Business news from Ukraine

PARLIAMENT PASSES AT FIRST READING BILL BANNING PALM OIL USAGE

Ukraine’s Verkhovna Rada on Tuesday passed at first reading bill No. 3871 amending some Ukrainian laws regarding the ban on the use of palm oil in food. A total of 233 lawmakers backed the document.
The bill proposes amending the Code of Administrative Offenses of Ukraine, the laws on milk and dairy products, on the key principles and requirements to safety and quality of food. The amendments introduce administrative punishment for production and sale of food with palm oil content. It is banned to use palm oil in production of dairy products and food made in Ukraine.
The violation of the law implies a fine from 20 to 100 non-taxable minimum incomes of citizens (UAH 17) imposed on officials. The repeated violation committed during one year after imposing the first fine entails a fine from 100 to 200 non-taxable minimum incomes of citizens.

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PARLIAMENT PASSES CONCESSION BILL

Ukraine’s Verkhovna Rada has passed at first reading bill No. 8125 on concession. A total of 240 lawmakers backed the document on Tuesday. Head of the parliamentary committee for the economic policy Andriy Ivanchuk said that the bill divides regulation of concession and other forms of public private partnership, relaxes the rules of allocating land parcels for concession projects, sets the unified rules of making decisions for all types of public private partnership, including concession. The ownership right to the facility under concession is left to the territorial community, he said.
“According to statistics, the EU has signed concession agreements for EUR 12 billion. This is a modern tool that triggers development of infrastructure,” he said, presenting the bill in parliament. Ivanchuk said that the bill requires revision for second reading, in particular, in relation to the concession tender

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