DOCSLIB.ORG

Systemic Report Business Focus on Labor-Related Issues

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Systemic Report Business Focus on Labor-Related Issues SYSTEMIC REPORT BUSINESS FOCUS ON LABOR-RELATED ISSUES Table of Contents LIST OF ABBREVIATIONS AND SHORTENINGS 5 FOREWORD 6 1 CHANGES SHAPING THE UKRAINIAN LABOR MARKET 8 2 EFFICIENCY OF THE STATE CONTROL IN THE LABOR-RELATED DOMAIN 15 2.1 Inspection of labor relations: authorities, powers 15 2.1.1 Authorities and forms of state control 15 2.1.2 Powers of state supervision bodies in the field of illegal (informal) employment 19 2.2 Risk-based approach to supervision (inspections) 21 3 PARTICULAR ASPECTS OF ISSUING PERMITTING DOCUMENTS 24 3.1 Approval of mining operations development plans 25 3.2 Revocation of permits for hazardous works 27 4 USE OF FOREIGN LABOR IN UKRAINE 29 4.1 General overview of the legal regulation and the latest legislative changes 29 4.2 Possible ways to improve legislation related to foreign staff recruitment 32 www.boi.org.ua 3 5 PROVISION OF EDUCATIONAL SERVICES IN THE FIELD OF OCCUPATIONAL AND INDUSTRIAL SAFETY 34 5.1 General overview of the legal regulation and market state 34 5.2 Potential conflict of interests 35 5.3 Ambiguity of the examination process 36 6 LABOR LAW COMPLIANCE AND PREVENTION 39 6.1 Current state of labor law compliance in Ukraine 39 6.2 Redesigning the institutional framework from a compliance perspective 40 6.3 Need of business for effective compliance guidelines 42 www.boi.org.ua 4 LIST OF ABBREVIATIONS AND SHORTENINGS Abbreviations Definition BOC Business Ombudsman Council CMU Cabinet of Ministers of Ukraine ILO International Labor Organization Law No. 5067-VI Law of Ukraine “On Employment of Population” Law No. 2058-VIII Law of Ukraine “On Amendments to Certain Laws of Ukraine Concerning Elimination of Barriers to Attract Foreign Investments” Law No. 2694-XII Law of Ukraine “On Occupational Safety” Model Regulation No. 15 Model Regulation on the Procedure for Training and Knowledge Assessment on Occupational Safety Issues, approved with the Order of the State Committee of Ukraine on Supervision of Labor Protection No. 15 dated January 26, 2005 MTMC State Enterprise “Main Training Methodical Center” Procedure No. 295 Procedure for Exercising the State Control over Compliance with Labor Legislation, approved with the Resolution of the CMU No. 295 dated April 26, 2017 Procedure No. 1107 Procedure for Issuance of Permits for Carrying Out Hazardous Works and Exploitation (Application) of Hazardous Machines, Mechanisms, Equipment, approved with the Resolution of the CMU No. 1107 dated October 26, 2011 Regulation No. 96 Regulation on the State Service of Ukraine for Labor Issues, approved with the Resolution of the CMU No. 96 dated February 11, 2015 SES State Employment Service of Ukraine SFS State Fiscal Service of Ukraine SLS State Labor Service of Ukraine SMS State Migration Service of Ukraine SSS State Statistics Service of Ukraine www.boi.org.ua 5 FOREWORD The Ukrainian labor market has greatly • Some aspects of issuing permitting documents; changed in the last few years. These changes are associated not only with the configuration • The use of foreign labor; of employment and the level of migration • Educational services in the field of working-age people, but also with the need of occupational and industrial safety; to introduce modern approaches to the state supervision of the labor-related issues. • Labor law compliance and prevention. This systemic report of the Business Improvement of the state labor regulation Ombudsman Council (the “BOC”) is and supervision effectiveness requires devoted to the analysis of current strengthening the institutional capacity labor-relations issues and interaction of the State Labor Service of Ukraine between businesses and respective through the introduction of a web-platform state authorities. It is noteworthy that for the supervision (inspection) activity, risk-based among the most problematic factors supervision approach, and better interaction for doing business in Ukraine provided between the relevant state authorities. The BOC by the Global Competitiveness Report also recommends to improve a number Index, the indicators “Restrictive labor of specific procedures related to mining regulations” and “Poor work ethic operations and hazardous work. in national labor force” have approximately the same level as the “Insufficient capacity Development of the rules for interaction to innovate” and the “Inadequate supply and strengthening of cooperation between of infrastructure” indicators. the State Labor Service of Ukraine and other executive authorities would lead to more We have identified the following areas related efficient prevention and detection of illegal to labor issues which require, in the BOC’s (informal) employment. opinion, systemic improvements: Improvement of the procedures related • Efficiency of the state labor regulation to foreign specialists’ employment should and supervision; help to increase the investment attractiveness of Ukraine. In particular, the BOC recommends • Prevention and identification of illegal to simplify procedures for obtaining (informal) employment; www.boi.org.ua 6 an employment permit and its duplicate of the proposed changes is to prevent for foreigners, to establish a preferential regime conflicts of interest and increase transparency for foreigners who have graduated from Ukrainian of the educational process. educational institutions. An important avenue for the BOC is building The BOC paid special attention capacity on compliance with labor to redesigning the process of occupational legislation of the state authorities as well safety education, as a significant market as businesses by training their staff. This is for such educational services has already an issue to which the BOC paid special attention been formed in Ukraine. The main idea in this report. This report has been prepared by: The BOC wishes to express its gratitude for important the Deputy Business Ombudsman and valuable input in the form of comments Ms. Tetyana KOROTKA and information from the Ministry of Social Policy, the State Labor Service, the State Employment the BOC’s investigators Service, the State Regulatory Service, and the State Mr. Vladyslav ZHABSKYI Fiscal Service. Mr. Oleh MYKHALIUK Mr. Yurii GAIDAI While working on this report, the BOC has also Ms. Tetiana KHERUVIMOVA consulted the Federation of Ukrainian Employers, Mr. Vasyl SUKHOVYI the American Chamber of Commerce in Ukraine, the European Business Association, the Ukrainian Chamber of Trade and Commerce, the Union under the guidance of of Ukrainian Entrepreneurs, other business the Business Ombudsman associations, and the EU-ILO Project “Enhancing Mr. Algirdas ŠEMETA the labour administration capacity to improve working conditions and tackle undeclared work”. On a separate note, we would like to show appreciation to the significant personal contribution of Ms. Olha Krentovska, Ms. Kseniia Liapina, Mr. Roman Cherneha, Ms. Olha Makohon, Ms. Natalia Gosteva, Mr. Oleg Vachaev, Mr. Igor Gotsyk, Ms. Sofia Lytvyn, Mr. Yurii Kuzovoy, Ms. Hanna Chub, Ms. Mariana Kuts, Mr. Ihor Dehnera, Mr. Oleksandr Antoniuk, Mr. Oleksandr Hetman, Ms. Olha Kokosha, Ms. Zarina Demianenko, and Mr. Yevhenii Skulskyi. www.boi.org.ua 7 1 CHANGES SHAPING THE UKRAINIAN LABOR MARKET Ukraine is dynamically integrating into the world (the “SSS”)2. The urban population comprised economic environment. The most significant approximately 29.4 M people (69.3%), preconditions for this are the implementation 13.1 M people (30.7%) lived in the rural area. of the EU – Ukraine Association Agreement, The number of persons aged 0-15 years the Deep and Comprehensive Free Trade was 16.3% of the total population, at the age Areas (DCFTA) and the use of the advantages of 60 years and older – 22.9%, at the age of 16 existing free trade agreements, of 16- 59 years – 60.8%. In 2017, the population which cover 45 countries and open up of Ukraine decreased by 198.1 thousand people. access to 800 million potential consumers. The transformations that accompany Ukraine’s The composition of the Ukrainian population is international economic integration are also characterized by significant gender imbalance. reflected in macroeconomic and labor market Predominance of the female population indicators. The recent EBRD Transition report over the male population in Ukraine has 2018-191 indicates that the Ukrainian economy been observed starting from 36 years old moderately paces to recovery path. Economic and increases with age. output expanded by 2.5 per cent in 2017, with domestic demand as the main driver, The main indicators of the Ukrainian labor and the pace of growth has picked up so far market show a slight decrease of the number in 2018. of economically active population (at the age of 15-70) from 17.95 M Ukrainian labor market information. in 2016 to17.85 M p eople in 2017. As of January 01, 2018, the existing population The dynamics of key labor market indicators is of Ukraine was 42.4 M people according given below. to the State Statistics Service of Ukraine The main indicators of the Ukrainian labor market (Chart 1)3 Economically active population Age 15-70 Working age On average, In % to the given On average, In % to the given thousand people age group thousand people age group 2014 19,920.9 62.4 19,035.2 71.4 2015 18,097.9 62.4 17,396.0 71.5 2016 17,955.1 62.2 17,303.6 71.1 2017 17,854.4 62.0 17,193.2 71.5 The employment rate of the population of 2016- 2017, and on the contrary, among (aged 15-70) decreased the working-age population, it increased from 56.3% to 56.1% in the period from 64.2% to 64.5%.
Load more

Recommended publications
  • Local Networks and Socio-Political Transformations in Ukraine Honorata Mazepus , Antoaneta Dimi
    When Business and Politics Mix: Local Networks and Socio-Political Transformations in Ukraine Honorata Mazepusa*, Antoaneta Dimitrovaa, Matthew Frearb, Dimiter Toshkovc, and Nina Onopriychukd a Institute of Security and Global Affairs, Leiden University, Turfmarkt 99, 2511 DP, The Hague; b Institute for History, Leiden University, P.N. van Eyckhof 2, 2311 BV Leiden; c Institute of Public Administration, Leiden University, Turfmarkt 99, 2511 DP, The Hague; d Political Science and Public Administration, Vrije Universiteit Amsterdam. De Boelelaan 1105, 1081HV Amsterdam; The Netherlands *Corresponding author. Email: [email protected] This paper investigates whether and how patronage networks affect the progress of socio-political reforms at the local level in Ukraine. It contributes in three ways to the study of networks and transitions of socio-political orders: first, it provides rich empirical study using primary (interview) and secondary data; second, it focuses on the local rather than national level and analyses three understudied cases of networks (Kharkiv, Mykolaiv, and Ivano-Frankivsk); third, theoretically it relates the studies of patronage networks in post-communist setting to a broader framework of limited access orders. Our findings show that although multiplicity of networks might be a necessary condition for the opening of access to political and economic resources, it is not a sufficient one. Also, the presence of multiple networks is not necessary for high level of citizen satisfaction with public goods provision—a single dominant network might achieve a relatively high level of citizen satisfaction too. Keywords: local networks; Ukraine; patronage; limited access orders; satisfaction with public goods provision 1 1. Introduction Social networks are ubiquitous in social, economic, and political life (Collier 2016, 10).
    [Show full text]
  • ASSESSMENT of the SOCIO-ECONOMIC IMPACT of COVID-19 in UKRAINE Photo on Cover
    Response and Recovery Plan ASSESSMENT OF THE SOCIO-ECONOMIC IMPACT OF COVID-19 IN UKRAINE Photo on Cover. Medical workers inspect passengers after a train evacuating Ukrainians from Poland arrived at the Central Railway Station in Kyiv on 20 March 2020. Photo by Oleg Petrasiuk, from the Kiyv Post, 20 March 2020. The designations employed and the presentation of material in the report do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. Response and Recovery Plan 3 Table of Contents Acronyms and Abbreviations 6 High likelihood of nosocomial infection 50 Ukraine Reference Map 7 Other public health risks 51 Executive summary 8 Challenges in conflict-affected areas 51 Different response capacities at the regional I. INTRODUCTION 13 level 52 Psycho-social wellbeing and violence 52 II. CONTEXT 14 B. Response 54 A. The Voluntary National Review 2020 15 The role of the United Nations Country Team 54 B. The Government of Ukraine – Additional funds 56 United Nations Partnership Framework 16 Public health and social measures 56 III. ABOUT THE ASSESSMENT 17 Essential health services 57 Access to COVID-19 information and health A. Participating agencies 17 by vulnerable groups 60 B. Scope and objectives 18 Domestic production of PPE and ventilators 60 Domestic production of the COVID-19 vaccine 60 C. Approach and methodology 19 The COVAX Facility 61 Assessment structure 19 Establishing testing capacity 61 IV.
    [Show full text]
  • Ukraine Country Profile 2018
    INTRODUCTION 2 Banking sector overview 56 Energy efficiency of Ukraine 60 Exchange of information 62 “Feed-in tariff” 64 Information Technologies 66 Intellectual property in facts and figures 68 Introduction of preliminary control over the registration of tax invoices and automatic budgetary refund 72 Life insurance market overview 78 Mobile communications 80 Overview of the Human Resources market 86 Pharmaceutical market in Ukraine 88 Office Market in major cities of Ukraine 92 Real Estate investments 94 Real Estate market overview 96 Ukraine aerospace and technology industry 102 CHAMBER MEMBERSHIP DIRECTORY AND OTHER CONTACTS 106 2 Greetings and warm congratulations to the American Chamber of Commerce on the celebration of its 25th an- niversary in Ukraine. The relationship between the United States and Ukraine has never been more important. We stand together as partners in Ukraine’s efforts to strengthen democratic governance, root out corruption, and attract foreign investment. In the midst of profound political, economic, and social change, the American Chamber of Commerce in Ukraine has been a steadfast advo- cate for our shared values and has helped promote American exports and create jobs at home. Your hard work strengthens our countries’ economic partnership and directly contributes to the prosperity of both the United States and Ukraine. I recognize the dedication of all who have made the American Chamber of Commerce in Ukraine such a success. Thank you for your role in promoting our shared vision of a free, peace- DONALD J. TRUMP ful, and prosperous Ukraine. Best wishes on your 25th anni- President of the United States versary and in all your future endeavors.
    [Show full text]
  • Security of the XXI Century: National and Geopolitical Aspects: [Collective Monograph] / in Edition I
    Ministry of Education and Science of Ukraine Poltava State Agrarian Academy SECURITY OF THE XXI CENTURY: NATIONAL AND GEOPOLITICAL ASPECTS Collective monograph In edition I. Markina, Doctor of Sciences (Economics), Professor Nemoros s.r.o. Prague, 2019 Editorial Board: Roman Rossi, Hon. Dr., President of the Eastern European Center of the Fundamental Researchers (EECFR), Prague, Czech Republic; Valentyna Aranchii, Ph.D. in Economics, Professor, Rector of Poltava State Agrarian Academy, Poltava, Ukraine; Yuri Safonov, Doctor of Sciences (Economics), Professor, National Economic University named after Vadym Hetman, Kyiv, Ukraine; Viktoriia Riashchenko, Dr, oec., Professor, ISMA University, Department of Management, Riga, Latvia; Oksana Zhylinska, Doctor of Sciences (Economics), Professor, Taras Shevchenko National University of Kyiv, Ukraine; Dmytro Diachkov, Ph.D. in Economics, Associate Professor, Poltava State Agrarian Academy, Poltava, Ukraine; Diana Kucherenko, Ph.D. in Economics, Associate Professor, member of Academic Council of the Eastern European Center of the Fundamental Researchers, Science and Research Institute of Social and Economic Development; Chief Editor: Іryna Markina, Doctor of Sciences (Economics), Professor, Poltava State Agrarian Academy, Poltava, Ukraine; Reviewers: Csaba Lentner, Doctor of Sciences (Economics), Full Professor, Head of the Institute, National University of Public Service, Public Finance Research Institute, Budapest, Hungary; Anatoliy Balanda, Doctor of Sciences (Economics), Professor, Professor of the special department of the Educational and Scientific Institute of retraining and professional development of the personnel of the Security Service of Ukraine of the National Academy of Security Service of Ukraine, Kyiv, Ukraine; Aivar Stankevich, Dr, oec., Daugavpils University, Institute of Humanities and Social Sciences, Daugavpils, Latvia. Recommended for publication by Academic Council of Poltava State Agrarian Academy (Protocol No.
    [Show full text]
  • Memory of Stalinist Purges in Modern Ukraine
    The Gordian Knot of Past and Present: Memory of Stalinist Purges in Modern Ukraine HALYNA MOKRUSHYNA Thesis submitted to the University of Ottawa in partial Fulfillment of the requirements for the PdD in Sociology School of Sociological and Anthropological Studies Faculty of Social Sciences University of Ottawa © Halyna Mokrushyna, Ottawa, Canada, 2018 ii Table of Contents Table of Contents Abstract ...................................................................................................................................................................................................... iv Preface ......................................................................................................................................................................................................... 1 Chapter 1: Methodology ....................................................................................................................................................................... 5 Research question ............................................................................................................................................................................ 10 Conceptual framework ................................................................................................................................................................... 15 Chapter 2: Social memory framework .........................................................................................................................................
    [Show full text]
  • Challenges of Religious Situation in Ukraine
    Challenges of religious situation in Ukraine Development of the religious situation in Ukraine in the context of potential securitization and politicization of Orthodoxy, reduction of religious pluralism and growth of conservative attitudes March 2019 About PAX PAX means peace. For over 60 years PAX has worked together with people in (post) conflict areas and concerned citizens to build just and peaceful societies across the globe. In times of war and conflict, PAX works towards protection of civilians whatever their political or religious background. We are committed to bringing armed conflict to an end and to building peace with justice. PAX campaigns for the rights of people who are harmed by governments or companies looking to exploit natural resources in the areas where they live. We also work at the international level to prevent conflict and to curb the manufacture, trade and use of weapons that cause unacceptable humanitarian harm. Our guiding principles in this are solidarity and human dignity because we believe that everyone has the right to live free from fear. Аuthor Aknowledgments Denys Brylov, PhD PAX would like to thank all experts who provided input for the analysis. Cooperation Andriy Korniychuk, PhD (PAX Eastern Europe and Eurasia In case of questions and comments please feel free to Programme) addres PAX at [email protected]. Photo on the cover (Creative Commons license) 2 Content Securitization of the Orthodoxy (and religious sphere in general) ........................................................................ 5 Reduction of religious pluralism and the rise of conservative attitudes ................................................. 7 Conclusions ................................................................ 11 3 About the author Prof. Denis Brylov is associate professor at the Department of Theology and Religious Studies, National Pedagogical Dragomanov University (Kyiv, Ukraine), achieved PhD degree in Religious Studies at Taras Shevchenko University (Kyiv).
    [Show full text]
  • Observance of Civil and Political Rights of Persons Affected by Armed Conflict in Ukraine
    Observance of civil and political rights of persons affected by armed conflict in Ukraine Shadow report of the Coalition of NGOs on Ukraine’s implementation of the International Covenant on Civil and Political Rights January 2019 Introduction In 2013, the state of Ukraine submitted the Seventh Periodic Report on the implementation of the provisions of the International Covenant on Civil and Political Rights. Having considered this report, the Human Rights Committee issued its Concluding Observations containing a set of recommendations. They concerned improving anti-discrimination legislation, strengthening the Office of the Parliamentary Commissioner for Human Rights (Ombudsperson), combating torture, preventing domestic violence, etc. These recommendations – while remaining quite relevant today – do not feature a critical factor that emerged in 2014 and significantly impacted on the life of the entire Ukrainian society and the functioning of the Ukrainian state. This critical factor is the international armed conflict. Due to the armed aggression of the Russian Federation, parts of the territory of Ukraine – the Autonomous Republic of Crimea, Sevastopol, as well as a part of the territory of Donetsk and Luhansk oblasts – have been recognized as temporarily occupied territories (TOTs)1. Hostilities and military occupation have caused numerous casualties among the civilian population. According to the United Nations Human Rights Monitoring Mission in Ukraine, throughout 14 April 2014 – 15 May 2018, at least 3,023 civilians were killed, and between seven and nine thousand civilians were injured2. According to the International Committee of the Red Cross, in the context of the armed conflict more than 1,500 people went missing – half of them civilians3.
    [Show full text]
  • Public Administration Reform
    PUBLIC ADMINISTRATION REFORM REPORT ON IMPLEMENTATION OF UKRAINE’S 2016-2020 STRATEGY FOR PUBLIC ADMINISTRATION REFORM IN 2018 1 TABLE OF CONTENTS 2 Foreword 3 Abbreviations 4 Introduction 12 Overall progress in PAR Strategy implementation 14 Reform area 1. PAR Strategic framework 25 Reform area 2. Strategic planning, policy development and coordination 32 Reform area 3. Civil service and human resource management 46 Reform Area 4. Accountability – organization, transparency, oversight 50 Reform Area 5. Administrative services delivery and administrative procedure Annexes 64 Annex 1. Report on delivery of the PAR Strategy Implementation Plan in 2018 98 Annex 2. Achievement of PAR Strategy performance indicators 103 Annex 3. Data on RSP recruitment in 2018 104 Annex 4. In-service training of civil servants in 2018 Report Implementation of Ukraine’s 2016-2020 Strategy for Public Administration Reform in 2018 2 FOREWORD Effective governance is a crucial pre-requisite for the successful competitive state working in the interests of citizens and securing their welfare and safety. With strong intention and commitment to reset and revamp the obsolete post-soviet administration and strengthen capacity of public institutions, the Government is implementing a comprehensive public administration reform in accordance with the European principles of good governance. The chief focus of the reform is on robust and sound decision-making by the government, building professional civil service, implementation of e-governance and delivery of accessible services to citizens. The reform kick-started in 2016 with the adoption of the new Law on Civil Service and comprehensive Strategy for Public Administration Reform in line with the OECD/ SIGMA Principles of Public Administration.
    [Show full text]
  • The Hungarian Language in Education in Ukraine
    The Hungarian language in education in Ukraine European Research Centre on Multilingualism and Language Learning hosted by HUNGARIAN The Hungarian language in education in Ukraine c/o Fryske Akademy Doelestrjitte 8 P.O. Box 54 NL-8900 AB Ljouwert/Leeuwarden The Netherlands T 0031 (0) 58 - 234 3027 W www.mercator-research.eu E [email protected] | Regional dossiers series | tca r cum n n i- ual e : Available in this series: This document was published by the Mercator European Research Centre on Multilingualism Albanian; the Albanian language in education in Italy Aragonese; the Aragonese language in education in Spain and Language Learning with financial support from the Fryske Akademy and the Province Asturian; the Asturian language in education in Spain (2nd ed.) of Fryslân. Basque; the Basque language in education in France (2nd ed.) Basque; the Basque language in education in Spain (2nd ed.) Breton; the Breton language in education in France (2nd ed.) Catalan; the Catalan language in education in France Catalan; the Catalan language in education in Spain (2nd ed.) © Mercator European Research Centre on Multilingualism Cornish; the Cornish language in education in the UK (2nd ed.) Corsican; the Corsican language in education in France (2nd ed.) and Language Learning, 2019 Croatian; the Croatian language in education in Austria Danish; The Danish language in education in Germany ISSN: 1570 – 1239 Frisian; the Frisian language in education in the Netherlands (4th ed.) Friulian; the Friulian language in education in Italy Gàidhlig; The Gaelic Language in Education in Scotland (2nd ed.) The contents of this dossier may be reproduced in print, except for commercial purposes, Galician; the Galician language in education in Spain (2nd ed.) provided that the extract is proceeded by a complete reference to the Mercator European German; the German language in education in Alsace, France (2nd ed.) German; the German language in education in Belgium Research Centre on Multilingualism and Language Learning.
    [Show full text]
  • Hate Crimes and Incidents in Ukraine Kyiv 2018
    LGBT Human Rights Nash Mir Center Andrii Kravchuk Hate crimes and incidents in Ukraine Kyiv 2018 CONTENT 1. Introduction ................................................................................................................................................... 1 2. General information on hate crimes and incidents ....................................................................................... 2 3. The legal framework and practices to combat hate crimes in Ukraine ........................................................ 5 3.1. The international law .............................................................................................................................. 5 3.2. The Ukrainian law and practice .............................................................................................................. 5 4. Occurrence of hate crimes and incidents in Ukraine .................................................................................. 10 4.1. Hate crimes and incidents on grounds of sexual orientation and gender identity .............................. 11 4.2. Hate crimes and incidents on ground of nationality / ethnicity ........................................................... 18 Roma ........................................................................................................................................................ 20 Jews ......................................................................................................................................................... 22 Other
    [Show full text]
  • Annual Report 2019
    Annual report 2019 ON TO NEW HEIGHTS Financial results of Naftogaz Group in 2019, UAH bn Oil midstream Gas domestic Total Integrated gas and downstream Gas transit* transmission* Gas storage Ukrnafta Other MARKET AND REFORMS Revenues** 2018 289.6 137.8 13.0 72.3 27.2 1.8 36.1 1.4 2019 251.6 114.5 12.0 70.2 22.7 3.3 28.2 0.7 -13% -17% -8% -3% -17% 83% -22% -50% STRATEGY AND OPERATIONS STRATEGY Assets 2018 578.3 210.5 14.9 96.4 18.3 199.8 30.0 8.6 2019 484.5 224.9 16.6 111.4 14.2 76.7 32.9 7.7 -16% 7% 11% 16% -22% -62% 10% -11% CORPORATE GOVERNANCE CORPORATE Adjusted EBITDA 2018 90.9 43.3 2.2 36.6 -1.8 0.0 13.1 -2.5 2019 65.0 37.0 1.1 34.3 -9.8 2.0 2.3 -1.9 -28% -15% -50% -6 -444% 6 494% -82% 24% RESPONSIBILITY ENVIRONMENTAL AND SOCIAL ENVIRONMENTAL * discontinued operations ** elimination for operations within the group was not included Net cash generated by Net profit Dividend payments Tax payments Capital investments operating activities 2018 11.6 29.5 109.1 24.9 71.6 2019 63.3 20.8 100.6 27.7 110.0 446% -30% -8% 11% 54% FINANCIAL OVERVIEW AND STATEMENTS Annual Report 2019 2 Naftogaz Group Annual Report 2019 3 Naftogaz Group CONTENTS Address of supervisory board 7 CEO's address 9 MARKET AND REFORMS MARKET AND REFORMS Macroeconomic overview 13 Natural gas market 17 Global oil market 33 Unbundling of GTS Operator 41 Natural gas transit 45 Legislative changes 49 STRATEGY AND OPERATIONS Address of COO 55 Integrated Gas Business Delivery Unit 61 Oil Midstream and Downstream Business Delivery Unit 77 Natural gas transmission 83 STRATEGY AND
    [Show full text]
  • Annual Report 2018 UA EN
    National Bank of Ukraine Annual Report 2018 UA EN CentralBanking.com The NBU has received the Central @CentralBanking_ The @CentralBanking_ Banking’s Transparency Award Transparency Award 2019 #CentralBankingAwards #NBU #TrasparentNBU goes to ... @NBUkraine @NBUkraine_eng #CBawards Annual Report http://ow.ly/HD7a30np6sp 2018 NationalBankUkraine @NBUkraine_eng Today the #NBU is to receive our first ever international Central NBU Strategy Banking Award #CBAward #NBU #Strategy #Actionplan #IndependentNBU for Transparency. The award ceremony has already started in London. The Governor Yakiv Smolii is there & ready to express gratitude on behalf of central bank’s team. Roman Waschuk @WaschukCanUA .@NBUkraine awarded top global Currency liberalization honours for #transparency #NBU #oncurrency #liberalization by @CentralBanking_ magazine. #Canada has been lead donor in supporting this transformation | Transparency: National Bank of Ukraine - Central Banking The extent of the .@NBUkraine leap ahead in #transparency? “This has put it well beyond the The National Bank of Ukraine is a modern, open, standards of some central banks in neighbouring countries, and independent central bank enjoying public trust including some Eurosystem central banks.” and integrated into the European community of national Follow us Like Comment Share central banks Regulating Payment Systems NationalBankUkraine The NBU’s Key Performance Indicators in 2018 Oversight of Payment Systems @NBUkraine_eng National Bank of Ukraine releases The NBU as an Apolitical Institution
    [Show full text]