Business news from Ukraine

UKRAINIAN HEALTH MINISTRY: TWO MLN UKRAINIANS SIGN DECLARATIONS WITH DOCTORS AS PART ‘DOCTOR FOR EACH FAMILY’ CAMPAIGN

Two million patients have signed declarations with doctors over the first month of the campaign for choosing a primary care physician, titled “Doctor for Each Family,” the press service of the Ukrainian Health Ministry has reported. The most active are patients from Kharkiv region, where 230,600 declarations were signed, Kyiv region (225,000), Vinnytsia region (over 186,000), as well as Donetsk and Dnipropetrovsk regions (177,700 and 168,000 respectively).
A total of 1,245 medical institutions providing primary health care have currently been connected to the e-health system. As many as 19,000 doctors can sign declarations with patients. A thousand doctors joined the system last week. According to the report, 73% of patients have already signed declarations with primary care physicians, 15% with therapists, and 12% with pediatricians. Ukrainians at the age of 40-64 years are most actively choosing doctors.

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INTERNATIONAL ARBITRATION COURT ANNULS KEY PROVISIONS OF UKRNAFTA SHAREHOLDERS’ AGREEMENT

The London Court of International Arbitration on April 26 annulled key provisions of PJSC Ukrnafta’s shareholders agreement of 2010, the press service of NJSC Naftogaz Ukrainy, which owns 50% plus one share in Ukrnafta, has said. “”The judges of the arbitration court have concluded that the key provisions of the shareholder agreement between Naftogaz and the companies of [Ihor] Kolomoisky on corporate governance of Ukrnafta are not subject to execution, since they contradict the binding provisions of the corporate legislation of Ukraine,” Naftogaz said.
In particular, the court cancelled Article 9 of the agreement that concerns the election of the chairman of Ukrnafta’s board from among the candidates proposed by minority shareholders (Kolomoisky’s companies). Also, the court overturned the provision according to which the minority shareholders shall nominate five of the 11 members of the supervisory board of Ukrnafta with a quorum of eight members of the board. “The Tribunal ruled that, in general, the shareholder agreement is applicable, although its key provisions on corporate governance of Ukrnafta are not enforceable,” Naftogaz concluded.
As reported, Naftogaz and Ukrnafta’s minority shareholders (the companies that are affiliated with the Privat Group, namely Littop Enterprises Limited, Bridgemont Ventures Limited, Bordo Management Limited, Balliotti Enterprises Limited, Renalda Investments Limited) in January 2010 entered into a shareholders’ agreement, which, in particular, determined the procedure for electing the chairman and members of the board, as well as the supervisory board and the required quorum for the country’s largest oil producer.
According to the document, the chairman of the board should be elected from the candidates proposed by the minority shareholders, and six of the 11 members of the supervisory board and its head should be nominated by Naftogaz. At the same time, the quorum required the presence of eight of the 11 members of the board, which at that time did not contradict the law on joint-stock companies. In March 2015, after the law was amended, the quorum for supervisory board meetings was reduced to a simple majority of votes.
In June 2015, Ukrnafta’s minority shareholders filed a lawsuit with the London arbitration court demanding that Naftogaz should adhere to the terms of the shareholder agreement, even though the rights of Naftogaz were restricted as those of a controlling shareholder, in comparison with the rights provided for by the current legislation. Naftogaz owns a 50% + 1 share in Ukrnafta, while a group of companies affiliated with the former shareholders of PrivatBank have about 42% of the shares.

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KYIV MAYOR KLITSCHKO: WE HOST 100,000 GUESTS DURING UEFA CHAMPIONS LEAGUE FINAL

Kyiv Mayor Vitali Klitschko has invited football fans to Kyiv to visit the UEFA Champions League 2018 final to take place in Kyiv on May 26. A video clip where Klitschko jointly with head coach of the national team of Ukraine and UEFA Champions League final ambassador Andriy Shevchenko took part was posted by Klitschko on his Facebook page. “Friends, Kyiv is preparing for a large sports event that will host for the first time – the UEFA Champions League final. We expect that around 100,000 guests would visit our city,” Klitschko wrote.
He said that a Ukrainian creative team worked on the video clip. Funds from the Kyiv city budget were not spent on making the clip.

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