Legislation & regulation

New law aims to regulate e-commerce and protect consumer rights

Last week the Ukrainian parliament adopted a long-awaited law to regulate electronic transactions in the countries. The law will essentially guarantee equal legal status and guarantees for electronic and traditional transactions. The new law provides a legal definition to such terms as “electronic transaction,” “electronic message,” and “Internet store,” the latter being described as “a method of …

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Central bank widens road for cross-border payments and commerce

The legal firewall blocking access for Ukrainians to international banking and online payment systems is set to come tumbling down as the National Bank of Ukraine removed a number of barriers in cross-border payments and commerce. E-payment systems like PayPal can now fully operate in Ukraine. Previously, Ukrainians could purchase goods abroad using PayPal, but it …

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US social networks, blogs allowed back into Crimea

The United States on Friday announced that U.S. companies can still give users in Crimea access to a range of free online communications services, despite an earlier U.S. ban on providing any services to the region after it was annexed by Russia last year. The decision will allow U.S. Internet companies such as Apple and Google — who previously announced that they were cutting off service to Crimea — …

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Three successes in IT deregulation give hope for future

Despite all the challenges coming along the way, deregulation remains one of the fastest-moving reforms. A number of laws and Cabinet of Ministers decrees that make life easier for Ukrainian business have already been passed. Moreover, the government has recently adopted an action plan on deregulation for 2015-2016, which contains 130 of the most painful issues …

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US sanctions block Crimeans from World of Warcraft, Diablo III

Crimean gamers were locked out of playing popular online multiplayer games World of Warcraft and Diablo III last week, as the game publisher was forced to suspend the accounts in compliance with Western sanctions. Major US Internet and tech companies such as Apple, Google and PayPal have suspended services to Crimean users over the last year. The United States in December barred US-registered companies from investing in Crimea or providing …

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Ukrainian government starts to push for greater transparency in online public information

One of the reasons why corruption flourishes in Ukraine is the lack of public information available freely online. But the parliament is taking the first steps to transparency in this area. On March 5, Ukrainian Parliament gave preliminary approval (with 243 votes) to a law that would make more public information available online and free …

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Lawmakers from IT industry pledge to boost conditions for peers

Ukrainian IT sector received a bit of hope that good changes are coming in 2015 after the parliament elections this October. Five former tech industry players received parliament member mandates and became IT sector lobbyists at the legislative level. Luckily for the industry, the lobbyists have different background and represent different parties. Olha Belkova (Petro …

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How the latest restrictions on foreign exchange transactions have impacted Ukraine’s ICT sector

On September 22, the National Bank of Ukraine (NBU) adopted Resolution No. 591, which introduced significant changes to the Foreign Exchange Transaction Rules for Ukrainian banks. In addition to restrictions applied to foreign exchange purchases by individuals, the resolution, directly or indirectly, has had an impact on many Ukrainian business sectors and on foreign companies …

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Legislative initiatives to boost IT sector: What does the future hold?

Ukraine’s information technology companies already have considerable benefits, including cheaper taxes, but the industry is looking for improvement from new faces in government who understand the IT world. One of the repeatedly stated goals of the new Ukrainian government — and of the new parliament, which will be elected on Oct. 26 — is to turn …

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Ukrainian government unveils 14 priorities for the reform of domestic IT industry

Earlier this week Dmitry Shimkiv, Deputy Head of the Presidential Administration for Administrative, Social and Economic Reform, and Economic Development Minister Pavel Sheremeta, presented the online platform Easybusiness in UA. The platform – available in Ukrainian language only – displays tasks that are being worked on by the presidential team responsible for reform. A separate section on …

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Association agreement shows strong EU commitment to high tech cooperation; local businesses have mixed reactions

Hopes, fears and expectations are high in Ukraine following the signature of the association agreement with the European Union (EU) in late June. The science, research and innovation sectors, as well as high-tech investment and e-commerce, are no exceptions, since they are directly or indirectly impacted by  important sections of the economic part of the …

Association agreement shows strong EU commitment to high tech cooperation; local businesses have mixed reactions Read More

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