DOING BUSINESS IN UKRAINE
Edition 1
Edition 2
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Government structure
Ukraine became an independent state on August 24, 1991 following the dissolution of the USSR.
Under the constitution, the powers of the government are divided into three branches – the legislative,
the executive, and the judicial. Ukraine is a parliament- residentially republic.
The President
is the head of state. He has the authority to speak for the state and he is the guarantor of the sovereignty and territorial integrity of Ukraine. He must uphold the constitution and ensure civic rights and freedoms. He is elected directly by the voters for a term of five years and can serve no more then two full terms.
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The Verhovna Rada (parliament) is the sole legislative body.
It is a unicameral assembly of 450 deputies, who are elected for a term of four years.
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The Cabinet of Ministers is the highest executive body.
It answers to the President and is under the control of and accountable to the Verhovna Rada.
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The highest judicial body is the Constitutional Court,
which also acts as an arbiter on constitutional issues. There are 18 justices on the Constitutional Court.
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Viktor Yushchenko
President
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Viktor Yanukovych
Prime Minister
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Olexander Moroz
Speaker
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Parliamentary structure
Politically Ukraine was divided into two large territories – pro-Russian East and pro-European West. Recent Parliamentary elections clearly showed that Ukraine is still separated by approximately the same border. “Julia Tymoshenko Block” and pro-presidential “Our Ukraine” party represent the Western part. Eastern regions’ interests are supported by “Regions of Ukraine” Party headed by Viktor Yanokuvich.
Today’s situation in Ukraine shows the balanced political model, which is similar to the German. No one of two main political forces has the “control stock” of the votes, so they have to attract not large third political force. In Germany it is the Green Party in Ukraine it is the Socialistic Party. Due to that, the stable political situation has appeared in Ukraine.
It is important to distinguish that the
division of the population in their views affects only political life of
the country, but not the economic one. Existing business groups and
separate companies do their business in different regions without any
problems.
We think that there are no political risks for doing business in Ukraine.
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