Anti monopoly comity of Ukraine (AMCU), allowed the European Bank for Reconstruction and Development (London, UK) to acquire shares in OAO Slobozhanskyi Ceramic Plant (Kiev), according to the press service of the Antimonopoly Committee.
This would allow the EBRD to hold over 25% of the voting rights on the regulatory board of the company.UGMK.INFO
A new Internal Revenue Code has been approved this month (November 18) by the Ukraine Parliament and is now due to come into force next year, becoming one of the most controversial rulings for the last five years, with critics suggesting that abolition of flat rate taxes for entrepreneurs opens up more opportunities for intervention [...]
Post-Soviet countries could have something to learn from Georgia’s playbook. When Georgian President Mikheil Saakashvili came to power after the bloodless 2003 Rose Revolution, Georgia, with its population of 4.5 million, was widely seen as one of the most corrupt countries in the former Soviet Union. Saakashvili battled corruption, streamlined bureaucracy, and pushed through successful economic reforms. The world has noticed. In 2010, Transparency International graded Georgia 68th out of 178 countries for corruption, a leap from 2003 when it ranked a lowly 127th. Ukraine ranked 134th.
From Radio Free Europe, Radio Liberty
The International Monetary Fund (IMF) is ready to support Ukraine’s efforts aimed at economic growth, IMF Resident Representative in Ukraine Max Alier said after meeting with Vice Premier Sergiy Tigipko on Friday.