Blue Ribbon Analytical and Advisory Center

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2009-12-03

BRAAC Hails the Rejection of the Law on Moratorium on Raising Medicines Prices

Earlier, in its analytical note, the Blue Ribbon Analytical and Advisory Center advised the President to veto the law.

On December 3, 2009, the Verkhovna Rada failed to override President's veto on a law on introducing a moratorium on raising prices of medicines for the time of economic recession. So, the law "On moratorium on raising prices and tariffs on medicines and medical products" is deemed rejected.

On October 20, 2009, the parliament adopted a law introducing moratorium on medicines prices for the period of the financial crisis until the minimum wage and pensions in Ukraine grow to the level of living and until wage arrears are redeemed in the country. The parliament decided that the prices of medicines produced in Ukraine are regulated by the state. As for the medicines produced abroad, they must be sold at prices effective as at July 1, 2008.

In its analytical note (available in Ukrainian only), the Blue Ribbon Analytical and Advisory Center advised the President to veto the law because its implementation would bring a number of negative consequences instead of social protection. In particular, it will cause (1) deterioration in living standards of the Ukrainian people because of complication of access to medical drugs and products and narrowing opportunities to get medical help; (2) reduction in number of stores within drugstore chains, closures of pharmacological companies resulting in job cuts; and (3) stirring up the shadow market of medical drugs and products.

President Victor Yushchenko imposed veto on the law in November.

See Also

2011-03-10
Trade expansion could benefit human development in Ukraine, says EU-UNDP report

Kyiv, 10 March 2011 – There is considerable evidence of a positive mutual relationship between the openness of international trade and economic growth that in turn is necessary to secure a continuous reduction in poverty and the promotion of human development. However, reduced trade barriers and improved access to markets are often insufficient to let countries make use of all the potential advantages of trade liberalisation, says the Report. An important prerequisite consists of the availability of relevant institutions and capacities in these countries that would maximize the advantages of the new business opportunities provided by better access to other countries’ markets, new technologies and resources. The Blue Ribbon Analytical and Advisory Centre (BRAAC) – a project funded by the European Union and co-funded and implemented by the United Nations Development Programme in Ukraine – launched today an extensive assessment of Ukraine’s international trade development needs. The Report titled ‘Aid for Trade Needs Assessment – Ukraine: Trade and Human Development’ has been produced within UNDP regional Aid for Trade project ‘Wider Europe: Aid for Trade for Central Asia, South Caucasus and Western Commonwealth of Independent States (CIS)’, financed within the framework of Finland’s Wider Europe Initiative.

2011-02-10
BRAAC Revealed the Report on How to Establish the Financial Ombudsman in Ukraine

2010-12-17
BRAAC Director participated in Polish-German-Ukrainian conference

Warsaw, Poland, 16-17 December 2010 – Mr. Marcin Swiecicki, BRAAC Director, participated at the Polish-German-Ukrainian conference “Ukraine 2010 - a change or continuation in relations with the Polish and Germans?” which has been held by the Polish-Ukrainian Cooperation Foundation (PAUCI). He contributed to the debate “Economic situation in Ukraine: challenges and reform implemented”.

2010-12-13
BRAAC Trains Civil Servants on Pension System Reform

Kyiv, 13-14 December 2010 – The Blue Ribbon Analytical and Advisory Centre held a workshop “International Experience of Introducing the Second Pillar of the Pension System: Potential Options for Ukraine”. The workshop was delivered by Mr. Edward Palmer and Mr. Amil Kamenica, prominent international experts on pension system reform.

2010-12-03
BRAAC Promotes Approximation of Ukrainian Legislation to European Union Directives on Credit Agreements and Distance Marketing of Consumer Financial Services

Kyiv, 3 December 2010 – BRAAC presented the report on Approximation of Ukrainian Legislation to European Union Directives on Credit Agreements and Distance Marketing of Consumer Financial Services. The report contains general characteristics of Ukrainian legislation in the field of credit agreements for consumers and distance marketing of consumer financial services; overview of EU Directives 2008/48/EC and 2002/65/EC regulatory framework; comparison of EU Directives 2008/48/EC and 2002/65/EC and Ukrainian legislation in the relevant field; and legal proposals to Ukrainian legislation on credit agreements for consumers and distance marketing of consumer financial services.

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