The government creates favorable conditions for attracting investments into the construction industry, deputy Prime Minister Oleksandr Vilkul said during the first International Annual Business Conference ABC: Ukraine & Partners, ForUm correspondent reports.

According to the official, deregulation and introduction of the European standards are one of the key directions in this issue.

He added that the legal framework for transition from permitting to declarative principles of the start of work has been already created in the construction sector in Ukraine, and the Eurocodes have been introduced in the design.

"A few days ago, the Cabinet submitted to the Verkhovna Rada a bill, which provides for the simplification of registration of planning documentation. Following its adoption by the Parliament, the State Architectural Control should register declarations on implementation of preparatory and construction works not later than one day after their filing," Vilkul said.

He expressed hope that all factions of the Verkhovna Rada will support this bill.

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