scholarly journals Legal support of Ukraine in the context of attracting capital by banks in international m

2021 ◽  
Vol 1 (2) ◽  
Author(s):  
Olena Yu. Volkovych ◽  
Keyword(s):  
European Union ◽  
Economic Crisis ◽  
Capital Market ◽  
Banking Sector ◽  
Public Information ◽  
Commercial Banking ◽  
The State ◽  
The European Union ◽  
Association Agreement ◽  
The Capital Market

The article provides a theoretical and legal analysis of the legal support of Ukraine in the context of raising capital by banks in international markets. The author determined that the economic crisis in the country is protracted, the capital market in Ukraine remains largely underdeveloped. The state has taken many steps to overcome the economic crisis, identified priority measures, strategic steps to build a sustainable economy, in particular, many efforts have been made to find free funds to attract investment, but this, as practice shows, was not enough. An important step in building a free and competitive state was the adoption of the Association Agreement between Ukraine and the European Community. This document is the largest international legal document in the history of Ukraine and the largest international agreement with a third country ever concluded by the European Union. In accordance with the Program of Integration of Ukraine into the European Union (hereinafter - the Program), approved by the Decree of the President of Ukraine � 1072/2000 of 14.09.2000. Synchronization of internal market transformations of changes in the processes of EU enlargement. First of all, it concerns: reform of executive and judicial bodies and cooperation of the Ministry of Justice of Ukraine with courts; administrative and territorial reform; formation of the foundations of regional development policy (including legislation on the distribution of competencies, budgets, taxes); completion of privatization (primarily enterprises of strategic importance for the economy and security of the state and banks); reforming the banking sector as a whole. Thus, in particular, a developed capital market is usually seen as a competitor in the commercial banking sector, as they compete for retention and investment opportunities. However, in today�s financial system, there are complementary relationships between the capital market and banks, as they choose different segments of the financial markets and focus on different types of customers. In the process of writing the article came to the following conclusions. The right direction in the reform of the economic sector is to determine the measures of state investment support should be preceded by a detailed analysis of the effect of the benefits and preferences previously granted to economic entities. Establish the legislative level the provision that the minimum amount of public investment should be equal to the amount of all new debt, i.e., the amount of borrowings during the year may not exceed the amount of budget expenditures to finance investments. Introduce the practice of developing and implementing investment incentive packages. Introduce a practice in which the decision on new borrowings is preceded by public information on which projects have already been used to finance the funds and for which purposes (projects) new borrowings are envisaged. Establish strict control over debt activities.

DIRECTIONS OF TRANSFORMATION OF STATE POLICY IN THE CONTEXT OF THE NEED FOR SECTORAL INTEGRATION OF UKRAINE IN THE BRANCHES AND SPHERES OF THE EUROPEAN UNION

2021 ◽  
Author(s):  
Maistro S. ◽  
Kropyvnytskyi V. ◽  
Krykhtina Yu. ◽  
Treskov A.
Keyword(s):  
European Union ◽  
European Integration ◽  
State Policy ◽  
The State ◽  
The European Union ◽  
Association Agreement

The article describes the peculiarities of the formation and implementation of state policy for the development of various branches and spheres in the context of European integration of Ukraine. The degree of effectiveness of the Association Agreement between Ukraine and the European Union in various branches and spheres has been determined. The problematic aspects and contradictions of the state policy of development of various branches and spheres in the context of the implementation of the Association Agreement are highlighted. The ways of transformation of the state policy of development of various branches and spheres in the conditions of European integration of Ukraine are determined.

scholarly journals Planned Solvency III Regulation: Should It Be Adopted Outside the European Union?

2019 ◽  
Vol 13 (1) ◽  
Author(s):  
Peter Zweifel
Keyword(s):  
European Union ◽  
Capital Market ◽  
Solvency Ii ◽  
Business Strategies ◽  
Basel Iii ◽  
The European Union ◽  
Leverage Ratio ◽  
Solvency Regulation ◽  
Regulatory Failure ◽  
The Capital Market

Abstract Several countries outside the European Union consider adopting its solvency regulation for their insurance industries. However, Solvency I and (to a lesser extent) Solvency II were found to run the risk of inducing more rather than less risk-taking by insurers (Zweifel, Peter. 2014. “Solvency Regulation of Insurers: A Regulatory Failure?” Journal of Insurance Issues 37 (2): 135–157.). Companies are led to neglect parameters that link them to developments in the capital market when determining their endogenous perceived efficiency frontier (EPEF), causing it to become steeper. Given homothetic risk preferences, senior management is predicted to opt for increased rather than reduced volatility. By way of contrast, if modeled after Basel III for banks, planned Solvency III will ask insurers to take developments in the capital market into account in their formulation of business strategies designed to ensure solvency (Principle 5 of Basel III). In addition, the stipulated decrease in their leverage ratio is shown to reduce the slope of the EPEF for insurers with little solvency capital. Contrary to its predecessors, Solvency III is therefore predicted to make insurers take on less risk, which argues for its for adoption beyond the European Union if properly implemented.

scholarly journals PRACTICAL ASPECTS OF CUSTOMS AFFAIRS: EXCHANGE OF INFORMATION ON COUNTRY OF ORIGIN OF GOODS

2019 ◽  
pp. 119-123
Author(s):  
V.Р. Zhdanova
Keyword(s):  
European Union ◽  
International Trade ◽  
Free Trade ◽  
Country Of Origin ◽  
Free Trade Agreements ◽  
Trade Agreements ◽  
The State ◽  
The European Union ◽  
Association Agreement ◽  
Exchange Of Information

Today, for the State Fiscal Service of Ukraine, one of the priority areas of international customs cooperation is cooperation with the customs authorities of other countries on the fulfillment of the terms of current free trade agreements. In this context, the exchange of information on the country of origin of goods moving across the customs border of Ukraine is of particular importance, which is one of the important factors for intensifying trade between Ukraine and the European Union. The Association Agreement between Ukraine and the European Union defines a number of obligations that Ukraine must fulfill in order to harmonize national legislation with the requirements of the relevant legislation of the European Union. Please note that there are now over 400 аgreements about free trade and preferential trade agreements that reduce customs tariffs on certain goods, provided they meet the specified origin criteria. However, many participants in foreign economic activity ignore the fact that they may claim tariff preferences or are uninformed in determining whether the goods they buy or sell are entitled to preferential treatment. As a result, many international trade participants pay a fee for goods originating in countries that are parties to the Free Trade Agreements, losing a financial advantage over their competitors. However, many exporters also lose business opportunities, and micro, small and medium-sized enterprises are particularly affected. This article is aimed at exploring the main aspects of legal and organizational support for the exchange of information on issues of the country of origin of goods in the course of customs in Ukraine. The author also intends to explore aspects of international cooperation of the State Fiscal Service of Ukraine with other customs authorities in determining the country of origin of goods moving across the customs border of Ukraine. Determine the possibility of further application of the preferential conditions provided for in the Free Trade Agreements concluded with the participation of Ukraine in the prevention, detection, and/or termination of customs-related violations of the origin of goods. Keywords. information, exchange of information, product, country of origin of the product, international trade.

Crisis económica y Administración Pública

2014 ◽  
pp. 1091-1129
Author(s):  
Miriam CUETO PÉREZ
Keyword(s):  
European Union ◽  
Public Sector ◽  
Economic Crisis ◽  
The State ◽  
Legal Order ◽  
The European Union ◽  
The Public ◽  
The Impact

LABURPENA: Ekonomiaren krisiak ordenamendu juridikoan duen eragina jorratzen da lan honetan, urte hauetan zehar sortu eta ordenamendu juridikoari gehitu zaizkion ezaugarriak aztertuz. Administrazio publiko guztietan aurrekontu-egonkortasuna ezartzeko agindu du Europar Batasunak. Horrek Konstituzioa erreformarazi du eta ondorio eta erreforma ugari ekarri ditu sektore publikoan, batik bat antolamendu-ahalmenari eraginez. Erreforma horiek Estatuko lurralde bakoitzari zenbateraino eragiten dion ere baloratzen da. RESUMEN: Este trabajo tiene como objeto abordar la incidencia de la crisis económica en el ordenamiento jurídico analizando los rasgos que han ido surgiendo e incorporándose al ordenamiento jurídico a lo largo de estos años. La reforma de la Constitución como consecuencia de la exigencia de la Unión Europea de incorporar el principio de estabilidad presupuestaria vinculando a todas las Administraciones públicas ha traído importantes consecuencias y numerosas reformas en el sector público, afectando en especial a la potestad de organización. El alcance de esas reformas en los distintos niveles territoriales del Estado es igualmente objeto de valoración. ABSTRACT: This works aims at dealing with the impact of economic crisis in the legal order by analyzing the features that for the last years have arisen and been incorporated onto the legal order. The reform of the Constitution as a consequence of the European Union request of incorporating the principle of budgetary stability binding all public administrations has carried out important consequences and many reforms in the public sector, having a particular effect on the power of organization. The scope of those reforms in the several territorial levels of the State is likewise to be valued.

scholarly journals Foreign Trade Relations of Ukraine with the EU Countries: State, Trends and Development Priorities

2021 ◽  
pp. 81-91
Author(s):  
I. Mytsenko ◽  
◽  
M. Sukhomlyn ◽  
O. Yurchenko ◽  
◽  
...  
Keyword(s):  
European Union ◽  
Foreign Trade ◽  
The State ◽  
Polymer Materials ◽  
The European Union ◽  
Barriers To Entry ◽  
Association Agreement ◽  
Eu Countries ◽  
Trade Relations ◽  
The Eu

In modern conditions, the involvement degree of any country in the international economic relations is determined to a significant extent by the state of its foreign trade activities. For Ukraine, the European Union is a key trading partner. The signing of the Association Agreement with the EU provided Ukrainian producers with the opportunity to increase their presence in European markets, but at the same time it was accompanied by a number of problems and risks. The main ones are tariff quotas and high technical barriers to entry into the EU market. This study aims to analyze the state and development trends of foreign trade relations between Ukraine and the EU under the conditions of the Association Agreement and the resulting benefits and risks for domestic producers and, on this basis, substantiate the priorities of deepening these relations, taking into account national interests as a prerequisite for increasing the competitive economy of Ukraine. It was found that Ukraine has the potential to enhance export opportunities in general and with the European Union in particular. Amendments to the Association Agreement, the signing of the ACAA Agreement is a necessary institutional framework, a driver that will allow Ukraine to intensify, deepen and diversify its trade activities with the EU countries. It was revealed that raw materials prevail in the structure of Ukraine's merchandise exports to the EU, however, compared to 2013, its share has significantly decreased - by 14.3%. The structure of Ukraine's merchandise imports from the EU is more diversified, it is based on engineering and pharmaceutical products, as well as mineral products, polymer materials and plastics. The share of these products in the total volume of Ukraine's merchandise imports during 2013-2020 remains high and ranges from 54-56 %. Such trends testify to the import dependence of the Ukrainian economy and require an urgent solution. Based on the results of the analysis, it was determined that machinery-producing industries are promising from the point of view of further increasing the export opportunities of Ukraine to the EU. To support and develop them, it is proposed to carry out systematic and systematic measures, taking into account the obligations that Ukraine assumed by signing the Association Agreement with the EU. Special economic zones, science parks, technology parks and clusters are considered as tools to support the export potential of domestic engineering and the economic potential of the national economy. The effectiveness of these structures has been confirmed by numerous studies and successful international experience.

scholarly journals Conceptual bases of the strategy of formation and implementation of state policy in the sphere of European integration of Ukraine

2020 ◽  
Vol 44 (1) ◽  
pp. 66-72
Author(s):  
Valeriі Rіeznikov
Keyword(s):  
European Union ◽  
Foreign Policy ◽  
European Integration ◽  
State Policy ◽  
Policy Formulation ◽  
The State ◽  
The European Union ◽  
Association Agreement ◽  
The Eu

The newest policy of Ukraine should be to develop such state concepts, strategies and programs that would contribute to the European integration of the country, taking into account the current challenges of today. The purpose of the article is to define the conceptual foundations of the strategy of formation and implementation of state policy in the sphere of European integration of Ukraine in modern conditions. The conceptual framework of the national strategy for the European integration of Ukraine is a general concept of the country’s long-term actions, a certain model of the mission realization and achievement of long-term goals, which defines its development prospects, main directions and priorities of activity in the European integration sphere. Such a generalized European integration concept of Ukraine is reflected in the relevant state documents, laws and by-laws, and within the framework of the state strategy, strategies for development of various spheres, sectors and sectors of economy and public life are developed and implemented in accordance with the existing requirements, rules and regulations of the euro framework documents.A significant event in the European integration of Ukraine into the EU was the introduction of amendments to the Constitution of Ukraine (concerning the strategic course of the state for the acquisition of full membership of Ukraine in the European Union and in the Organization of the North Atlantic Treaty). In addition to the issues related to the implementation of the Association Agreement, further progress on the European integration of Ukraine should also take place in the following areas: associations with the Schengen area; accession to the EU customs union; accession to the EU Energy Union; the entry into force of the common aviation space; joining the digital market, etc.Integration with the EU is an important component of Ukraine’s foreign policy. However, conceptually, European integration should be seen first and foremost as a comprehensive domestic state policy aimed at introducing reforms and transformations that are necessary and important for Ukrainian society, and only then, as a component of foreign state policy, which depends largely on the political will of the EU on the pace and full integration with our country. Thus, the strategy of Ukraine’s integration into the European Union should ensure the country’s accession to the European political, legal, economic, informational and security space. Obtaining full EU membership in the medium term on this basis should become a major foreign policy priority of Ukraine’s policy formulation and implementation policy in the face of contemporary challenges of today.

scholarly journals Stato, potere e democrazia nel finanzcapitalismo

2018 ◽  
Author(s):  
Giorgio Cesarale
Keyword(s):  
European Union ◽  
Economic Crisis ◽  
The State ◽  
Western World ◽  
The European Union ◽  
Great Crash

The aim of the essay is to reconstruct in a detailed way Luciano Gallino’s analysis of the transformations of democracy generated by the emergence of what he called ‘finanzcapitalismo’ and the great crash of 2007-2008. Furthermore, the essay considers Gallino’s enquiry into the role played by the State in the transition from the industrial regime of accumulation to the financial one. Finally, the essay examines Gallino’s stance about the role played by the European Union during the recent economic crisis and the prospects of democracy within the Western world.

scholarly journals Corporate Social Responsibility in banking sector

2012 ◽  
Vol 60 (2) ◽  
pp. 157-164 ◽  
Author(s):  
Lucie Kvasničková Stanislavská ◽  
K. Margarisová ◽  
K. Šťastná
Keyword(s):  
European Union ◽  
Corporate Social Responsibility ◽  
Czech Republic ◽  
Social Responsibility ◽  
Financial Performance ◽  
Multinational Corporations ◽  
Economic Crisis ◽  
Banking Sector ◽  
The European Union ◽  
Corporate Social

After popularity increase of the concept of Corporate Social Responsibility over last century in the USA, with the 21st century the concept comes into the European Union as well, actually into Czech Republic. For the European Union, the concept of social responsibility becomes one of the tool for achieving the most competitive and dynamic knowledge-based economy (Lisbon Strategy, 2000). With the start of the financial and economic crisis, the European Commission sees in the Corporate Social Responsibility a way how to cope with the crisis. Also scientific studies (Ghoul, 2011; Gruz, 2009) indicate the positive influence of Corporate Social Responsibility on financial performance of the company. In the Czech Republic, the implementation of the concept is especially for multinational corporations. For example, Corporate Social Responsibility is very popular in financial sector, which the financial crisis did not damage so perceptible as in other countries of developed economies (Singer, 2009). This article defines on a theoretical level the concept of Corporate Social Responsibility, its development, its present form and the influence on financial performance of the company. Another part of the article focuses on three czech banking subjects (Česká spořitelna, Komerční banka a Československá obchodní banka), which regularly take the leading positions of the official corporate donors chart „TOP Filantrop“. The article explores the evolution of corporate donations and finds the connection between corporate donations and corporate profit and financial and economic crisis.

Sign in / Sign up

Export Citation Format

Share Document