WB: Ukraine imposes too much state control on economy

The main problem of business development in Ukraine is regulated economic processes and strict control by the state, Martin Raiser, the World Bank's Director for Ukraine, Belarus and Moldova told the Forum of business people, held in Kyiv.

"Economic sphere of the country has three system problems. First of all, reforms are being conducted very slowly. Initial promises and plans result in empty declarations, which don't correspond to real effect. Secondly, reforms don't receive any response at the local level. At the local level everything remains unchanged. And thirdly, there is no connection between the authorities and society," the expert said.