The Ukrainian Weekly 1997, No.19

Total Page:16

File Type:pdf, Size:1020Kb

The Ukrainian Weekly 1997, No.19 www.ukrweekly.com INSIDE: • Kuchma-Gore Commission to focus on Ukraine’s economic problems — page 3. • Roundtable discusses interpretations of Ukrainian history — page 9. • The late artist Mychajlo Moroz gains international recognition — page 11. HE KRAINI A N EEKLY T PublishedU by the Ukrainian National Association Inc., a fraternal non-profitW association Vol. LXV No. 19 THE UKRAINIAN WEEKLY SUNDAY, MAY 11, 1997 $1.25/$2 in Ukraine Lazarenko tries NATO secretary-general underlines Ukraine’s importance by Marta Kolomayets Partnership for Peace, in Bosnia and Ukraine to ratify the CFE Flank Agreement Special to The Ukrainian Weekly Herzegovina and in our frequent diplomatic is May 15 Mr. Solana said this is important a positive spin and military meetings. if the current talks in Vienna on moderniz- KYIV – Welcoming a new phase in rela- “Now we want to go further. We want ing are to move ahead.] by Marta Kolomayets tions between the North Atlantic Treaty to develop a document which will see the Foreign Affairs Minister Udovenko also Special to The Ukrainian Weekly Organization (NATO) and Ukraine, NATO-Ukraine relationship go beyond expressed satisfaction with the course of the Secretary-General Javier Solana arrived in KYIV – Prime Minister Pavlo what we have today,” he said addressing meetings held in Kyiv on May 7. He said Ukraine for a one-day visit on May 7, to journalists invited to attend a meeting the draft agreement presented to President Lazarenko told journalists on May 6 open the new NATO Information Center in that he expects Ukraine’s organized by Ukraine’s association of Kuchma reflected many of Ukraine’s pro- Kyiv and “to illustrate the high regard the journalists, the Ukrainian Media Club, at Verkhovna Rada to pass the 1997 posals, yet added that the negotiating allies have for Ukraine.” the Ukraine House (formerly the Lenin budget by May 20, which, in turn, process has not yet been completed. “The alliance acknowledges that Ukraine Museum). will lay the groundwork for new Minister Udovenko and Secretary- has an important and even unique place in Mr. Solana was referring to a draft foreign investments of more than General Solana signed a memorandum of the European security order. An indepen- agreement presented to President Kuchma mutual understanding between Ukraine $1.2 billion this year. dent, democratic and stable Ukraine is one outlining a “special relationship” between “I’m convinced the government and NATO regarding the opening of the of the key factors of stability and security in Ukraine and NATO. Although details of NATO Information Center in Kyiv, the has enough strength to do this and Europe. Its geographic position gives it a the agreement were not available, Mr. first of its kind. Parliament has enough intelligence major role and responsibility. Ukraine’s Kuchma told journalists that in principle “This paper seals the interest and the to do the same,” said the prime decision to renounce nuclear weapons and he agrees with the document. It is expected wish of NATO’s member-countries and minister during a 90-minute press to accede to the Nuclear Non-Proliferation that the document will be signed at the independent Ukraine to inform each other conference. Treaty greatly contributed to the strengthen- NATO summit in Madrid in July, when about the role and functions of NATO, as He attempted to put a positive ing of security and stability in Europe. It has the alliance is scheduled to announce it well as public attitudes toward the alliance, spin on the current economic situa- earned Ukraine special stature in the world plans for expansion. proceeding from the new realities on the tion in Ukraine, predicting an eco- community,” said Mr. Solana, after a full President Kuchma also said Ukraine and continent,” said the Ukrainian diplomat, nomic rebound, adding that it is day of meetings with President Leonid NATO do not diverge on the issue of the who was accompanied by Ukraine’s ambas- possible for Ukraine’s GDP to grow Kuchma, Verkhovna Rada Chairman Conventional Forces in Europe (CFE) sador to the Benelux countries and special by about 1.5 percent this year (GDP Oleksander Moroz and Foreign Affairs treaty. During his discussions with the envoy to NATO, Borys Tarasiuk. declined by 54 percent in the last Minister Hennadii Udovenko. NATO secretary-general, the Ukrainian The new center, which opened in the five years) bringing to an end the “NATO attaches a special importance to leader said that the two men discussed the building that once housed the Higher Party post Soviet-economic collapse. He its relationship with Ukraine. In 1995, issue of flank restrictions, adding that guar- School of the Communist Party of Ukraine, also noted that the economic situa- NATO and Ukraine jointly issued a state- antees were given that the deployment of is meant to dispel myths about the Atlantic tion is stabilizing because inflation ment in which we agreed to strengthen and military units from foreign countries would alliance, said Roman Lishchynsky, a has been brought down to 0.1 per- expand our relationship. I have already not be allowed on Ukrainian territory with- cent in April, from 2.2 percent in mentioned the areas of progress; in the out Ukraine’s consent. [The deadline for (Continued on page 6) January and 1.2 percent in February. Mr. Lazarenko told journalists that he sees two main priorities in Ukraine’s defense minister in U.S. to strengthen strategic partnership Ukraine today: passing three tax by Yaro Bihun the National Security Council and the State units, and a signing ceremony at which reform laws and speeding up the Special to The Ukrainian Weekly Department as well as with members of the Minister Kuzmuk and Secretary Cohen privatization process which is to be signed three bilateral agreements: WASHINGTON – Ukrainian Defense U.S. Congress. The highlight was the completed by the end of 1997. Two • The Amendment to the Strategic Minister Oleksandr Kuzmuk came on his Pentagon visit for talks with Defense of the tax reform laws have now Nuclear Arms Elimination Agreement, been passed by the Verkhovna first visit to the United States on April 28. Secretary Cohen, which included the cere- which gives Ukraine an additional $47 mil- Rada: the value-added tax law and Four days later – after talks with American monial arrival parade with a 19-gun salute the draft law amending the law on military and political leaders and visits to and the inspection of U.S. Armed Forces (Continued on page 3) taxation of business profits. The numerous American military bases – he third law, which is expected to be returned home a satisfied man, with a passed soon, is the personal income strengthened U.S.-Ukraine “strategic part- tax law. nership,” a better understanding of the U.S. Mr. Lazarenko explained that he military and how it works, two military is now in the process of forming a medical cooperation agreements and an panel of 15 economic experts who additional $47 million for Ukraine’s disar- will advise the government on the mament process, and a promised visit to steps needed to succeed with eco- Ukraine this summer by Defense Secretary nomic reforms. William Cohen. In his first press conference since “The visit was a very fruitful one, in my he became prime minister in July of estimation,” Gen.-Col. Kuzmuk said before last year, Mr. Lazarenko tried to flying back to Kyiv. “We achieved the dispel various rumors about corrup- goals we set for ourselves.” tion in Ukraine highlighted in the The military side of the visit schedule for Western press over the last few Gen.-Col. Kuzmuk and his delegation, weeks. He charged that “certain which included the commanders of forces” stand behind this campaign Ukraine’s armed forces and top Defense of discreditation. Ministry officials, took them to the major The prime minister’s press confer- U.S. Army, Navy, Air Force and Marine ence – to which Western journalists Corps bases in the southeastern United were invited by a Washington-based States, to the Pentagon for talks with Yaro Bihun public relations firm – was also Secretary Cohen, and to National Defense clearly an attempt by Mr. Lazarenko College for discussions with military strate- Ukrainian Defense Minister Oleksandr Kuzmuk (right) explains Ukraine’s posi- gists and historians. tion on expanding NATO as U.S. Defense Secretary William Cohen listens. (Continued on page 6) On the political side, Minister Kuzmuk Standing behind Minister Kuzmuk during the Pentagon briefing is Volodymyr and his commanders met with officials at Havrylov, the Ukrainian military attaché in Washington. 2 THE UKRAINIAN WEEKLY SUNDAY, MAY 11, 1997 No. 19 ANALYSIS Eight reasons why Ukraine and Russia Ukraine and Romania move on treaty mation center would help calm fears shared by about a third of the population WASHINGTON – On May 3, the for- who oppose expansion of the Western eign ministers of Ukraine and Romania alliance. “The aim of the center is to will not sign an inter-state treaty initialed the text of the Bilateral Treaty by Taras Kuzio to the December 1993 Russian show NATO is in the process of transfor- on Friendship and Cooperation. During mation, that this is not only a military Constitution, the executive conducts for- consultations held in Kyiv, Romanian During the summer 1994 presidential eign policy. Therefore, there is nothing bloc ... that NATO does not pose a threat elections, candidate Leonid Kuchma reg- and Ukrainian delegations led by to independent Ukraine,’’ he said. An legally stopping Mr. Yeltsin from travel- Romanian Foreign Affairs Minister ularly accused his main rival, incumbent ing to Kyiv to sign the treaty; in fact it is opinion poll carried by UNIAN news President Leonid Kravchuk, of being a Adrian Severin and his Ukrainian coun- agency on May 6 said 37 percent of the perfectly within the realm of his powers terpart, Hennadii Udovenko, exchanged “romantic,” in contrast to his own “prag- population back the idea of Ukraine join- to do so.
Recommended publications
  • Український Нумізматичний Щорічник the Ukrainian
    ISSN – 2616-6275 ISSN (online) 2617-9822 Інститут історії України Національна Institute of History of Ukraine of Академія Наук України National Academy of Sciences of Ukraine ДВНЗ «Переяслав-Хмельницький SHEI «Pereiaslav-Khmelnytskyi державний педагогічний університет Hryhorii Skovoroda State Pedagogical імені Г. Сковороди» University» Центральноукраїнський національний Central Ukrainian National Technical технічний університет University УКРАЇНСЬКИЙ THE UKRAINIAN НУМІЗМАТИЧНИЙ NUMISMATIC ЩОРІЧНИК ANNUAL Випуск 3 Issue Київ Переяслав-Хмельницький Кропивницький Kyiv Pereiaslav-Khmelnytskyi Kropyvnytskyi 2 0 1 9 УДК 737(062.552) Рекомендовано до друку Вченою радою ДВНЗ «Переяслав-Хмельницький державний педагогічний університет імені Григорія Сковороди». Протокол №2 від 18.09.2019 р. Український нумізматичний щорічник. Вип. 3. Переяслав-Хмельницький, 2019. 154 с. The Ukrainian Numismatic Annual. Issue 3, Pereiaslav-Khmelnytskyi, 2019, 154 p. Свідоцтво про державну реєстрацію друкованого ЗМІ КВ 22861-12761Р від 03.07.2017 р. Збірник включено в міжнародні бази даних: ResearchBib, DOAJ (Directory of Open Access Journals) Журнал розрахований на науковців, викладачів, аспірантів, докторантів, студентів, працівників музейних установ, експертів-мистецтвознавців, й усіх, хто цікавиться питаннями нумізматики та спеціальних галузей історичної науки. Редакційна колегія не обов’язково поділяє позицію, висловлену авторами у статтях, та не несе відповідальності за достовірність наведених даних і посилань. Головний редактор: Василь ОРЛИК, д.і.н., проф. Заступник головного редактора: Інна ДЕМУЗ, д.і.н., проф. Відповідальний секретар: Андрій БОЙКО-ГАГАРІН, к.і.н. Редколегія: Віктор КОЦУР, д.і.н., проф., академік НАПН України (Переяслав-Хмельницький, Україна) Світлана ОРЛИК, д.і.н., проф. (Кропивницький, Україна) Ренат РІЖНЯК, д.і.н., проф. (Кропивницький, Україна) Наталія ПАСІЧНИК, д.і.н., доц. (Кропивницький, Україна) Микола НІКОЛАЄВ, д.і.н. (Миколаїв, Україна) Лілія ЦИГАНЕНКО, д.і.н., проф.
    [Show full text]
  • Annual Report 2014
    Annual Report 2014 Annual Report 2014 National Bank of Ukraine National Bank of Ukraine 1 Annual Report 2014 Dear ladies and gentlemen, The year 2014, which was full of dramatic events in all areas of the country’s social and economic life, is now history. Old, unresolved economic problems, such as persistent budget and balance of payments deficits, weak fiscal policy, an ailing energy sector that has gone unreformed for years and a steep decline in the health of banks in the wake of significant deposit outflows - all were evident at the very start of the year. That, together with external aggression, posed great challenges for the National Bank in all of the priority lines of its activity - monetary policy, banking regulation and supervision, providing support for banks, cash circulation and financial infrastructure. This created the need for radical and multidimensional action. Monetary policy required fundamental changes on a top priority basis. In this light, the National Bank made a painful but an absolutely necessary decision to adopt a flexible exchange rate regime as early as the start of the year. A market-based exchange rate prevents economic shocks and is beneficial for the balance of payments current account. In spite of that, in the reporting year, the country was hit by two waves of devaluation resulting from the unwillingness to take the unpopular step to stop maintaining a stable hryvnia exchange rate by artificial means in previous more favorable years, delayed reforms in other economy sectors, as well as an ongoing military conflict. The National Bank had to impose certain restrictions, raise the refinancing rate, and use other monetary policy tools in order to ease high inflation and devaluation pressure.
    [Show full text]
  • Annual Report 2019
    РІЧНИЙANNUAL REPORTЗВІТ 2019 2019 1 CONTENT Bank in Facts 4 1. Business Card 5 1.1. Composition of the Supervisory Board 5 1.2. Composition of the Management Board 6 1.3. Bank Executives That Are Not Members of the Management Board 8 1.4. Strategy for 2020 9 1.5. Green Banking Implementation in 2019 11 1.6. Licences and Permits 14 1.7. Affi liated Persons 22 1.8. Organisational Structure (as of 1 January 2020) 23 1.9. Personnel 24 1.10. History 25 1.11. Ratings 34 1.12. Financial Indicators Overview at 2019 Year-End 36 1.13. Membership in International Payment Systems 39 1.14. Membership in Interbank Associations, Exchanges, Alliances 40 1.15. Stand-Alone Structural Units (as of 1 January 2020) 41 1.16. International Activity 58 2. Corporate Governance 63 2.1. Major Shareholders (as of 1 January 2020) 68 2.2. Share Capital Dynamics 68 2.3. Dividend Policy 69 3. Risk Management 70 4. Internal Control System 74 5. Information Technology Development 78 6. Business Development 80 6.1. Corporate Banking 80 6.1.1. Asset Transactions 81 6.1.2. Liability Transactions 84 6.1.3. Individual Banking 85 6.1.4. Green Projects Implementation 85 6.2. SMEs 86 6.2.1. SME Asset Transactions. Top-Priority SME Support Programmes. 87 6.2.2. Resource Transactions. Clearing and Settlement 90 6.2.3. Green Projects Implementation 92 6.3. Retail Banking 93 6.3.1. Lending Transactions 93 6.3.2. Clearing and Settlement Services 96 6.3.3.
    [Show full text]
  • Ownership Structure and Risk Profile of Banks in Emerging Economies
    Risk Governance & Control: Financial Markets & Institutions / Volume 9, Issue 3, 2019 OWNERSHIP STRUCTURE AND RISK PROFILE OF BANKS IN EMERGING ECONOMIES Dmitriy Riabichenko *, Martin Oehmichen**, Yaroslay Mozghovyi ***, Andreas Horsch **** * Deloitte, Ukraine ** Freiberg University of Mining and Technology, Germany *** Virtus Global Center for Corporate Governance, Ukraine **** Corresponding author, Freiberg University of Mining and Technology, Germany Contact details: Freiberg University of Mining and Technology, Akademiestraße 6, 09599 Freiberg, Germany Abstract How to cite this paper: This article analyzes the relationship between ownership structure Riabichenko, D., Oehmichen, M., Mozghovyi, Y., & Horsch, A. (2019). and risk profile based on the data from the emerging banking Ownership structure and risk profile of market. Using Kohonen self-organizing maps, we divide banks into banks in emerging economies. Risk clusters according to the type of risk profile. This mapping Governance and Control: Financial technique is based on panel data dimensionality reduction, as risk Markets & Institutions, 9(3), 46-65. http://doi.org/10.22495/rgcv9i3p4 profile is changeable over time. We adopted the Basel Committee on Banking Supervision recommendations regarding the types of Copyright © 2019 The Authors concentration of funding serving also as a basis for determining the This work is licensed under a Creative risk exposure of banks and used them as an input for Kohonen Commons Attribution 4.0 International maps. We conclude that business models and, consequently, risk License (CC BY 4.0). exposures of banks significantly depend on sources of capital https://creativecommons.org/licenses/ (domestic private, foreign, state). Our empirical results show that by/4.0/ ownership type is a major, but not the only factor influencing bank ISSN Online: 2077-4303 risk profiles.
    [Show full text]
  • Introduction
    Introduction Janusz Szyrmer HARVARD/CASE UKRAINE PROJECT This monograph is part of a series of books covering various aspects of the decade of Eastern European transition, with a focus on Ukraine. The book’s chapters, as presented by their authors, are in fact the result of a collective effort – research, brainstorming sessions, and open seminars – on the part of Ukrainian and foreign economists associated with the Harvard/CASE Ukraine Project (HCUP). Several of the ideas in this volume have been presented before in the form of various analyses and recommendations to Ukrainian policymakers, and thus have already contributed, directly or indirectly, to Ukrainian policies and reforms. 1. Market of ideas Due to financial constraints, Ukraine’s capacity for actively supporting both basic and applied research and publications remains low. Professional books in economics and economic policy, including those on post-Soviet transition, remain in short supply. The importance of this research deserves attention and support from Ukrainian authorities and international donors.1 Reforms 1 In contrast to some other CEE countries, the number of books providing solid research on the Ukrainian transition is modest. These are important publications. However, international donors, willing to finance costly reforms, are not providing sufficient support for the acquisition and diffusion of the knowledge required for implementing the reforms. 2 Janusz Szyrmer undertaken in Ukraine are complex and expensive and, to be successful, require much conceptual and analytical effort.2 Comprehensive research publications, in addition to – but not instead of – detailed policy analysis papers and ad hoc policy notes, are needed to formulate and implement well designed reforms.
    [Show full text]
  • A Hypothesis on Banking and Democracy: Explaining Change in Ukraine’S Political Regime
    A HYPOTHESIS ON BANKING AND DEMOCRACY: EXPLAINING CHANGE IN UKRAINE’S POLITICAL REGIME by Erik Fertsman Submitted in partial fulfilment of the requirements for the degree of Master of Arts at Dalhousie University Halifax, Nova Scotia December 2020 © Copyright by Erik Fertsman, 2020 TABLE OF CONTENTS LIST OF TABLES ………………………………………………………………………………. iv LIST OF FIGURES …………………………………………………………………………….... v ABSTRACT………………………………………………………………………………….... vi LIST OF ABBREVIATIONS USD …………………………………………………………..... vii ACKNOWLEDGEMENTS……………………………………………………………………. viii CHAPTER 1: INTRODUCTION ……………………………………………………………….... 1 1.1 OVERVIEW …………………………………………………………………………….... 1 1.2 THEORETICAL FRAMEWORK……………………………………………………….. 7 1.2.1 Theories on Post-Soviet Political Regimes …………………………………………. 7 1.2.2 Banks as a Resource for Political Groups in Ukraine ……………………………... 11 1.3 METHODOLOGY …………………………………………………………………….... 13 1.3.1 Hypothesis generation …………………………………………………………….. 13 1.3.2 General-to-specific (“GETS”) Approach …………………………………………. 13 1.3.3 Data ……………………………………………………………………………….. 14 1.3.4 Terms………………………………………………………………………………. 15 1.4 LIMITATIONS………………………………………………………………………….. 16 1.5 OUTLINE ………………………………………………………………………………. 18 CHAPTER 2. THEORIES ON POST-SOVIET POLITICAL REGIMES ……………………... 20 2.1 MASS ATTITUDES, CULTURE, HISTORY, AND SOCIAL CLEAVAGES …………. 20 2.2 INSTITUTIONAL DESIGN……………………………………………………………. 22 2.3 TRANSNATIONAL DIFFUSION ……………………………………………………... 27 2.4 ELITES (BALANCE THEORY) ………………………………………………………. 29 2.5 SUMMARY …………………………………………………………………………….. 36
    [Show full text]
  • Правові Горизонти Legal Horizons
    МІНІСТЕРСТВО ОСВІТИ І НАУКИ УКРАЇНИ СУМСЬКИЙ ДЕРЖАВНИЙ УНІВЕРСИТЕТ НАВЧАЛЬНО-НАУКОВИЙ ІНСТИТУТ ПРАВА Правові горизонти Legal horizons ВИПУСК 23 (36) Суми – 2020 РЕДАКЦІЙНА КОЛЕГІЯ: EDITORIAL BOARD: Головний редактор: Editor in Chief: Гаруст Ю. В. – доктор юридичних наук, завідувач Harust Y. V. – Doctor of Law, Head of the Department of кафедри адміністративного, господарського права та Administrative, Economic Law and Financial and Economic фінансово-економічної безпеки Навчально-наукового Security Educational and Scientific Institute of Law SSU, Sumy інституту права Сумського державного університету; State University, Ukraine; Відповідальний секретар: Executive Editor: Павленко Б.О. – викладач-стажист, кафедри Pavlenko B. O. – teacher-traineeof the Department of адміністративного, господарського права та фінансово- Administrative, Economic Law and Financial and Economic економічної безпеки Навчально-наукового інституту Security Educational and Scientific Institute of Law Sumy права Сумського державного університету; State University, Ukraine; Айден Ульвіє – доктор філософії,професор, Маніса Aydin Ulviyye – Doctor of Philosophy., Professor, Manisa Целал Баярський університет, Туреччина; Celal Bayar University, Turkey; Андріяшко М. В. – доктор філософії, доцент, Andriyashka M. V. – Doctor of Philosophy, Associate Барановицький державний університет, Білорусь; Professor, Baranovichi State University, Belarus; Бекім Максуті – доктор філософії, Македонія; Bekim Maksuti – Doctor of Philosophy,Macedonia; Ельда Зотай – доктор філософії, Університет
    [Show full text]
  • Download Ajeeissue42020
    ACCESS TO JUSTICE IN EASTERN EUROPE Founded by East European Law Research Center AJEE is an English-language journal which covers issues related to access to justice and the right to a fair and impartial trial. AJEE focuses specifically on law in East European countries, such as Ukraine, Poland, Lithuania, and other countries of the region, sharing in the evolution of their legal traditions. While preserving the high academic standards of scholarly research, AJEE allows its contributing authors, especially young legal professionals and practitioners, to present their articles on the most current issues. Editor in Chief Dr.Sc. (Law) Iryna Izarova, Institute of Law, Taras Shevchenko National University of Kyiv, Ukraine Deputy Editor in Chief Prof. Elisabetta Silvestri, JD, LL.M. (Cornell) (Law), Pavia, Italy; Editorial Board Prof. Dr. Alan Uzelac, Head of the Procedural Law Department, Faculty of Law, University of Zagreb, Croatia; Prof. Dr. Cornelis Hendrik (Remco) Van Rhee, Professor of European Legal History and Comparative Civil Procedure, Department of Foundations and Methods of Law, Faculty of Law, Maastricht University, the Netherlands; Prof. Dr. Vytautas Nekrosius, Head of the Private Law Department, Faculty of Law, Vilnius University, Lithuania; Dr. Vigita Vebraite, PhD (Law), Assoc. Prof. of the Private Law Department, Faculty of Law, Vilnius University, Lithuania; Prof. Dr. Dr. h.c. (Law) Alexander Trunk, Director of the Institute of East European Law, Chairman of Center of East European Studies of Christian-Albrecht University of Kiel, Germany; Prof. habil. Dr. Radoslaw Flejszar, Head of the Civil Procedure Department, Jagiellonian University, Poland; Dr. habil. Tadeusz Zembrzuski, Prof. of the Civil Procedure Department, Warsaw University, Poland; Dr.
    [Show full text]
  • DEVELOPMENT of ELECTRONIC BANKING TECHNOLOGIES in UKRAINE Abstract
    ECONOMICS AND MANAGEMENT OF ENTERPRISES Larysa Kapinus UDC 336.7 PhD (Economics), Associate Professor, National University of Food Technologies, Kyiv, Ukraine 68 Volodymyrska Str., Kyiv, 01601,Ukraine [email protected] Natalia Skrygun PhD (Economics), Associate Professor, National University of Food Technologies, Kyiv, Ukraine 68 Volodymyrska Str., Kyiv, 01601,Ukraine [email protected] DEVELOPMENT OF ELECTRONIC BANKING TECHNOLOGIES IN UKRAINE Abstract. Understanding of the state of electronic banking in Ukraine requires forming of concept-category apparatus and infor- mation updating for the problems exposure and prospects of electronic bank services development. The aim of the article is improvement of category apparatus that is related to the concept of «electronic banking», and modern progress exposure of the Internet banking trends in Ukraine. The methods of theoretical researches used during our work are the following: scientific generalization and theoretical cognition, empiric method aimed at questioning of target audience. Results. The main virtual forms of bank services are described, namely: РС banking, Internet banking, telephone banking, mobile banking, video banking and SB terminals (АТC banking, РОS materials and similar facilities). The novelty is presented in the autho- rial interpretation of the «electronic banking» concept and key factors that influence the client’s decision-making about usage of electronic banking. Conclusion. The most reliable distance forms of е-banking used in Ukraine are Internet banking and mobile banking, and perspective direction of the banking system development is video banking. Keywords: e-banking; video banking; Internet-service; electronic services market. JEL Сlassіfіcatіon: G10, G21 Л. В. Капінус кандидат економічних наук, доцент кафедри маркетингу, Національний університет харчових технологій, Київ, Україна Н.
    [Show full text]
  • 9181S -2010-9-17.Pdf
    IMPORTANT NOTICE NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OR TO U.S. PERSONS OR OTHERWISE THAN TO PERSONS TO WHOM IT CAN LAWFULLY BE DISTRIBUTED IMPORTANT: You must read the following disclaimer before continuing. The following disclaimer applies to the attached Prospectus and you are advised to read this disclaimer carefully before reading, accessing or making any other use of the attached Prospectus. In accessing the attached Prospectus you agree to be bound by the following terms and conditions, including any modifications to them from time to time, each time you receive any information from us as a result of such access. The attached Prospectus is intended for the addressee only. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE SECURITIES DESCRIBED IN THE ATTACHED PROSPECTUS HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE ³SECURITIES ACT´), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION AND THE SECURITIES DESCRIBED IN THE ATTACHED PROSPECTUS MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT), EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS. THE ATTACHED PROSPECTUS MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER, AND IN PARTICULAR, MAY NOT BE FORWARDED TO ANY U.S.
    [Show full text]
  • Public Joint Stock Company “Bank “Clearing House”
    Annual Financial Statements of Public Joint Stock сompany “Bank “CLEARING HOUSE” for the year ended 31 December 2020 PUBLIC JOINT STOCK COMPANY “BANK “CLEARING HOUSE” Annual Financial Statements for the year ended 31 December 2020 Annual Financial Statements of Public Joint Stock сompany “Bank “CLEARING HOUSE” for the year ended 31 December 2020 CONTENTS ANNUAL FINANCIAL STATEMENTS Statement of financial position (Balance Sheet)....................................................................................... 1 Statement of profit and loss and other comprehensive income ............................................................. 2 Statement of changes in equity .................................................................................................................. 3 Statement of cash flows .............................................................................................................................. 4 NOTES TO ANNUAL FINANCIAL STATEMENTS Note 1. Background information ................................................................................................................ 6 Note 2. Operating environment of the Bank ............................................................................................. 7 Note 3. Basis of preparation of the financial statements and summary of accounting policies .......... 8 Note 4. New and revised standards ......................................................................................................... 21 Note 5. Cash and cash equivalents .........................................................................................................
    [Show full text]
  • Financial Innovations and the Demand for Money in Ukraine
    FINANCIAL INNOVATIONS AND THE DEMAND FOR MONEY IN UKRAINE by Valentyna Bilyk A thesis submitted in partial fulfillment of the requirements for the degree of Master of Arts in Economics National University “Kyiv-Mohyla Academy” Economics Education and Research Consortium Master’s Program in Economics 2006 Approved by ___________________________________________________ Mr. Serhiy Korablin (Head of the State Examination Committee) __________________________________________________ __________________________________________________ __________________________________________________ Program Authorized to Offer Degree Master’s Program in Economics, NaUKMA Date __________________________________________________________ National University “Kyiv-Mohyla Academy” Abstract FINANCIAL INNOVATIONS AND THE DEMAND FOR MONEY IN UKRAINE by Valentyna Bilyk Head of the State Examination Committee: Mr. Serhiy Korablin, Economist, National Bank of Ukraine The thesis is devoted to investigation of the relationship between financial innovations and the money demand in Ukraine, over January 1997 - December 2005. In the study, financial innovations are presented by the index of financial innovations which represents the experts’ view on the past and current situation in the development of the certain financial products and instruments widely used in retail and wholesale banking activity (e.g., automated teller machines, collateralized mortgages, credit cards, debit cards, corporate bonds, automated clearing houses, electronic banking, forward contracts, treasury bills, and wire transfers). Vector error-correction model is applied in order to study the relationship between financial innovations, real volume of industrial production, nominal interest rate, expected depreciation of Ukrainian hryvnia, the level of dollarization in the economy, expected inflation, and real money balances in accordance with the theoretical concepts, as well as to investigate the response of money demand to financial innovations shock by means of the impulse response function.
    [Show full text]