1.  Export Promotion Agency – a specialized state financial institution which is to stimulate Ukrainian export through insurance, guarantees and reduced cost of loans for export operations, and to provide information and analytical support to exporters.

2.  State Reconstruction and Development Bank – a specialized financial institution (similar to KfW in Germany) which is a governmental body that accumulates international financial aid and provides affordable long-term debt and equity financing for infrastructure and industrial projects (including through public private partnerships).

3.  Industrial parks – a tool to attract investment through industrial sites with ready engineering and technical infrastructure and temporary tax incentives for new manufacturing and R&D companies.

4.  Small Business Agency – a specialized state institution similar to the Small Business Administration in the USA, which provides loans to small businesses under special conditions, facilitates access to public procurement contracts and provides comprehensive consulting support to small businesses.

5.  Public Private Partnership – a mechanism securing the interests of private investors when they realize joint projects with the state or municipality.

6.  Deregulation – considerable simplification of licensing system and elimination of technical bureaucratic and corruption barriers.

3. Industrial parks

2. State Reconstruction and Development Bank

1.  Export Promotion Agency

4. Small Business Agency 5. Private Public

Partnership

6. Deregulation

Victor GALASYUK, Ph.D. Chair of Committee on Industrial Policy and Entrepreneurship, Co-Chair of U.S. Caucus at the Parliament of Ukraine e-mail: galasyuk@rada.gov.ua