Monday, February 18, 2008
In light of the fundamental and methodical economic reforms needed in Ukraine, and the continuing sharp increase in foreign and domestic investment, it is imperative to ensure that Ukraine's legal system is equipped to serve as a modern pillar for the economy and society.
The present legal foundation is insufficient and to a large extent, sabotages the development of a market economy in Ukraine. It is ancient, lawless, and at times ridiculous.
The market responds to this state of affairs in a healthy way by avoiding the legal and regulatory regime and corrupt judiciary, while ignoring the more absurd laws and concentrating on developing the best modern business practices.
2008 will be the essential year in terms of the greatly needed reforms and transformation of Ukraine's legal regime and business climate for two main reasons. The business community no longer requirements nor be able to afford to abide obstacles created by the legal disorder and inefficient system of government and second, because the new government will be not capable to stay in power while ignoring the business community's stress.
The present legal foundation is insufficient and to a large extent, sabotages the development of a market economy in Ukraine. It is ancient, lawless, and at times ridiculous.
The market responds to this state of affairs in a healthy way by avoiding the legal and regulatory regime and corrupt judiciary, while ignoring the more absurd laws and concentrating on developing the best modern business practices.
2008 will be the essential year in terms of the greatly needed reforms and transformation of Ukraine's legal regime and business climate for two main reasons. The business community no longer requirements nor be able to afford to abide obstacles created by the legal disorder and inefficient system of government and second, because the new government will be not capable to stay in power while ignoring the business community's stress.
Bookmark &
Share
posted by Real Estate Investing @ 11:56 PM
permanent link | Post a Comment |
0
comments
Tuesday, February 5, 2008
Pakistan is all set to help its citizens by forming a real estate investment trust. The Securities and Exchange Commission of Pakistan (SECP) is responsible for this great news for many in Pakistan. Launching the Real Estate Investment Trusts was a vision in fulfilling the aim to offer a possibility to the small investors in Pakistan and to make sure of the lucidity in the business of real estate. Federal Finance Minister Dr Salman Shah was very excited in the launching ceremony of REITS and he informed the press that this pioneering effort aims at an emerging market with modern financial sector product for the first time. Pakistan, as a developing nation to launch REITS for the first time, Dr Shah told later on Monday.
Bookmark &
Share
posted by Real Estate Investing @ 9:57 PM
permanent link | Post a Comment |
0
comments
Real Estate Investment News