You're reading: Poroshenko says transparent state property management is crucial for investment

Ukrainian President Petro Poroshenko has said that to improve the investment climate in Ukraine, particularly in the fuel and energy sector, it is necessary to introduce reforms and create a transparent system of state property management.

According to the presidential press service, the fourth session of the National Reform Council chaired by Poroshenko was held on March 30. He said that it is crucial to amend the law on joint-stock companies, which will allow the state to regain control of its enterprises and build a transparent system for their operation.

“In the near future we will be able to achieve what we were talking about from the creation of the coalition – the transparent regime of state property management,” Poroshenko said, adding that this will be facilitated by previous measures, namely the holding of open and transparent tenders to select managers and the participation of foreigners in the management of public enterprises.

“I think this is what investors want to hear about Ukraine today,” he said.