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"Ukraine could become gateway to EU market for Malaysian businesses" - Poroshenko

"Ukraine could become gateway to EU market for Malaysian businesses" - PoroshenkoUkrainian President Petro Poroshenko at a meeting with representatives of Malaysian business has reported on his country's success in key reforms.

"The vision of the country development strategy, which we named "Ukraine 2020," focuses on the four key areas: structural reforms, security of the state, citizens and business, responsibility and social justice, a proper place for Ukraine in Europe and the world," the president said at a meeting with businessmen during his official visit to Malaysia.

He noted Ukraine has managed to restore macro-economic stability, there are signs of economic growth, inflation is slowing down, the national currency has stabilised, and the National Bank reserves have been replenished.

"We halved the number of taxes and fees, as well as the number of licenses for doing business. The number of scheduled and unscheduled inspections by the State Tax Service almost halved in 2015 compared with 2013," Poroshenko said.

The president noted Ukraine and the EU had launched a deep and comprehensive free trade area, which offers great opportunities for investors.

"And we would like to invite you to take advantage of this. Ukraine could become a gateway to the EU market for Malaysian businesses," Poroshenko said.
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