Our guest speaker presented the banking sector reforms in currency regulation sphere as well as further action steps of the National Bank of Ukraine regarding implementation of the Law "On Currency"
The workshop was devoted to the review of the first already completed procedures for redemption of minority shareholder shares as well as to the discussion of prospects of banking products and legal instruments that use escrow accounts in Ukraine (financial transactions, large mergers and acquisitions)
The meeting was devoted to the discussion of implementation and further development of the BankID System in Ukraine
Participants had an opportunity to discuss further development of electronic digital signature and the National Bank of Ukraine vision of its implementation
Meeting was devoted to discussion of Draft Law #8055 "On Financial Ombudsman Institution" with the representatives of USAID, possibility to merge private banking accounts with business accounts as well as priority issues for the Committee in the new business season
New legislative regulation of digital transformation in the Ukrainian and international banking and financial markets and other issues were covered during the conference
The American Chamber of Commerce in Ukraine welcomes the adoption of Draft Law #8152 "On Currency" by the Verkhovna Rada of Ukraine
Key indicators of macroeconomic situation in Ukraine and on Western markets, inflation forecasts and foreign currency exchange indexes dynamics and other issues were covered
Currency liberalization is a key step for the continuous sustainable recovery of Ukraine. We welcome the passing of Draft Law #8152 "On Currency" by Parliament in the first reading
On May 17, the Verkhovna Rada of Ukraine passed in the first reading Draft Law #6027-d “On Amendments to Certain Legislative Acts of Ukraine regarding Restoration of Lending”, which is aimed at increase of the volume of lending to the real sector of economy and making credit resources more affordable
The American Chamber of Commerce in Ukraine welcomes passing of Draft Law #8152 "On Currency" in the first reading by the Verkhovna Rada of Ukraine
The meeting was devoted to the discussion of the concept of building the second pillar of the Ukrainian pension system and in the course of discussion, Oleksandr Panchenko, Commissioner of National Securities and Stock Market Commission (NSSMC), presented NSSMC Concept
Speakers shared experience of key market players regarding dealing with distressed assets (non-performing loans) in Ukraine
The meeting was devoted to the discussion of the strategy of the National Bank of Ukraine and its further plans in 2018
The objective of the meeting was to discuss Committee Priorities for 2018 and respective action plan
The meeting was devoted to discussion of prospects for the development of factoring operations in Ukraine
We discussed prospects for the development of factoring operations in Ukraine with representatives of the National Bank of Ukraine, Ministry of Economic Development and Trade of Ukraine, and Ministry of Finance of Ukraine
The American Chamber of Commerce in Ukraine welcomes steps of the National Bank of Ukraine aimed at currency market liberalization and foreign currency control relaxation, namely recent adoption of NBU Resolution #112 "On Amendments to NBU Resolution #410 “On Regulation of Situation at the Monetary and Foreign Exchange Markets of Ukraine” of December 13, 2016"
Panel Discussion focused on key indicators of macroeconomic situation in Ukraine and on Western markets as well as on inflation forecasts and foreign currency exchange indexes dynamics
Meeting was focused on discussion of the key indicators of macroeconomic situation in Ukraine, defining perspectives of the main sectors of economy as well as investment trends and sentiments
During the meeting were highlighted the Banking Sector Reforms as well as discussed further action steps of the National Bank of Ukraine
The Chamber welcomes adoption of Resolution of the Board of the National Bank of Ukraine #101 dated October 10, 2017 "On Amendments to the Resolution of the Board of the National Bank of Ukraine #410 dated December 13, 2016", which entered into force on October 12, 2017. With this Resolution NBU continues gradual liberalization of foreign currency market regulations
The Meeting was a great opportunity to discuss monetary policy as well as foreign currency control liberalization
Chamber Infrastructure Committee experts joined the meeting devoted to discussion on Draft Law “On Concession” which was presented by representatives of the Ministry of Economic Development and Trade of Ukraine, Ministry of Infrastructure of Ukraine and European Bank for Reconstruction and Development
The purpose of the meeting was to discuss Draft Law #6573 “On Amendments to the Law of Ukraine regarding Payment Systems and Transfer of Funds in Ukraine"
A number of actions was approved recently by the Cabinet of Ministers of Ukraine in view of restructuring debts under court decisions, execution of which are guaranteed by the State. On July 12, the Government adopted the Resolution #522, approving the mechanism of use of funds, previewed by the State Budget for execution of judgments, guaranteed by the State. Later, on August 9, the Cabinet of Ministers adopted a Resolution #591 regarding creation of an interinstitutional working group for resolving issues, related to restructuring such debts
The Chamber welcomes that Order of the Ministry of Finance of Ukraine #524 dated May 24, 2017, amending Order #207 dated December 25, 1995 "On Approval of the Form of Declaration on Currency Values, Revenues and Property Owned by the Ukrainian Resident and Located Abroad", entered into force. According to the document, the National Bank of Ukraine terminates issuance of certificates on the declaration of currency values to business entities
During the meeting were discussed key indicators of macroeconomic situation in Ukraine and on Western markets as well as inflation forecasts and foreign currency exchange indexes dynamics.
Our guest speaker highlighted the Banking Sector Reforms as well as focused on further action steps of the NСSSM
The Chamber welcomes adoption of Resolution of the Board of the National Bank of Ukraine (NBU) #51 dated June 8, 2017 "On Amendments to Certain Acts of the National Bank of Ukraine" that came into force on June 12, 2017
Deputy NBU Governor highlighted the Banking Sector Reforms as well as focused on further action steps of the National Bank of Ukraine
The Chamber welcomes adoption of Resolution of the Board of the National Bank of Ukraine (NBU) #44 dated May 30, 2017 "On Amendments to Certain Acts of the National Bank of Ukraine". Cancellation of the limit for individuals to transfer money from Ukraine for non-trading operations will come into force on June 12, 2017. The rest of changes approved by this NBU Resolution came into force on May 31, 2017
The Chamber welcomes adoption of Resolution of the Board of the National Bank of Ukraine (NBU) #41 dated May 25, 2017 "On Amendments to Certain Acts of the National Bank of Ukraine". The provision on deadline for settlements of exports and imports of goods, which was extended to 180 days, comes into force today (May 26) while other changes approved by this NBU Resolution will come into force on June 12, 2017
Our guest speaker highlighted the Banking Sector Reforms as well as focused on further action steps of the National Bank of Ukraine
The Chamber welcomes signing of Law #1985-VIII “On Simplification of Procedures for Capitalization and Restructuring of Banks” by the President of Ukraine Petro Poroshenko
The Chamber welcomes signing of Law #1974-VIII “On Amendment to Chapter VI "Final and Transitional Provisions" of the Budget Code of Ukraine regarding Introduction of Medium-Term Expenditure Framework” by the President of Ukraine Petro Poroshenko
The Chamber welcomes the adoption of Resolution of the Board of the National Bank of Ukraine (NBU) #33 dated April 13, 2017 "On Amendments to Certain Acts of the National Bank of Ukraine" that came into force on April 14, 2017
American Chamber of Commerce in Ukraine constantly strives to be a reliable partner in the process of Ukraine’s economic recovery and development. Now it is vital to implement structural reforms in the banking and financial sector, including further clean-up of the banking system, continuation of the process of liberalization of currency regulation and rebuilding reserves, which stay important for the business community
The purpose of the meeting was to discuss current issues in the banking sector, including Draft Laws important for the banking system, currency liberalization and leasing issues
The Chamber welcomes the adoption of Resolution of the Board of the National Bank of Ukraine #30 dated April 4, 2017 "On Amending Resolution of the National Bank of Ukraine of December 13, 2016 #410“ which came into force on April 5, 2017
Representatives of the National Bank of Ukraine jointly with representatives of the Ministry of Finance of Ukraine highlighted FATCA and its influence on the banking sector in Ukraine
Our guest speaker Ruslan Demchak, Deputy Head of the Verkhovna Rada of Ukraine Banking and Financial Services Committee highlighted the Banking Sector Reforms as well as focused on Draft Laws that are essential for the banking sector and are under VRU Committee’s consideration
Meeting has been devoted to discussion of the current state of the banking system and vision of its further development
The meeting has been devoted to discussion the monetary policy, foreign currency control liberalization as well as protection of the creditors' rights and increase in lending
The purpose of the meeting was to review Top-10 Priorities on Currency Liberalization and develop a respective action plan
The purpose of the meeting was to help banks to identify fraud of corporate borrowers and deal with its consequences
During the meeting participants discussed the FX rules, prospects of liberalization and current problematic issues
Mr. Didiuk presented an overview of the work of OPIC and its financing and insurance programs, his organization’s current investment portfolio in Ukraine of $233 million and the opportunities for OPIC to help support greater amounts of foreign investment for Ukraine
The purpose of the meeting was to discuss how to prevent ATM and credit cards fraud
The Chamber welcomes passing in the first reading the Draft Law #4117 "On Amendments to Certain Legal Acts of Ukraine regarding Liberalization of Cash Payments" by the Parliament of Ukraine
he Chamber welcomes the adoption of Resolution of the Board of the National Bank of Ukraine #386 dated September 14, 2016 "On Settlement of the Situation on the Money-Credit and Foreign Exchange Markets of Ukraine" which comes into force today, on September 15, 2016
The Chamber welcomes the liberalization initiative adopted by the National Bank of Ukraine approved by the Board Resolution №372 of August 18, 2016 "On recognition invalid some normative acts of the National Bank of Ukraine" that cancelled requirement to provide the expert price assessment Act of the State Enterprise State Research and Information Center for Monitoring International Commodity Markets «DERZHZOVNISHINFORM» that is used by residents to pay for import of services
The Chamber welcomes the initiative of the National Bank of Ukraine (NBU) to continue the gradual liberalization of foreign currency market regulations
List of priorities and Committee's strategy for the new business season as well as Draft Laws #3498 and #4529, CMU Resolution #37 has been discussed at the meeting
The Chamber welcomes adoption of Draft Law #3555 “On Financial Restructuring” by the Verkhovna Rada of Ukraine (VRU) which facilitates the creation of mechanism for voluntary financial restructuring of debts of enterprises as foreseen in the Memorandum of Cooperation between Ukraine and the International Monetary Fund and which is one of the goals of the Comprehensive Program of Ukraine's Financial Sector by 2020
The Chamber welcomes steps of the National Bank of Ukraine (NBU) aimed at currency market liberalization and foreign currency control relaxation through adoption of NBU Resolution #341 "On Amendments to Some Legislative Acts of the National Bank of Ukraine" and NBU Resolution #342 "On Settlement of the Situation on Currency and Exchange Markets in Ukraine" dated June 7, 2016.
Meeting has been devoted to discussion, inter alia, on current state of macroeconomic situation in Ukraine, further steps in implementation of international trends in taxtion and financial decentralization as well as plans on institutional reform of the State Fiscal Service of Ukraine.
Chamber experts discussed E-Procurements and implementation of ProZorro System.
It has been a very effective discussion of development of non-cash retail payments and cashless transactions.
Our guest speakers – Sergiy Rybalka, Head of the Verkhovna Rada Committee on Financial Policy & Banking and his Deputy Ruslan Demchak highlighted the Banking Sector Reforms focusing on Draft Laws currently registered in the Parliament
The agenda of the Panel Discussion, inter alia, will focus on key indicators of macroeconomic situation in Ukraine and Western markets
We focused on the Banking Sector Reforms and the Draft Legislation of the NBU related to Streamlining the Bank Mergers and other issues
On February 8, the Chamber attended the Round Table "Role and Place of State-Owned Banks in Ukrainian Banking System" organized by the Independent Association of Banks of Ukraine (NABU).
We focused on important aspects of financial monitoring...
The Chamber invited all interested Members to the final meeting of the Chamber-NABU Working Group on Creditors’/Investors’ RightsProtections.
On November 16, the Chamber Banking & Financial Services Committee took place with the agenda focused on Chamber-Center for Economic Strategy Draft Position Paper and more
Meeting has been devoted to the discussion of the latest Chamber-NABU Draft Comparative Table to the second reading of Draft Law #2286а “On Amendments to Certain Legislative Acts of Ukraine on Restoring...
The Draft Law “On Financial Restructuring” is an important and necessary step that will speed up the recovery of the Ukrainian economy. An opportunity to do proper voluntary financial restructuring as envisioned by the Draft Law is a generally accepted world practice which has proved to be an effective tool...
Working Group Meeting has been devoted to the discussion of joint Chamber-NABU Draft Comparative Table to the second reading of the Draft Law #2286а...
On September 21, the Chamber Banking & Financial Services Committee meeting took place and was moderated by Mr. Ihor Olekhov, Partner, Baker & McKenzie, Committee Co-Chair...
The National Bank of Ukraine ensured comfort and progress of the domestic legislation for online payment systems.
The National Bank of Ukraine ensured comfort and progress of the domestic legislation for online payment systems (such as PayPal, ApplePay, GoogleWallet and similar systems) to operate in Ukraine.
On August 3, the Chamber Banking & Financial Services Committee meeting took place with the agenda focused on the...
On June 22, the Chamber Banking & Financial Services Committee meeting took place with the agenda focused on the following issues...
Law #424-VIII “On Amendments to Certain Legislative Acts of Ukraine (regarding Conditions of Term Deposits Return)” entered into force.
NBU considered proposals of the American Chamber of Commerce regarding the closure of the real open foreign exchange position of the banks.
On May 18, the Chamber Banking & Financial Services Committee held a meeting with participation of leadership of the NBU Payment Systems Department, NBU Department for Banking System Strategy & Reform...
During the Chamber’s Round table devoted to the Program of Financial Market Development in Ukraine for 2015-2020, Vladyslav Rashkovan, Member of the NBU Council, Deputy Governor of the National Bank of Ukraine, discussed with business representatives their specific suggestions...
April 2, 2015. Kyiv – It is critically needed for Ukraine to implement tax, customs and judicial reforms. This was noticed by Mr. Dmytro Sologub, Deputy Governor of the National Bank of Ukraine during the Panel Discussion “Macroeconomic Outlook & Forecast for Ukraine”...
On March 23, the Chamber Banking & Financial Services Committee meeting took place with the agenda focused...
The NBU possesses two main instruments for stabilization of the hryvnya exchange rate: FX interventions and administrative restrictions enforcement. Implementation of the unprecedented restrictive measures was necessary for fighting with panic on the market.
The National Bank of Ukraine is working on the development and implementation of the provision on liability of persons who caused bank losses by their unlawful actions. This provision will be enshrined in the Draft Law #2085 "On Amendments to Certain...
On February 16, the Chamber Banking & Financial Services Committee meeting took place with the agenda focused on the following issues...
February 12, 2015 - The Minister of Finance Natalie Ann Jaresko held a meeting with leading Ukrainian and international investors – members of the American Chamber of Commerce in Ukraine. Ms. Jaresko presented the vision of her Ministry on the most important ways of public finance and tax policy...
On January 19, the Chamber Banking & Financial Services Committee meeting took place with the agenda focused on the following issues...
The conference aims to bring together 400+ Ukrainian and world leaders, CEOs of leading companies, media, Members of Parliament, Diplomats and opinion leaders to exchange and share their views about Ukraine’s future in a changing world.
During the event, the experts of SCHNEIDER GROUP will cover specific features of currency controls under the new Law and other questions.
