2 October, 2013 16:20 ▪
American Chamber of Commerce calls on Ukrainian government to stop discrimination of business
The appeal addresses a number of legislative initiatives regarding outdoor advertising market drafted by the Cabinet and the parliamentary majority MPs.
The ACC warns of the risks that will emerge if the draft laws submitted to the Verkhovna Rada this summer by the Party of Regions MP Anton Yatsenko and the Cabinet are passed. According to the ACC, all these draft laws have a similar subject, while their approval might create obstacles for businessmen.
The ACC says a number of draft laws provisions are at odds with business and state. It also warns of potential losses for local budgets and job cuts.
The ACC also notes risks for business activity in the country and possible losses of international contracts.
The ACC calls on the government of Ukraine to interfere in the situation and stop processes that might have negative impact on the investment image of the country.
The ACC proposes to create a working group to solve the problem. The group should consist of international experts in legal regulation of outdoor advertising.
As reported earlier, Ukrainian experts have already stated that the approval of the draft law on outdoor advertising by the legislature would destroy the outdoor advertising sector.
READ ALSO: A Road Map for Economic De-Sovietization
In summer, the Cabinet of Ministers approved the draft law On Placement of Outdoor Advertising Along Public Highways, Streets and Roads Of Cities and Other Localities, drafted by Interior Ministry. Its authors propose to ban placement of outdoor advertising along the traffic area of public highways and less than 10 km away from the traffic area edge, on road signs and streetlight pillars, in the areas of transport junction, bridges and “in places of road accidents concentration.”
The draft law authors argue they are taking care of road traffic security. They also refer to the President’s decree on the 2010-2014 National Strategy to Implement Economic Reforms that demands the legislature to adjust legislation on outdoor advertising to the European framework and ban the placement of outdoor advertising on road signs.
- Ukraine improved its positions in Doing Business 2014 rating by 25 points
- The World Bank: Without urgent reforms, Ukraine's budget and current-account deficits will widen beyond the government’s control
- Ex-Finance Minister Viktor Pynzenyk: The government has spent USD 16bn to support stable hryvnia exchange rate over the past two years
- The Economist: Ukraine is among top 10 emerging markets most vulnerable to a freeze in capital inflows
- Expert: the pro-Russian business lobby in Ukraine is today weaker than at the beginning of Yanukovych’s presidency
- Ukraine’s “exports” to Belize grows 132,378%
- EBRD plans hryvnia bonds, swaps and money market deals in Ukraine
- Standard & Poor’s: Ukraine and Turkey are the liquidity squeeze liders
- Fitch revises Ukraine's outlook to negative