Tymoshenko Transparency Initiative

    KYIV, Ukraine, Jan. 24 /CNW/ -- Prime Minister Yulia Tymoshenko of
Ukraine met with more than 250 investors on Thursday to outline progress in
her government's efforts to improve the investment climate in Ukraine.
    Accompanying the Prime Minister in the meeting were Vice Prime Minister
Hryhoriy Nemyria, Minister of Finance Viktor Pynzenyck, and Minister of
Economy Bohdan Danylyshyn.
    The format included presentations by each minister, along with comments
by representatives of the European Business Association (EBA), EBRD and Ernst
& Young.  The meeting, which included an extended Q&A session, lasted more
than two hours.
    The main focus of the meeting was the introduction of the Tymoshenko
Transparency Initiative (TTI), the underlying strategic philosophy around
which Ms. Tymoshenko's government will base reforms across various sectors,
including energy, investment, tax and judicial reforms.
    This open dialogue between the government and the business community was
a continuation of the "Contract with Investors;" topics introduced in today's
meeting included Tax Reform, VAT Refunds, WTO Accession and the creation of an
Investment Advisory Council of both foreign and Ukrainian business leaders.
    As a platform for moving forward with reform in this arena, the Prime
Minister announced the adoption of the EBA's "Barriers to Investment," which
she praised for its systematic approach to the problem facing investors in
Ukraine today.
    See www.ibyut.com for the Bloc Yulia Tymoshenko (BYuT) platform.

For further information:

For further information: TD International, the FARA - registered 
representative of Ms. Tymoshenko and Bloc Yulia Tymoshenko (BYuT), (202)
872-9595, Web Site: http://www.ibyut.com, http://www.tdinternational.com

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