Economics

Rada has simplified the attraction of foreign investments to Ukraine

Rada has simplified the attraction of foreign investments to Ukraine

© UNIAN

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Today, 14:06

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This bill may bring to the country about 100 billion UAH of investment.

The Verkhovna Rada of Ukraine on may 15 passed a bill which provides for the creation of a “nominee” who has the right to provide services for the registration of securities, which should greatly simplify attraction of foreign investments in Ukrainian government bonds.

For the corresponding bill voted 244 deputies and 10 abstained.

“The Law stipulates that foreign financial institutions that satisfy the project criteria and are actually of foreign Depository institutions under the laws of the state of registration, identified nominees and provided an opportunity for Ukrainian Depository institutions to open their securities account of the nominee. These accounts of the Ukrainian Depository system will maintain records of securities and rights to securities owned by the clients of the nominee”, – the press service of the Verkhovna Rada of Ukraine.

See also:

Bribes and corrupt judges harm the confidence of foreign investors to Ukraine – Ambassador of France

The decision of the Parliament commented on the Prime Minister of Ukraine Volodymyr Groysman, calling the bill another alternative credit mechanism to attract funds for the development of economy and realization of socially important projects. According to him, this mechanism may bring Ukraine about 100 billion UAH of investment.

244. +1 bill with a TOP-35 adopted as a whole. #6141 to create a nominee is an important step for attracting foreign investment. Another credit mechanism to attract funds for the development of economy and realization of socially important projects. pic.twitter.com/Ed29qEg9zK

— Volodymyr Groysman (@VGroysman) May 15, 2018

Also today, the Verkhovna Rada of Ukraine adopted the bill, which provides for the strengthening of copyright protection by defining the principles of operation of collective management organizations.

 

  • the Verkhovna Rada
  • the bill
  • investment
  • bonds

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