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Law No. 436-IV Economic Code of Ukraine.

Country/Territory
Ukraine
Document type
Legislation
Date
2003 (2024)
Source
FAO, FAOLEX
Subject
Environment gen., Food & nutrition, Forestry, Land & soil, Water, General
Keyword
Basic legislation Business/industry/corporations Consumer protection Processing/handling Local government Authorization/permit Subsidy/incentive Offences/penalties Legal proceedings/administrative proceedings Protection of environment Soil conservation/soil improvement Food quality control/food safety Hygiene/sanitary procedures Forest management/forest conservation Afforestation/reforestation Land tenure Freshwater resources management
Geographical area
Black Sea, CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia
Entry into force notes
This Code enters into force on 1 January 2004.
Abstract

The Economic Code of Ukraine shall establish legal fundamentals of the economic activity pursuant to the Constitution of Ukraine, based on the diversity of economic entities of different forms of ownership. The Economic Code of Ukraine shall aim to ensure growth of business activity of economic entities, development of entrepreneurship, and an increase of efficiency of social production on this basis, its social orientation pursuant to the requirements of the Constitution of Ukraine, strengthen social order in the economic system of Ukraine, facilitate its streamlining with other economic systems. Parties to economic relations shall be economic entities, consumers, government authorities and local governments, vested with economic powers, as well as individuals, public and other organizations being co-founders of economic entities, or exercising with respect to those organizational and economic powers based on ownership relationships. Under this Code, economic activity shall be understood as the activity of economic entities in the area of social production, aimed at manufacture and sale of products, execution of works or providing services of value nature that have price distinction. Basic principles of economic activity in Ukraine shall be as follows: (a) economic diversity and equal protection of all economic entities secured by the state; (b) freedom of entrepreneurial activity within the limits defined by law; (c) free flow of capital, products and services throughout the territory of Ukraine; (d) restriction of state regulation of economic processes in view of the necessity to ensure the social orientation of the economy, fair competition in entrepreneurial activity, public ecological protection, protection of consumer rights and safety of the society and the state; (e) protection of domestic commodity producers; and (f) prohibition of illegal intervention of government authorities and local governments and their officials into economic relations. In the economic sector, the state shall implement a long-term (strategic) and current (tactical) economic and social policy, aimed at exercising and the most favourable conciliating of interests of economic entities and consumers, as well as various social sectors and the public as a whole. The state shall implement ecological policy to ensure efficient use and full-value reproduction of natural resources, securing safe living conditions for the population. Basic means of regulating influence of the state on economic entities’ activities shall be as follows: (a) state order; (b) licensing, patenting and assignment of quotas; (c) technical regulation; (d) applying standards and limits; regulation of prices and tariffs; (e) providing investment, tax and other benefits; and (f) providing grants, compensations, targeted innovations, and subsidies. The state shall control and supervise economic activities in the following areas: (a) storage and use of funds and material assets by economic entities, in terms of the state and credibility of accounting and reporting; (b) financial and credit relations, prices and pricing, monopoly and competition; (c) land relations, in terms of the use and protection of land; (d) water relations and forestry, in terms of renewal of water resources and regeneration of forests; (e) production and labour; and (f) sanitary and hygienic safety, quality and safety of foodstuffs. This Law contains IX Sections divided into 418 Articles. Section I lays down basic grounds for economic activities. Section II classifies economic entities. Section III regards property of economic entities. Section IV establishes economic obligations. Section V establishes liability for economic offences. Section VI establishes specific aspects of legal regulation in certain economic sectors. Section VII regards foreign economic activities. Section VIII establishes special economic operational modes. Section IX lays down final provisions.

Full text
Ukrainian/English
Website
zakon.rada.gov.ua

References - Legislation

Implements

Constitution of Ukraine.

Legislation | Ukraine | 1996 (2019)

Keyword: Public health, Ownership, Public land, Consumer protection, Hazards, Cultural heritage, Indigenous peoples, Local government, Gender, Human rights, Agricultural development, Environmental standards, Access-to-information, Right to clean/healthy environment, Standards, Protection of environment, Fishery management and conservation, Nutrition, Food quality control/food safety, Forest management/forest conservation, Property rights

Source: FAO, FAOLEX

Repeals

Law No.887-XII of 1991 on enterprises.

Legislation | Ukraine | 1991

Keyword: Environmental standards, Waste disposal, Pollution control, Processing/handling, Hazardous substances, Environmental fees/charges, Standards, Protection of environment, Lease, Ownership, Tax/levy, Right of use, Soil conservation/soil improvement, Management/conservation, Mining

Source: FAO, FAOLEX

Law No.698-XII of 1991 on entrepreneurship.

Legislation | Ukraine | 1991

Keyword: Public land, Right of use, Land tenure, Hunting gear/hunting methods

Source: FAO, FAOLEX