Yushchenko To Establish Investment Agency.

President Viktor Yushchenko promised to establish an investment agency by July 11, 2005. The agency will have structural divisions in all regions of Ukraine and accompany all investment projects. At the same time, a council of investors under the President will be established to bring up all problematic issues related to investments. Concorde Capital: The slow tempo of foreign investment activity caused the government to intensify its efforts to improve the investment climate. To speed up the investment process the government plans to cancel around 1,000 laws which complicate doing business in Ukraine. In addition, the authorities say the land code will be simplified soon.