Ukraine could set up an ombudsman office as early as next month to protect business people's rights, First Deputy Prime Minister Sergey Arbuzov said Tuesday, according to Xinhua.

"In Ukraine, there is a need to establish an institution that would provide out-of-court settlement of disputes between state agencies and businessmen. Therefore, we support the proposals of our partners, in particular the European Bank for Reconstruction and Development (EBRD), to intensify work in this direction," Arbuzov told journalists.

The government has already established a working group to develop mechanisms for creating the business ombudsman office, Arbuzov said, adding responsible officials would collaborate with investors to work out the conception of the new institution.

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EBRD in Ukraine Director Shevki Akuner urged Kiev in June to appopint a business ombudsman.