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MAIN ARTICLES
IFC and Ukrainian business advocate together regulatory improvements
A recent IFC study of the technical regulations in Ukraine showed that the existing system is one of the key constraints to business development in Ukraine. It can cost from $2000-$8000 USD per enterprise to comply with all technical regulatory requirements. This system prevents start-ups to emerge, hinders innovation, and restricts export opportunities.
The IFC Ukraine Business Enabling Environment Project (BEEP) is working with the business community to accelerate the process of technical regulatory reform in Ukraine. In March 2009 IFC launched an awareness-building and advocacy program aiming to increase the visibility of and demonstrate the need for regulatory reforms.
IFC, through BEEP, is actively engaged in promoting and supporting changes to this outdated and inhibiting system of technical regulations. The recently-launched communications program aims at encouraging businesses to take the initiative by mobilizing and launching reform campaigns, engaging the media and organizing public forum discussions by business associations at national and regional levels.
As part of the campaign throughout March and April this year, IFC is organizing a series of ten information seminars at seven major locations across the country and is bringing international expertise from EU member states (Greece, Bulgaria) to promote a variety of audiences and reform constituents about the role of businesses in the process. The outcome of these events will be a set of actions which the business community can use as a platform to promote reforms.
“Businesses must feel they are part of the reform and it is only when they act proactively that we can move forward and achieve positive changes,” says Vyacheslav Bykovets, the Vice-President of Small and Medium Enterprises Union.
The IFC Ukraine BEEP supports the development of small and medium enterprises and works to improve the country’s investment climate. Our bilateral partners are the governments of Canada, the Netherlands, and Sweden. For more information go to: http://www.ifc.org/ukraine/bee