Ukraine's parliament liberalizes rules for doing business, investment

Some 237 lawmakers voted for its adoption with the required minimum being 226 votes.

Presenting the bill, MP and member of the Parliamentary Committee on Financial Policy and Banking Activity Pavlo Rizanenko said that the committee and the Verkhovna Rada Main Legal Department recommend that the parliament pass the bill in the second reading and as whole with the changes introduced by the committee and the department.

Read alsoUkraine's central bank expects over $2 bln in foreign direct investment in 2017According to the official, the bill provides for reducing the regulatory burden, raising the level of corporate governance, simplifying the transformation of joint-stock companies from public to private ones, and handling the issue of discrimination of shareholders when dividends are paid.

"The draft law will completely eliminate paperwork when reporting to the national regulator. This is a certain breakthrough," Rizanenko stressed.

As UNIAN reported earlier, the National Bank, at the beginning of the next parliamentary session in September, called on lawmakers to support a number of financial bills, including bill No. 5592 seen as a priority one for the capital market.