Ukraine’s Verkhovna Rada has adopted bill No. 2493on joint stock companies, which proposes to allow companies to choose a corporate governance model and, along with the current two-tier corporate governance system, introduces a single-level one.
An Interfax-Ukraine correspondent reported that the bill at first reading was supported by 270 MPs with the required 226 supportive votes.
“This law brings the legislation into line with the requirements of reality. The general meetings are being improved: it is envisaged that they can be held in electronic form. A corporate affairs adviser is being introduced to help shareholders. The legal status of the corporate secretary has been settled. Today he or she may be appointed by the supervisory board of the company, but his or her status is not regulated,” Head of the parliamentary committee on finance, tax and customs policy Danylo Hetmantsev said from the rostrum of the parliament.
At the same time, one of the main innovations of the bill is to strengthen the protection of minority shareholders, one of the authors of the bill, MP from the Servant of the People parliamentary faction Roksolana Pidlasa said.
“Today, the majority of the rights of the world’s shareholders appear only if the share of their stockholding reaches 10%,” she said.
According to the explanatory note to the bill, the bill also brings the rules on the representation of shareholders in accordance with EU law, in particular, Directive 2007/36/EC of the European Parliament and of the Council of July 11, 2007 on the exercise of certain rights of shareholders in listed companies, and also harmonizes legislation on mergers, acquisitions and divisions of JSC with Directive 2017/1132/EC.
National bank of Ukraine’s official rates as of 16/06/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of June 16
One troy ounce=31.10 grams
Milk production in Ukraine in January-May 2020 decreased by 3.6% compared to the same period in 2019, to 3.64 million tonnes.
According to the State Statistics Service, over the five months of this year, 1.41 million tonnes of meat (in live weight) were produced, which is 1% more than in January-May of the previous year.
Egg production over the five months of this year fell by 0.4%, to 6.99 billion eggs.
According to the State Statistics Service, milk production in Ukraine in 2019 decreased by 3.6% compared to 2018, to 9.7 million tonnes. Egg production in 2019 increased by 3.4%, to 16.68 billion eggs, meat (in live weight) by 5.3%, to 3.49 million tonnes.
Kyiv Sikorsky International Airport has canceled all regular international passenger flights until 03:00 on June 17, 2020 due to the extension of the COVID-19 quarantine in the capital, the airport’s website reports.
The reason for the cancellation of flights at the airport is cabinet resolution No. 392 of May 20, 2020.
Passengers are advised to closely monitor the flight schedule and clarify information with the airline representatives.
As reported, on June 12 the Cabinet of Ministers lifted the temporary ban on entry to Ukraine for foreigners and resumed operation of 15 checkpoints for air traffic at international airports.
The Ukrainian State Air Traffic Services Enterprise (UkSATSE) has been certified by the State Aviation Service as for the serviceability of the new automated air traffic control (ATC) system installed in the Lviv regional division made by Indra Sistemas S.A.
According to an UkSATSE posting on its Facebook page on Friday, the certificate issued on June 12, 2020 will be valid for five years.
“Acceptance tests of the new system took place in accordance with the schedules, despite the quarantine period,” Head of UkSATSE Andriy Yarmak said.
The new system has a wide range of functions necessary for high-quality air traffic services, which will allow, in particular, to introduce Free Routes Airspace between adjacent air traffic control centers of neighboring countries. In addition, the new equipment will create comfortable working conditions for air traffic controllers and will contribute to improving flight safety in the western part of the country’s airspace.
According to the company, in the near future the Indra system will be put into operational use, while it will become the main system, and the Roksolana, which Lviv specialists worked with earlier, will be used as a backup system.
Currently, experts are developing a plan for the transition to the new system.
In addition, the State Aviation Administration also certified the UkSATSE’s Anastasia II automated ATC system, which operates in the Odesa regional division.
The certificate was issued on June 12, 2020 and will be valid for five years.
