Business news from Ukraine


The Cabinet of Ministers approved the procedure for recognizing professional qualifications obtained in other countries in Ukraine, the corresponding decision was made at a government meeting on Wednesday.
It is said that this procedure does not apply to qualifications confirmed by documents on the formation of the USSR, obtained before May 15, 1992. Qualifications obtained in countries with which international treaties are in force are recognized in accordance with the provisions of these treaties.
A professional qualification obtained in another country can be recognized in Ukraine if there is a supporting document issued by an authorized body of the relevant country and a document on education.
It is expected that the implementation of this decision will assist citizens of Ukraine, foreigners, stateless persons, refugees and persons who need temporary protection for employment and professional activities in accordance with the legislation of Ukraine.

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Domestic pharmaceutical manufacturers hope to simplify the procedure and conditions for state registration of active pharmaceutical ingredients (API), which will allow maintaining the volume of drug production in conditions of API shortage, said President of the Association of Manufacturers of Medications of Ukraine (AMMU) Petro Bahriy.
“At one of the meetings in the Ministry of Health, it was decided to simplify the procedure and conditions for state registration of APIs that are part of all medicines, due to the aggravation of the problems of supplying raw materials for the production of drugs to Ukraine due to the introduction of restrictions on export by main suppliers (China, India), in case of replacement of the API manufacturer for the registration of alternative API suppliers in order to avoid a shortage of necessary medicines,” he said in an exclusive interview with Interfax-Ukraine.
The head of the AMMU also noted that domestic pharmaceutical manufacturers hope that the possibilities of using mechanisms of state guarantees, state orders and state reserves for the procurement of medicines will be considered.
At the same time, Bahriy believes that one of the real steps of the state, which would allow solving the problem of the deficit of imported APIs, could be an appeal by the Ukrainian embassies to the governments of the countries in which APIs are produced.
“We need to consider real steps. This can be help from our embassies, which can appeal to the governments of the states where APIs are produced, for example, China or India, so that they somehow pay attention to Ukraine, increase quotas. Although we understand that the effect of this is unlikely will take place, since the United States, the EU, and the whole world, which is in line, turn to these governments,” he said.

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Ukraine’s Verkhovna Rada on Thursday, October 18, passed the Code of Bankruptcy Procedures of Ukraine (bill No. 8060) with 237 supportive votes, an Interfax-Ukraine correspondent has reported. “Thanks to the adoption of the code we would climb 10 positions in Doing Business,” Head of the parliamentary committee for economic policy Andriy Ivanchuk said, presenting the bill. Representing the code, the deputy said that the document is structured into four books. According to him, the first book regulates the general provisions and deadlines, the second – the activities of the self-governing organization of arbitration managers, the third – the issues of bankruptcy of legal entities.
“And the fourth book is a novelty in the Ukrainian legislation, earlier the country did not have it – it is the bankruptcy of individuals,” Ivanchuk said.
He said that this book provides an opportunity for individuals – bona fide borrowers in the event of a difficult economic situation to initiate a bankruptcy procedure and get rid of this debt obligation, while the lender is deprived of this right.
Ivanchuk said that more than 1,300 amendments were received to this bill for the second reading, of which approximately 40% were rejected. According to him, when the code was finalized, its structure was changed: the entire notions were removed from the bill, for example, the amicable agreement, and all remarks related to the amicable agreement lost their relevance.
The head of the committee said that a block of amendments on the introduction of an automated arrest of accounts was rejected, as it had not previously received support in parliament.
“Most of the amendments on the introduction of a unified electronic registry of debtors were rejected. In the process of discussion and in-depth analysis, we were shown fears that there might be a leak of confidential information about legal entities, especially individuals,” Ivanchuk also said.
According to him, many questions were transferred to the level of bylaws, in particular, the specification of the regulation of the procedure for the sale of the debtor’s property.
First Deputy Minister of Economic Development and Trade Maksym Nefyodov said that the adopted document provides for the sale of bankrupt property at transparent electronic auctions of the ProZorro.Sales system. The head of the committee also said that the code would be enacted in six months.
Immediately before the vote, Ivanchuk reported that the Main Legal Department of the Verkhovna Rada prepared its comments on the document, which the committee promptly took into account on the evening of October 17. In this regard, he read another five pages of amendments with which the code was adopted.

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