Regulatory policy should promote the development of business environment and active investment in Ukraine, President Viktor Yanukovych said at a meeting with the administrative and economic leadership of the Khmelnitskyi region, ForUm learned from the presidential press office.

"Deregulation is the principle that we are implementing actively, including in the context of fighting corruption," President Yanukovych said, adding that the current licensing system "is favorable only for the officials and corruption" and needs to be changed.

"We must make all licensing procedures transparent and convenient," Viktor Yanukovych stressed.

The President stressed that currently, the system of administrative services is also being reformed in Ukraine and much has been done in this direction already.

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