Tuesday, February 10, 2009

President holds consultative meeting on protection of property rights

President Yushchenko held a consultative meeting on protection of property rights with NSDC Secretary Raisa Bohatyryova, Prosecutor General Oleksandr Medvedko, acting Security Service Head Valentyn Nalyvaichenko, First Deputy Chief of President’s Staff Oleksandr Shlapak, Supreme Council of Justice Head Lidia Izotova, representatives of the Cabinet, State Property Fund, experts, etc.

In his opening word President Yushchenko said that in the times of uneasy economic situation the number of cases of illegal repartition of property has increased, particularly with enterprises. “Raider attacks have reached such scale that it really threatens economic security in the whole sectors. The society looses feeling of private property inviolability. Out of all mergers and take-overs 70% are illegal”. said Victor Yushchenko.

According to the President due to that enterprises’ functioning is destabilized, workers loose their jobs and investment climate is worsening.

As main causes for the situation President Yushchenko named wakness of legal system, delays in adoption of relevant legislative acts, absence of procedures for the state to interfere effectively into the process, corruption in state authorities.

Victor Yushchenko emphasized that it is important to elaborate and approve a new State program of privatization and also suggested that those present prepared their suggestions in two weeks term to draft Presidential Decree on the abovementioned issues. “This will be a document of direct action”, - he said.