Cabinet of Ministers

Ukraine to seek simplified trade relations with the European Union

The Government wants to simplify access of Ukraine-certified goods to the EU market and to revise export quotas

Кабмин ожидает падения ВВП в 2020 году на 4,8% (c) shutterstock.com
The government expects a 4.8% drop in GDP in 2020

According to the government’s estimates, Ukraine’s exports of goods and services will drop by 5.5% next year

The Cabinet promises not to suspend industrial enterprises

The government plans to commence restarting the economy in early May

The Cabinet declares the outbreak of coronavirus to be an emergency

An emergency was declared for 30 days, quarantine is extended until 24 April

The number of objects transferred for privatization reached 530

This is the largest number over all 28 years of independence

The government has already initiated privatization of 339 state-run companies

The rest of them are expected to be transferred to the State Property Fund for privatization until 31 December

President Zelenskyi initiates large-scale privatization until the end of 2019

The government has to place 500 state-run companies under the administration of the State Property Fund by 31 December

What signals the Cabinet sent to the ukrainian business

The Cabinet’s Action Plan evidences no strong presence of the government in the country’s economic life

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