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Archive for June 30th, 2011

Russian ruble threatens Ukrainian economy

Posted by the Editor on June 30, 2011


News / 30 June 2011 | 18:01

Russian ruble threatens Ukrainian economy

Russian ruble threatens Ukrainian economy

Ukraine faces risks of the ruble expansion in the country and expansion of currency reserves at the expense of the ruble, this is rather a risk for Ukraine than benefit, Economic Programs Director of the Razumkov Center Vasyl Yurchyshyn told a round table named Possible Risks of H2 2011, UKRINFORM reported.

Among the risks for Ukraine, the expert singled out three main moments: dull internal economic dynamics; global slowdown of the world economy renewal; the Russian factor, both political and economic components.

He also noted that the Russian economy remains weak, it loses in the growth, the ruble rate depends on the oil price and attempts to peg to such an economy, which is so “dependent on raw materials,” is a risk for Ukraine.

“And taking into consideration the fact that large Russian banks entered the banking system of Ukraine, whose profits occupy 20% of the first twenty largest banks of Ukraine, it is an influential instrument,” Yurchyshyn underscored.

Earlier, it was reported that the number of banks increases in Ukraine, offering deposits for business in rubles. By the end of June, already six banks in the country from among 25 leaders of the service market for entrepreneurs are offering deposits in the Russian currency.

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President: Culture policy needs reform

Posted by the Editor on June 30, 2011


News / 30 June 2011 | 16:46

President: Culture policy needs reform

President: Culture policy needs reform

Achieving democratic culture policy in Ukraine requires a number of reforms, President Viktor Yanukovych said at a meeting of the Public Humanitarian Council. 

“We should take European experience into account… Reforms should focus on improving public administration for the government model in humanitarian area supported the initiative of citizens… This will allow involving citizens in public life more intensively,” he said. 

The President is confident that the construction of truly European level cultural policy should also rely on the support of NGOs, mostly because they are the experts of the society. “I think we can trust them and build our work on mutual cooperation,” Viktor Yanukovych said. 

He called for establishing a working group to elaborate a concept of public humanitarian policy with its participants being the members of the Public Humanitarian Council and National Academy of Sciences. 

The President emphasized that this work should be done quickly, so that the appropriate legislative initiative was introduced to the Parliament before it considers draft 2012 Budget. 

According to Viktor Yanukovych, systemic culture reform, which should begin soon, will be an important step in reforming the humanitarian sphere, which will fundamentally changed the humanitarian policy of the state making it really meet the society’s needs.

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Tymoshenko: I will file motions on the right to fight Rosukrenergo

Posted by the Editor on June 30, 2011


News / 30 June 2011 | 15:53

Tymoshenko: I will file motions on the right to fight Rosukrenergo

Tymoshenko: I will file motions on the right to fight Rosukrenergo

At the next sitting of the Kyiv Pechersk court the leader of the Batkivchshyna party Yulia Tymoshenko intends to file a motion on traveling to the U.S. to participate at the sitting of the District Court of the Southern District of New York, which reviews a claim against a co-owner of Rosukrenergo Dmitry Firtash.

“At the next hearing I will present a motion on my right to travel to the United States, to be able to fight Firtash, Rosukrenergo, and corruption in Ukraine not at Ukrainian courts, but at the international courts,” Yulia Tymoshenko told reporters.

In turn, the lawyer Serhiy Vlasenko has a priori expressed doubts that the judge Rodion Kirieyev will satisfy the request. “The judge is afraid to release Tymoshenko to go to Lviv for the weekend. What kind of America we are talking about? Here I am more pessimistic than Yulia Volodimirovna,” he said.

Serhiy Vlasenko added that in case of absence of Yulia Tymoshenko on trial in New York a group of lawyers will act on her behalf. “Respective procedures will be conducted with the participation of lawyers,” he said.

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Plant for production of containers for radioactive waste opens in Ukraine

Posted by the Editor on June 30, 2011


News / 30 June 2011 | 14:32

Plant for production of containers for radioactive waste opens in Ukraine

Plant for production of containers for radioactive waste opens in Ukraine

A plant for the production of steel barrels and concrete containers for the storage of radioactive waste from the Chornobyl nuclear power plant has opened in Slavutych (Kyiv region), the press service of the Ukrainian Emergencies Ministry has reported, according to UKRINFORM.

The construction of the plant was funded by the European Commission and carried out under the TACIS Nuclear Safety Program.

According to the ministry, the overall project cost is EUR 5.568 million. The plant has a capacity of producing 34,250 steel barrels and 700 concrete containers per year. The plant will reach such production figures within two or three months.

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Vlasenko: Judge is in a hurry to make a gift to the President

Posted by the Editor on June 30, 2011


News / 30 June 2011 | 12:50

Vlasenko: Judge is in a hurry to make a gift to the President

Vlasenko: Judge is in a hurry to make a gift to the President

Lawyer of the leader of the Batkivchshyna party Serhiy Vlasenko said that the adjournment of the proceedings on Yulia Tymoshenko’s case until July 4th demonstrates the desire of the judge to speedily terminate the trial.

“The judge is rushing very very much, because, perhaps, he has to make a birthday present for the President,” said Serhiy Vlasenko after the hearing, Tymoshenko’s official website reported.

Yulia Tymoshenko’s lawyer said that scheduling of the hearing of the merits of the case for Monday, July 4th, is a direct violation of the law.

“As per the law the judge had no legal right to assign the case hearing for Monday, because as per law the judge had to give three days – Thursday, Friday and Saturday – and according to law, if the last day falls on a weekend, then the last day is considered the first working day. That is the last day of a three-day period by law is Monday, and already for Monday the judge has scheduled the case,” he explained.

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President: Deregulation will promote European standards of doing business in Ukraine

Posted by the Editor on June 30, 2011


News / 30 June 2011 | 11:01

President: Deregulation will promote European standards of doing business in Ukraine

President: Deregulation will promote European standards of doing business in Ukraine

President Viktor Yanukovych is confident that the successful completion of deregulation will promote the establishment of modern European standards in Ukraine, he said at a Ukrainian-Mongolian business forum in Kyiv. “I am convinced that deregulation will lead to us achieving European standards of service, including the technical standards that are in the world,” he said.

Viktor Yanukovych noted that international experience in that area is being carefully studied in Ukraine, experts from leading consulting companies of the world are involved in the work of the Committee on Economic Reforms.

He also said that the ongoing administrative reform is aimed at “strategic restructuring of our country to ensure better implementation of the reforms that have begun gaining momentum.”

Viktor Yanukovych stressed deregulation of the economy is aimed at removing obstacles to doing business in Ukraine. He reminded that 12,000 companies providing administrative services and often working corruptly that were “invented by the officials of various levels” have already been eliminated. “The ‘corruption tax’ paid by Ukrainian business is gradually decreasing and will continue to,” Viktor Yanukovych said. “This path [of reforms] is made difficult by the enormous resistance of the bureaucracy.” he added, pointing to the problem of some corrupt officials accustomed to doing business on the state budget trying to abuse democratic slogans.

The Head of State reiterated that the process of reform in Ukraine is irreversible, so is the struggle against corruption. “This process is difficult, painful. This is not a temporary solution, but a continuous work that will be conducted during the modernization of our country,” he said.

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