OREANDA-NEWS. April 08, 2013. The Cabinet of Ministers approved the draft law "On state aid to economic entities", which was developed by the Antimonopoly Committee of Ukraine pursuant to the National Action Plan for 2013, approved by Decree of the President of Ukraine and the Law of Ukraine "On Amendments to Article 35 of the Budget Code of Ukraine.

Implementation of laws will contribute to Ukraine's obligations defined by the Agreement on Partnership and Cooperation between Ukraine and the EU, the Treaty on establishing the Energy Community, the Association Agreement between Ukraine and the European Union, more efficient use of public resources, the creation in Ukraine of institutional, legal and organizational framework for monitoring state aid and control over it.

The law will minimize the negative impact of state aid on competition and create equal conditions for activity of business entities.