OREANDA-NEWS. June 24, 2011. President of Ukraine Viktor Yanukovych held a meeting of the Domestic and Foreign Investors Advisory Council yesterday. During the discussion, he acknowledged that the government relies on the participation of national and foreign businesses in carrying out reforms in Ukraine.

Businesspeople asserted that high levels of corruption and poor tax laws impede business development in Ukraine and that these issues reduce the investment attractiveness of the country.

"We are doomed to work together and we should understand that we will be engaged in the reform process during all our lives. We need to constantly adapt to this job and make timely decisions", said Viktor Yanukovych, President of Ukraine.

Tomas Fiala, CEO Dragon Capital, President of the European Business Association said: "Ukraine could get closer to, or even become a member of, the G20, that’s your aim. But to be there, Ukraine’s GDP on average should grow by 11 percent for each of the next nine years. It is possible only with full, systematical implementation of your reform plan."