Federation of Employers of Ukraine appealed to the president requesting vetirovat a bill to eliminate the adverse impact of financial crisis

Federation of Employers of Ukraine (Fru), the President of Ukraine Viktor Yushchenko with a request to veto the law of Ukraine On amending some legislative acts of Ukraine in order to overcome the negative effects of the financial crisis, adopted by Parliament on 23 June 2009, in part to limitations issuance of foreign exchange earnings of domestic enterprises in 90 days. According to the press service of the federation, with reference to the deputy chairman of the Council of Federation of employers of Ukraine Vladimir Tsibulsky.

In particular, he recalled that the last two years, acted on the rule of the Act establishing the term of foreign exchange earnings as revenue from sales of business entities within 180 days. Before that Ukrainian employers, said, with the help of Ukrainian President Viktor Yushchenko has long struggled to ensure that changes were made from 90 to 180 days, because demand period of 90 days is totally unfounded.

As Vice Chairman of the Council stressed Fru, international practice on this issue said that in most countries, no dates are not set by law, and this is the right of economic activity, as to the relationship with contractors. According to him, many corporations engage in a variety of contracts, payment terms with its suppliers, and especially true in the relationship with suppliers of components for production, particularly in the automotive industry.

Of course, every company is interested as quickly as possible to receive payment for products shipped. But take a decision on shortening the time frame for issuance of foreign exchange earnings in a global crisis, above all, the crisis of non-payment or payments problem, in my view, inappropriate and it is pointless , - stressed Vladimir Tsibulsky.

I can cite an example of the Italian company Iveco, which all of its suppliers has established many years ago for a period of 120 days. In this case, if someone from the Ukrainian company supplies it products, it is easy to lose market opportunities. For example, his company (JSC SKF Ukraine ) cansay that we are working with companies such as GAS , lorry , Minsk Automobile Plant, Minsk Tractor Works , they are set for products, contracts, we typically include a tight deadlines calculation is 60 days. And if the normal business environment, the calculations take place in these 60 days. But today, in a crisis there are no guarantees, - he said.

Return to the 90-day period during the crisis will lead to huge fines for many enterprises in Ukraine, they will be forced to abandon the contracts with foreign partners, unable to guarantee the specified time of payment. This will lead to further fall in output and increase unemployment. Therefore, Federation of Employers of Ukraine appealed to the President of Ukraine with a request to veto the law in establishing limits the issuance of foreign exchange earnings within 90 days , - summarized B. Tsibulsky.

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