The Cabinet of Ministers has published the report for the year activities

The Cabinet of Ministers of Ukraine published the text submitted to the Verkhovna Rada of Ukraine report on the progress and outcomes of the Program activity in 2015, reported the press service of the government. The document was approved by the decree of the government dated 1 February 2016 No. 57-R.

The document can be found by downloading from the official website of the Cabinet.

Also together with the text of the report of the Cabinet of Ministers of Ukraine placed the List of bills under consideration in the Verkhovna Rada of Ukraine.

As well as information on the implementation of the action plan for the implementation of the programme of activities of the Cabinet of Ministers of Ukraine and the Strategy for sustainable development «Ukraine — 2020» in 2015.

«Despite all the difficult political and economic challenges that appeared in 2015, challenges in restoring macroeconomic stability and halting the decline of the economy the Government has done. And business expectations, population and international creditors are an objective assessment which confirms it», — the document says.

The authors of the report note that, according to the NBU, in the third and fourth quarters of 2015, the index of business expectations of the enterprises exceeded the value of 100%, which was not observed in the second quarter of 2014. In the fourth quarter, this figure reached 104% of maximum for the last year and a half.

The consumer sentiment index showed an increase to 55.3 points in December of 2015, compared with 43.7 per point in March 2015 (data of GFK).

In General, the document on page 161, contains eight sections that deal with the defense industry, public administration, anti-corruption policy, economic regulation, state property management, food policy, measures for achieving energy independence, as well as social, cultural policy, youth development and sports and international assistance.

In particular, the document notes that at the end of last year, Ukraine was elected a non-permanent member of the UN security Council for 2016-2017 and approved the Annual national cooperation program NATO-Ukraine for 2016.

Also, Ukraine has fulfilled the EU conditions for visa-free regime: «the Commission (European Commission — ed.) acknowledged that Ukraine has fulfilled all criteria laid out in the four blocks of the second phase of the action Plan and expressed readiness to submit in early 2016, a legislative proposal for amending Regulation EC No. 539/2001 of 15 March 2001, which would include the incorporation of Ukraine into the list of countries whose citizens do not need visas for short trips to the Schengen area», — the document says.

The authors of the report also noted that last year was the first stage of reforming the tax system, which gave the opportunity to improve the system of tax administration, to reduce the number of taxes and fees, reports, and accordingly, time costs of business training and «get «the holidays» for small business without the regulatory scrutiny and opportunities for development».

In addition, conditions were created for successful beginning January 1, 2016, deep and comprehensive free trade area with the EU: «as of 1 February 2016 the right to use quotas benefited the importers of poultry meat — 100% sugar importers in the amount of 20 thousand tons, which is 66% of the total number of quotas, and importers of pork — 278 tons, or 2.8 %», — the document says.

Also last year, the Cabinet had provided financial cooperation with the IMF, World Bank, EU, EBRD, EIB and other international financial institutions.

In particular, signed a new four-year program under the extended financing facility of the IMF EFF with volume of 17.5 billion dollars, and an agreement with the US at 6.7 billion dollars, which gave the opportunity to increase the reserves of the National Bank.

Also completed was the restructuring of parts of public and publicly guaranteed external commercial debt of Ukraine, which provides for the reduction of the principal amount of public and publicly guaranteed external commercial debt at 20% (3.0 billion dollars) and the transfer of the redemption of 8.5 billion U.S. dollars, which was payable in 2015-2018, at a later date.

Recall that the report of the Cabinet of Ministers of Ukraine in the Verkhovna Rada by year its activities may be held on 16 February.

The Cabinet of Ministers has published the report for the year activities 02.02.2016

Февраль 2nd, 2016 by
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