Business news from Ukraine

Ukrainian parliament improves procedure for preparing bills to adapt Ukrainian legislation to EU stantards

The Verkhovna Rada has improved the procedure for preparing bills on adapting Ukrainian legislation to the provisions of European Union law (EU acquis).
Draft resolution No. 7595 was supported by 297 MPs at the plenary session on Friday, parliamentarian Yaroslav Zhelezniak (the Holos parliamentary faction) said on his Telegram channel.
The resolution provides for the consideration of bills aimed at adapting the legislation of Ukraine to the provisions of the law of the European Union, the fulfillment of Ukraine’s international legal obligations in the field of European integration, the availability of tables of correspondence to them, as well as official translations of relevant acts of EU legislation and / or other sources of EU law.
According to the resolution, subcommittees will be created in the committees of the Verkhovna Rada to adapt the legislation of Ukraine to the provisions of EU law, the implementation of Ukraine’s international legal obligations in the field of European integration.
The resolution also provides for an additional examination of the compliance of European integration bills with Ukraine’s international legal obligations in the field of European integration and EU law in the Parliamentary Committee on European Integration and / or in the Cabinet of Ministers.

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US HOUSE OF REPRESENTATIVES PASSES SEVERAL BILLS ON UKRAINE

The US House of Representatives passed a number of bills related to the situation in Ukraine on Wednesday, The Hill said.
One of the bills is aimed at alleviating the debt burden of Ukraine. Some 452 congressmen voted for it, while 56 voted against.
The document instructs the U.S. Treasury Secretary to seek from U.S. representatives in international financial organizations, including the IMF and the World Bank, the immediate suspension of debt service payments by Ukraine and the provision of financial assistance to Kyiv on favorable terms.
The second bill seeks to require the U.S. executive branch to seek to the fullest extent possible the exclusion of Russian officials from participation in meetings, meetings and other events of the G20, the Basel Committee on Banking Supervision, the Financial Stability Board, the International Insurance Association supervisors and the International Organization of Securities Commissions.
Some 416 congressmen voted for this project, while two voted against.
The third bill concerns the need for U.S. financial institutions to comply with U.S. sanctions against Russia and Belarus. It was approved by 418 votes.
According to the congressional database, all three documents must now go to the Senate for consideration.

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MP DUNDA REGISTERS TWO BILLS ON REFORMING URBAN PLANNING SPHERE IN UKRAINE

MP Oleh Dunda (the Servant of the People faction) registered in the Verkhovna Rada bills on reforming the State Architectural and Construction Inspectorate and enhancing liability for violations in the urban planning sphere.
Relevant bills No. 5071 and 5072 were registered by the MP in the Verkhovna Rada on February 16, the website of the parliament said.
According to the explanatory note to bill No. 5071, which is available to Interfax-Ukraine, the bill provides for the introduction of phased state control over the construction process, which is carried out by local self-government bodies. State supervision is carried out by the central body of state power, which ensures the formation and implementation of state policy in the field of construction, one of the deputy ministers is also the chief inspector of the state urban planning supervision.
The bill also proposes to expand the range of entities providing services in the construction sector, subject to their certification. In addition, compulsory liability insurance is provided for certified persons in the field of urban planning (architects, design engineers, technical supervision, experts, etc.).
According to the provisions of the bill, a building permit will be granted if there is a positive conclusion of a comprehensive examination of design documentation, posted in the register with the qualified signatures of an expert organization.
Commissioning of facilities of CC1 class is carried out on the basis of an act of readiness of the facility, drawn up after its inspection in the presence of the customer, and signed by the technical supervision engineer and the author of the construction project. In the case of CC2 and CC3 class facilities, registration of a free state certificate of acceptance of the facility into operation is also carried out, which is formed after the signing of the act of readiness by the contractor, the head of the expert organization, experts and the insurer. These documents are also included into the register.
In turn, bill No. 5072 provides for an increase in fines for violation of legislation, building codes and regulations, including during planning and development of territories, violation of environmental safety rules, failure to comply with legal requirements of officials of state construction control and supervision, as well as personify liability for these violations.
In addition, it is proposed to introduce administrative liability for violations in the issuance of expert conclusions, author’s and technical supervision, performance of work without a qualification certificate or insurance contract, etc.
Criminal liability is provided for the issuance of a deliberately unlawful expert conclusion, violations by the executors of urban planning activities, non-implementation of state control and supervision, indicated in the explanatory note.

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NATIONAL BANK OF UKRAINE INTRODUCES INTO CIRCULATION 50-HRYVNIA BILLS, 5-HRYVNIA COINS

The National Bank of Ukraine (NBU) on December 20 introduced into circulation the upgraded 50-hryvnia bills, as well as 5-hryvnia coins that will gradually replace the respective banknotes, the NBU has reported on its website.
According to the report, first of all, the NBU intends to introduce 5 million of 50–hryvnia banknotes and 5-hryvnia coins. The first batch of means of payment had already been distributed to NBU regional offices.
The NBU has catered to the needs of the public, since customers will not be required to exchange the current 5- and 50-hryvnia bills for new coins and banknotes. No time limits will be imposed on the simultaneous use of new and previous banknotes in payments.
The 5- and 50-hryvnia banknotes of the previous design will be gradually replaced with coins and new banknotes as they wear out. The number of upgraded bills and coins will gradually increase in circulation, depending on the economy’s needs, the bank said.
The NBU said that the introduction of into circulation the upgraded 50-hryvnia bills and 5-hryvnia coins is a part of optimizing and upgrading the banknote and coin series of hryvnia.
Since 2014, the NBU has been upgrading the hryvnia and streamlining cash settlements. Optimization of the banknote and coin series of hryvnia is expected to be completed in 2020 after 200-hryvnia banknotes are introduced into circulation alongside 10-hryvnia coins. Due to comprehensive changes, eventually, the hryvnia series will be optimized to 12 denominations. The new denomination series will have six coins (10 and 50 kopiikas, and 1, 2, 5, and 10 hryvnias) and six banknote denominations (20, 50, 100, 200, 500, and 1,000 hryvnias).

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DUBINSKY SUBMITS BILLS ANNULLING MILITARY LEVY TO RADA

Deputy Head of the parliamentary committee for finances, tax and customs policies (the Servant of the People parliamentary faction) Oleksandr Dubinsky last week registered bills No. 2252 and No. 2253 annulling the military levy.

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BILLS ON DETECTIVE SERVICES COULD REDUCE MARKET TO COLLECTING INFORMATION

Bills on detective services could reduce the market to only collecting and capturing information, lawyers of Kinstellar law firm – Counsel Iryna Nikolayevska and associate Julia Palaida – have told Interfax-Ukraine, commenting on bill No. 1228 submitted by MP Andriy Kozhemiakin (Batkivschyna parliamentary faction) and alternative bill No. 1228-1 submitted by MPs Mykola Halushko and Viacheslav Medianyk (both from the Servant of the People parliamentary faction).
The lawyers said that at present, the most popular services of private detectives are the search for missing persons, the search for children hidden by one of the spouses, the search for assets of a person in order to recover them, and the verification of the reliability of business partners and employees.
“If regulation of this sphere is introduced in the format proposed by bills No. 1228 and No. 1228-1, the functions of a private detective will actually be reduced to collecting and recording information, since none of these documents authorizes detectives with powers similar to those of law enforcement agencies. Moreover, the bills do not directly regulate the question of how the court should evaluate the evidence collected by the detective, and whether the court will consider it to be appropriate evidence,” the lawyers said.
The Kinstellar law firm experts believe that the information collected by the detective should be regarded as proper evidence (provided there are no violations during the collection).
“It would be nice to clarify the law in this matter,” Nikolayevska and Palaida said.
Moreover, in general, the lawyers consider attempts to regulate the sphere of private investigations to be positive.

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