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Today, the European Business Association met with\u00a0Yulia Svyrydenko<\/strong>, the First Deputy Prime Minister of Ukraine \u2013 Minister of Economy of Ukraine,\u00a0Taras Kachka<\/strong>, Deputy Minister of Economy, and\u00a0Olena<\/strong>\u00a0Shuliak<\/strong>, the Chairperson of the Servant of the People Party.<\/span><\/p>\n Yulia Svyrydenko started the meeting with the Governments\u2019 priorities for the economic development of Ukraine this year. Thus, we talked about the importance of GDP growth. Also, the Minister announced the pilot projects on thermal modernization of old buildings (a total of 5,000 per year), affordable mortgage of 5% (excluding %), irrigation projects (Odesa and Mykolaiv region) \u2013 to increase land fertility, stimulate shipbuilding, and engineering, increase exports and access to export credits. There will be also the continuation of the lending program 5-7-9%, the continuation of privatization and corporate reform – because it is important to reduce the public sector of the economy and the separation of state from government.<\/span><\/p>\n Surely, a business raises questions about the geopolitical situation. Thus, Ms. Svyrydenko stressed that according to the Ministry of Defense, the situation is better than in spring 2021. Therefore, the baseline scenario is a peaceful settlement of all tensions.<\/span><\/p>\n Another issue of concern to businesses was the issue of taxes and fiscal pressure. Thus, it is important to reduce the burden on the payroll, not just regroup taxes. We also mentioned the abolition of taxation of deposits and settlement of life insurance taxation. The next aspect is to establish the partnership between the State Tax Service and business, their relations shall contain no pressure. Another aspect is the scheduled tax audits because currently business does not fully see their sense as unscheduled audits and others still exist (so the proposal is to abolish the scheduled tax audits), and so on.<\/span><\/p>\n Regarding the shadow economy, there was a discussion of the importance of regulating e-commerce so that counterfeit and illegal products could not be sold on the Internet. Also, fiscalization is currently a hot topic, so, according to the banking sector, this month private entrepreneurs started a mass return of RSO terminals. Therefore, this issue needs additional attention from the authorities, and it was agreed to hold a separate meeting with the participation of the EBA representatives and the Ministry of Economy.<\/span><\/p>\n