OREANDA-NEWS. December 26, 2014. The Ukrainian Government will pursue a course on deregulation, which will be carried out in three stages. This was informed by Minister of Economic Development and Trade Aivaras Abromavicius in a program "The Freedom of Speech" on ICTV channel.

According to him, now Ukraine is passing the first stage, and the Ministry of Economic Development has drafted a package of documents, which reduces the public regulation component in entrepreneurial activity.

“The Ministry of Economic Development prepared a package of documents on deregulation, there will be abolished 15-16 kinds of licenses, 21 licensing acts. And this is just the first stage of deregulation," said the Minister.

The second stage, which will commence following the first, will be called "guillotine", Aivaras Abromavicius was quoted as saying.  

"It means that each supervisory and regulatory authority will have to prove its efficiency. During a year they'll have to prove it to an independent commission. If they aren’t able to prove, their activities will be suspended," explained the Minister.

And the third stage of deregulation is also significant: it is necessary to create proper conditions and a mechanism to ensure the functions and authorities that will be abolished throughout a deregulation period not to be restored later.