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Ukrainian President Viktor Yushchenko Ukrainian President Viktor Yushchenko has ordered the government to facilitate the creation of non-governmental pension funds, speed up the customs registration of goods and ensure equal conditions for foreign and domestic investors at tenders to issue licenses for the use of natural resources.

This is stipulated in presidential order No. 912 on measures to improve investment activity in Ukraine, which was made public on Tuesday.

Under the order, the Cabinet of Ministers was also instructed to draw up state programs for the creation of synthetic fuels and for the production of coal gas.

The government is to submit within three months to the Verkhovna Rada bills on enhancing responsibility for the violation of the conditions for the issue of permits and on an accelerated bankruptcy procedure. Moreover, the government is to provide bills on the settlement of issues related to value-added tax refunds to companies that export over 50% of their produce.

Yushchenko also suggested that Ukraine's Supreme Court generalize judicial practice in disputes related to investment activity and the movement of capital.

The order was passed after the ninth meeting of the advisory council on foreign investment under the president, which took place on October 20, 2009.