Lithuania could help Ukraine with the restructuring of government reserve, promotion of exports as well as with advice on operations of a centre of registers, Ukraine’s economy minister believes.
Aivaras Abromavičius
© RIA/Scanpix

“It’s the restructuring of government reserve where we’ve recently appointed a new chief. In line with my general personnel policy, that person does not have previous experience of governmental work… Lithuania could be very helpful with the promotion of exports,” Aivaras Abromavičius told reporters after a meeting with Prime Minister Algirdas Butkevičius in Vilnius on Monday.

Ukraine is now considering the pros and cons of attracting investment and promoting exports through separate institutions or through a single institution, he said.

“We haven’t yet decided whether it should be two separate organizations, just like in Lithuania, or a single institution charged with both functions, just like in Sweden or France,” Abromavičius said.

He admitted that it was not easy to implement reforms in Ukraine, in particular as the country’s parliament supported less than a half of government’s initiatives.

“Sometimes we lack that support in parliament, which is sometimes busy with its own affairs… At present, just 44 percent of laws adopted by the government receive backing at parliament,” the minister said.

Abromavičius, who originally comes from Lithuania, has lived and worked in Ukraine for some 20 years. From 2002, he headed the Kiev unit of investment management company East Capital. Last December, he was appointed as Ukraine’s economy minister.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Court finds two people guilty of spying for Russia

A Lithuanian court has found two persons guilty of spying for Russia and issued them prison...

Coalition negotiators complete talks but fail to agree on child benefit

Representatives of four parties in Lithuania, holding negotiations on a future ruling coalition ,...

Fake news on military exercise published after several websites were hacked

Fake news on the ongoing military exercise in Lithuania was published on Wednesday when several news...

Remains of last partisan discovered in Vilnius

The remains of Antanas Kraujelis-Siaubunas , Lithuania's last partisan who was killed with a gun in...

Government backs EU plan to ensure net-zero emissions by 2050

Lithuania's government on Wednesday decided to join an initiative by other European countries to set a...