The minimum retirement benefits will be raised in Ukraine from UAH 1,638 to UAH 1,712 from July 1 in connection with an increase in the minimum living wage for disabled persons, according to the press service of the Pension Fund.
“The Pension Fund of Ukraine has reviewed the retirement benefits from July 1, 2020 in connection with an increase in the minimum living wage for disabled persons from UAH 1,638 to UAH 1,712,” it said.
Regardless of whether a person is employed or not, the size of the supplements to retirement benefits, pensions for special services to Ukraine and other payments linked to the minimum living wage will be increased, the fund said.
National bank of Ukraine’s official rates as of 01/07/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of July 01
One troy ounce=31.10 grams
Lawyers in Ukraine are not ready for lawyer monopoly, it is premature for Ukraine, Vitaliy Savchuk, a lawyer and adviser to Legal Alliance has said.
“I see the lawyer monopoly premature until at least a few of these questions have been answered in the affirmative. The monopoly should be preceded by serious training for lawyers,” he told Interfax-Ukraine.
According to Savchuk, the lawyer monopoly does not guarantee that the client will receive high-quality legal services.
“When I first started working as a lawyer, I was surprised when I heard from opponents references to norms that had long ceased to be valid. “Are they more unprofessional or unethical?” I asked myself. Some of them were lawyers. The problem of the lawyer monopoly has always been more philosophical than legal,” he said.
Savchuk said that the end consumer, the client, should benefit from the reform of the defense attorneys. At the same time, the lawyer asks a number of questions, in particular, if there is a noticeable increase in the quality of the provision of legal services over the past three or four years, if the bar is effectively protecting lawyers whose rights are violated by the state, if it is really never abusing the powers of the lawyers themselves, and if it guarantees that no one cheats during the lawyer’s exam, and whether the lawyer’s exam is an actual criterion.
“Has the bar of Ukraine become such an institution with strong reputation that every lawyer wants to be a part of it? Of course, the number of lawyers has grown by double-digit percentage over the past two years preceding the introduction of the monopoly. However, it is such an incredible sudden popularity of this status that indicates that far not all lawyers sought to join the bar, they had to join it, and also that a huge percentage of lawyers did not believe in the real benefit of the lawyer’s status, and clients did not trust lawyers because of the lawyer’s certificate,” he said.
Savchuk said that despite the references of “ideologists of the lawyer monopoly in Ukraine to the Western experience,” this experience proves that “the monopoly is not the cause, but the result of many years, or even centuries of evolution of the bar as a guarantor of professionalism and protection of the rights of lawyers from state arbitrariness.”
The lawyer also expressed the opinion that the issue of lawyer monopoly can be resolved without amending the Constitution.
“Even these states, which laws are sometimes called a model, did not solve the issue of monopoly at the level of the Constitution, since for outstanding constitutions, the lawyer monopoly is a too derivative and dependent issue. This issue can be resolved by other laws,” he said.
“Of course, when changes to the Constitution are a matter of a purely parliamentary majority, not law-making technique, then school lunches can be implemented in the Constitution, but I would leave such reforms to one neighboring country,” the lawyer said.
The shareholders of Arsenal Insurance (Kyiv) insurance company at a meeting on June 26 decided to increase the charter capital of the company from UAH 121.5 million to UAH 202.5 million via a closed additional placement of shares.
According to information in the publicly available database of the National Securities and Stock Market Commission of Ukraine, 120,000 shares with a nominal value of UAH 675 per share will be additionally sold for a total of UAH 81 million.
The report also notes that the received financial resources in the form of cash will be placed on current accounts and bank deposits in the ratio of 30% to 70%. The shares of the company, on which the decision on the issue was made, do not provide for the possibility of conversion.
As reported, the company’s shareholders at a meeting on April 24, 2020 considered the issue of increasing the charter capital of the company from UAH 77.4 million to UAH 121.5 million by increasing the nominal value of shares from UAH 430 to UAH 675 (for one ordinary registered share) due to sending part of profit to the charter capital.
Arsenal Insurance is among the top three largest insurance companies in Ukraine and is number one among insurers with Ukrainian capital. Every day the company makes over UAH 2 million of insurance payments. The partners of the Ukrainian company are the leading European reinsurers: HannoverRe, PolishReinsuranceCompany, SCOR SE, Gen.
According to the information on the company’s website, chairman of the board Serhiy Avdeyev owns 24.5% of Arsenal Insurance, Maksym Tuz owns 21%, Kostiantyn Tuz some 9%, Oleksandr Solop holds 17.5%, Anatoliy Solop 12.51%, Hennadiy Moldavsky 9.99%, and Maryna Avdeyeva some 5.5%.
Passengers carried in Jan-Apr of 2020, in MLN
