The President of Ukraine Fundamentally Reforms the Executive Branch of the State

KIEV, Ukraine, December 10, 2010 - The President of Ukraine Viktor Yanukovych has launched the
administrative reform in Ukraine. The President has issued a number of
decrees removing top officials. The reform will take more than one year and
during this period the number of civil servants will be cut down by half.
This will reduce state expenditures on supporting the extensive bureaucratic
apparatus by approximately 1 billion Ukrainian hryvnia next year (125.5 mln
US dollars).

"This is going to be a process which will take more than one
year, but it is apparent that we have set ourselves a goal to reach such a
level, which will be vital for effective governance; the general number of
civil servants will be reduced by 50%," stated the Minister of Justice
Oleksandr Lavrynovych. He also mentioned that the Ministry of Justice has
prepared a package of draft laws to assist the administrative reform. The
draft laws will be delivered to the parliament next week.

The Presidential decree on Optimization of the System of State
Executive Agencies reduces the number of the state executive bodies from 112
to 63: 16 Ministries, 28 services, 12 agencies and 7 inspections. The system
will also include independent controllers and bodies with a special status.

"Let's make another step towards the future together and
create an effective governance system, tackle corruption by the means of
deregulation and administrative reform, let's optimize public finances, which
we spend to maintain our ministries and departments. And let's start
reforming local administrations next," said the President of Ukraine Viktor
Yanukovych when addressing all the participants of the meeting of the
Committee on Economic Reforms.

The President's Administration is working on a number of draft
laws and amendments to the operative legislation on Cabinet of Ministers of
Ukraine, State Service, National Controllers, and Central Executive Bodies.

For more information, please contact Maryna Khorunzha, +380509151565, news at wnu-ukraine.com, Project Manager at Worldwide News Ukraine