OREANDA-NEWS. May 28, 2010. National economy is quite sensitive to difficulties in European markets, but the Government is to take all measures to secure economic stability in Ukraine. Vice Prime Minister Serhiy Tigipko said this today at the meeting of the Government.

"It is absolutely clear that under current conditions we have to go on with decreasing state budget deficit in order to not raise our external debts. That is about what investors are concerned", stressed Serhiy Tigipko.

Also according to him, the state has to create conditions for investments by simplifying regulatory system and reducing tax burden on business. "It is necessary the Verkhovna Rada to adopt eight bills, drafted by the Government, regarding deregulation of the economy. We are currently working on reducing a number of business activities requiring licensing. The Government is also working on the draft Tax code that foresees considerable reduction of tax pressure and support for small business. That attracts investors. Economic growth is only possible with new investments", underlined Ukrainian Vice Prime Minister.