Parliament approves bill on promoting investment activity in Ukraine

The Verkhovna Rada approved at first reading bill No.1059 “On amendments to some legislative acts of Ukraine on promoting investment activity in Ukraine”.

A total of 290 MPs voted in favor of the relevant document at a parliament meeting on Wednesday, an Ukrinform correspondent reported.

"We must do everything we can to make our country attractive for investment. Bill No.1059 shows the first steps that will be perceived as a positive signal by both foreign and domestic investors. The bill concerns the protection of shareholders' rights, enforcement of contractual obligations in the sphere of justice and the sphere of construction,” said MP from the Servant of the People faction, Olena Shuliak.

According to an explanatory note to the document, the bill is aimed at improving the investment climate of Ukraine in specific areas, selected as a result of a comprehensive assessment of the compliance of the Ukrainian legislation with the best world practices identified by the World Bank Group in the Doing Business rating methodology.

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