**Ukraine’s President Moves to Protect Businesses with Long-Term Moratorium on Inspections**
In a bid to boost the country’s economy, Ukrainian President Volodymyr Zelensky has ordered government officials to prepare a long-term moratorium on business inspections. The move is aimed at protecting businesses from unfair treatment by corrupt government officials.
Addressing a forum for entrepreneurs in Kyiv, Zelensky emphasized the importance of economic growth in Ukraine’s resilience. He stated that imposing a moratorium on inspections would help create a more favorable business environment and encourage entrepreneurship. The president also announced plans to expand the Council for Entrepreneurship Support, which will provide additional resources to Ukrainian businesses.
The decision to introduce a long-term moratorium on business inspections is a significant move in Ukraine’s efforts to recover from the devastating impact of Russia’s full-scale invasion in 2022. When the war broke out, the country temporarily suspended certain business regulations, including tax inspections for businesses. However, Zelensky signed a law resuming tax inspections for certain businesses in December 2023.
Ukraine’s economy has struggled to recover from the blow dealt by Russia’s invasion. The GDP dropped by 29.1% in 2022, and the country is still trying to rebuild its economy. By imposing a moratorium on business inspections, Zelensky hopes to create a more stable and predictable environment for businesses to operate.
The move has been welcomed by entrepreneurs and business leaders in Ukraine. Ruslan Kravchenko, the new Prosecutor General of Ukraine, also announced plans to audit criminal cases related to businesses in Ukraine. This is seen as another step towards protecting businesses from unfair treatment and promoting a more favorable investment climate.
**Other Developments**
In other news, Russian President Vladimir Putin claimed that Moscow plans to cut its military expenditure beginning next year. However, the move was met with skepticism by NATO members, who are planning to increase their defense spending to 5% of GDP.
The United States has also made a statement on Ukraine’s situation. U.S. President Donald Trump told reporters that his country would consider bombing Iran again if the country’s nuclear program once again became a concern.
Additionally, Russian President Putin announced Russia’s readiness to hold a third round of peace talks on the war in Ukraine. However, it remains unclear whether he will directly participate in the negotiations.
**What’s Next?**
The introduction of a long-term moratorium on business inspections is a significant step towards promoting economic growth and protecting businesses from unfair treatment in Ukraine. By creating a more favorable business environment, the country hopes to attract more investment and rebuild its economy.
As the situation on the ground continues to evolve, it remains to be seen how effective this move will be in boosting Ukraine’s economy and promoting peace talks with Russia.
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