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Archive for November 11th, 2010

NBU will ban anonymous bank accounts

Posted by the Editor on November 11, 2010


News / 11 November 2010 | 18:02

NBU will ban anonymous bank accounts

NBU will ban anonymous bank accounts

“The banks are banned to open and keep anonymous (number) accounts. The banks are obliged to identify clients who open accounts, as well as persons who are authorized to act on their behalf, in the procedure established by the legislation,” the NBU draft amendments read, according to National radio.

Banks, in particular, will be obliged to identify a client-natural person who opens an account, his/her persons empowered to act for him/her, as well as persons authorized to act on behalf of a client-legal person. The present wording of the instruction on the procedure for opening accounts, approved in November 2003, has not a direct ban for banks to open and keep anonymous (number) accounts. Earlier, the State Tax Administration has exposed a powerful center for illegal exchange of cashless funds into cash funds with five banking establishments involved in its activities.

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Ukrainian opposition protests 48-hour workweek plans

Posted by the Editor on November 11, 2010


News / 11 November 2010 | 16:26

Ukrainian opposition protests 48-hour workweek plans

Ukrainian opposition protests 48-hour workweek plans

The Ukrainian opposition is against the government’s plans to extend the working week from 40 to 48 hours, a shadow cabinet member said, according to RIA Novosti.

A new labor law pending in the Ukrainian parliament was drafted by the ruling Party of Regions.

The bill’s authors have said it sets a 48-hour cap as current legislation sets no limit on working hours at all.

“These amendments undo all the previous gains aimed to protect employees’ rights on the legislative level,” Serhiy Sobolev, a member of the Yulia Tymoshenko faction, said.

The proposed working hours are in conflict with international and European standards, make employees dependent on their employers and destroy the independent labor movement, he said.

The opposition is preparing counterproposals to the document, Sobolev said.

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IMF satisfied with talks with Ukrainian authorities

Posted by the Editor on November 11, 2010


News / 11 November 2010 | 14:43

IMF satisfied with talks with Ukrainian authorities

IMF satisfied with talks with Ukrainian authorities

A mission from the International Monetary Fund (IMF) has said that negotiations with the Ukrainian authorities are being conducted constructively, IMF Resident Representative in Ukraine Max Alier said at the Ukrainian Investment Forum, entitled “Attracting Investments in Changing Times,” in Kyiv on Thursday.

“The discussions are currently going well, and the mission is working,” he said, UKRINFORM reported.

Alier noted that mission experts were analyzing the fulfillment by Ukraine of its commitments as part of its cooperation with the IMF, as well as studying issues related to possible further measures to be taken by the country.

The IMF resident representative said that the results of the IMF mission’s work would be announced no earlier than next week, and declined to comment on the prospects for the receipt by Ukraine of the second tranche of the Stand-By Arrangement.

The IMF mission will work in Ukraine until November 15. The mission, led by Athanasios Arvanitis, is examining the implementation of the stand-by program approved for Ukraine in July 2010. The program foresees the allocation of USD 15.8 billion to Ukraine loan the next two-and-a-half years.

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Cabinet vows to refuse from piracy software

Posted by the Editor on November 11, 2010


News / 11 November 2010 | 12:51

Cabinet vows to refuse from piracy software

Cabinet vows to refuse from piracy software

The total amount of the debt of the Ukrainian government for the use of illegal software (software) is now about USD 100 million. The sum was announced at a press conference dedicated to software piracy in Ukraine by Microsoft Ukraine CEO Dmytro Shymkiv, UKRINFORM reports.

Earlier, Deputy Prime Minister Borys Kolesnikov at a meeting with Microsoft CEO Steve Ballmer promised that the government in the next 5-6 months will legalize software that is used at government agencies.

According to a study conducted by IDS, the level of software piracy in Ukraine today is 85%.

Experts estimate that a 10% reduction over four years could provide USD 586 million for new economic activities, as well as 1,957 new jobs for IT workers and an additional USD 88 million of taxes until 2013.

If the level of software piracy in Ukraine for two years will be reduced by 10%, this according to a study may bring additional USD 755 million to GDP, plus USD 116 million to pay taxes.

At the same time, 61% of the specified additional GDP will remain in Ukraine.

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President: Ukraine wishes to cooperate with international experts in improvement of electoral legislation

Posted by the Editor on November 11, 2010


News / 11 November 2010 | 11:01

President: Ukraine wishes to cooperate with international experts in improvement of electoral legislation

President: Ukraine wishes to cooperate with international experts in improvement of electoral legislation

November ten president Viktor Yanukovich held the first meeting of a working group on improving the electoral legislation, presidential press office informed.

As Chairman of the Central Election Commission of Ukraine, Volodymyr Shapoval said during the discussion of ways to improve the electoral legislation, any electoral system has flaws and these flaws, depending on the particular situation in different countries, are different.

Volodymyr Shapoval expressed the opinion that the position on the electoral system should be clear and supported by a large part of the society. In this case, he said, “the electoral system may even be enshrined in the Constitution of Ukraine”.

Such practice is common in many countries. “We know that for nearly 20 years of independent Ukraine, we had tested all the possible electoral systems. This, I think, looks like a caricature,” he said.

Obviously, added Mr. Shapoval, any decision concerning the electoral law will be criticized as the election result cannot satisfy everyone. “But I am convinced – the electoral legislation must ensure that election procedures are clear and obvious so that there is no place for politics there,” he said.

President of the National Academy of Legal Sciences of Ukraine, Rector of the National Law Academy of Ukraine Vasyl Tatsiy expressed the opinion that mixed electoral system is the most applicable in Ukraine.

“My observation of the previous local elections say that people accept with understanding and support the approach that gives the opportunity to elect not only a party, but also specific people, see their faces, then appeal to them with requests. This will improve the cooperation of voters and deputies,” Vasyl Tatsiy said.

Members of the working group expressed support to President’s position the not only domestic but also international experts should be invited to the work on new electoral laws.

In his speech at the event, Ake Peterson, Representative of the Secretary General of the Council of Europe in Ukraine for coordination of cooperation programs has agreed to such cooperation. “We are ready to join the work to improve the electoral law,” Mr. Peterson said.

Viktor Yanukovych said that Ukraine, having put the goal of EU membership, is ready to cooperate with international experts.

“We are interested in this … At certain stages of the working group’s activity we need to hear the views of international experts and seek understanding. We have no other way,” he said.

In his speech at the meeting, Parliament Speaker Volodymyr Lytvyn stressed that there are about electoral 30 bills registered in the Parliament. There are 2 drafts of the Election Code, and 10 bills relating to the issue.

Volodymyr Lytvyn said that the elaborated draft Electoral Code, which will be be submitted to the Venice Commission, should be agreed. “We need to find an agreed document. This should be the position of Ukraine, rather than that of the committee, or the faction. Obviously, within our working group we can and will elaborate such an approach,” Volodymyr Lytvyn said.

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