputy Director for Advocacy
According to the Ministry of Economy, the share of the shadow economy in the first half of 2021 remained unchanged – 31% of GDP. And this is only official data. Although they say that the existing methods of stimulating the economy are not working in full. Increased fiscal pressure on white businesses prevents the economy from developing. Sure, they may solve short-term issues such as increasing budget revenues. But it is not the symptoms that need to be treated, but the causes of unequal rules of the game.

Therefore, the EBA hopes that our proposals will be taken into account by the Government in implementing further reforms, which will ultimately allow Ukraine to significantly improve its business climate and become an attractive place to attract new investment. And for the people of the country, the result will be the creation of additional jobs, improving the quality of life, and more.

 

Be the first to learn about the latest EBA news with our Telegram-channel EBAUkraine.

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