Business news from Ukraine

Representative of the head of state in the Ukrainian government Andriy Gerus has said that amendments to the Constitution of Ukraine should be made for the creation of independent regulators. “This should be regulated by the adoption of a new law on the NCER [the National Commission for Energy, Housing and Utilities Services Regulation], which will envisage slightly different appointment procedures. In addition, in our opinion, the Constitution should be amended to ensure that there are different regulators, not only energy, but also some anti-corruption bodies,” Gerus said at a briefing in Kyiv on Friday.
He said that this will avoid such situations in the future.
At the same time, Gerus said that after the reformatting of the NCER some existing members might remain in it, but new ones will be appointed.
Asked whether the decision of the Constitutional Court applies only to the NCER or also to the National Commission for Securities and the Stock Market and National Commission for the Financial Service Markets Regulation, Gerus said that the decision concerns only the national commission in the field of energy.
As reported, the Constitutional Court of Ukraine, which declared unconstitutional some provisions of the law on the NCER, ruled that they will cease to be in force from December 31, 2019.