The Verkhovna Rada of Ukraine has adopted a draft law designed to simplify the procedure for connecting to electric grids. UkraineInvest welcomes the adoption of this Law since it provides for:
✔ simplification of the procedures for obtaining the documentation required for connection to electric grids;
✔ reduction of connection time;
✔ elimination of “unnecessary” bureaucratic obstacles;
✔ introduction of the principles of “tacit consent” and “single window” upon accession;
✔ introduction of responsibility for untimely approval or non-approval of project documentation.
ℹ As explained by Stefan Khrystenko, a leading specialist of the Legal Affairs and Regulatory Policy Department at UkraineInvest, this Law will significantly increase the confidence of foreign investors in Ukraine and improve the country’s investment image. Moreover, it will become a driver for implementing new investment projects and enhancing Ukraine’s #DoingBusiness rating position.