Adoption of the bill № 2679 to June 1, 2015 will provide the opportunity to generate $ 5 billion in new investments.
The Ministry of Justice of Ukraine and the expert community in favor of a speedy discussion and adoption of the bill № 2679 which amends the legislation to improve the business climate in the country, raising the rating of Ukraine in “Doing Business”.
To date, the Ministry of Justice shows a fantastic activity in the drafting of legislation for improving the economic situation in the country.
The importance of the bill №2679 is in influencing the risk level of the Ukrainian economy. In particular, we are talking about improving the position of Ukraine in “Doing Business” rating in terms of “recognition of insolvency”, “enforcing contracts”, “registration of property”.
In this ranking of Ukraine introduced by innovations will rise by almost 10 positions – from 96 to 86 place.
Today Doing Business rating is a key indicator for international investors when they make the decision whether to invest in a particular country.
One position in the rating is between 100 and 600 million dollars of foreign direct investment, that is, the potential adoption of only one bill could bring the country up to $ 5 billion of direct investment.
It is important to take this bill until June 1,2015 because the “Doing Business” rating is considered by regulatory and legal acts which entered into force before June 1 of each year.
Recall Bill № 2679 proposes to amend the mechanism for the protection of creditors rights in the process of restoring the debtors solvency. It is also proposed a number of innovations to optimize the enforcement of decisions by state executive service. The project improved individual rules in the field in the area of maintenance and use of the information of the State Land Cadastre, as well as certain provisions in the sphere of state registration of rights to immovable property and their encumbrances.
