Приклади вживання Extractive companies Англійська мовою та їх переклад на Українською
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New reporting standards for extractive companies in Ukraine.
In the past, extractive companies could provide information only if they felt like doing it.
New reporting standards for extractive companies in Ukraine.
Provide access to the public to objective information about payments made by extractive companies;
Moreover, the Independent administrator has received the response from 6 extractive companies, who have volunteered to provide the information for the Report.
DiXi Group and the Ministry of Finance of Ukraine have arranged a publicdiscussion on new forms of financial reporting for extractive companies.
The reports demonstrate the information provided by the extractive companies(partially- on a voluntary basis).
Experience shows that only legislative approval of the transparencyinitiative may guarantee the implementation thereof by extractive companies.
Changing approaches to the accounting under the international standards, including for extractive companies, is one of the requirements of the Directive 2013/34/EU.
On the other hand, Ukraine's subsoil has rather large deposits of thisresource and increase in its extraction would require only relevant favourable conditions for extractive companies.
Ukraine step by step continues to bring the conditions for extractive companies to best global practices.
Extractive companies will also be required to post electronic copies of their special extraction permits, along with the relevant abstracts from extraction operation agreements, on their websites.
It is also reported that 22 of top-100 are extractive companies.
In addition, we are convinced that not only should extractive companies be required to report payments to the government, but also the public authorities should report any funds they have received to ensure they were allocated to the appropriate budgets.
Meanwhile, Ukraine step by step continues to bring the conditions for extractive companies to best global practices.
Many of the world's largest extractive companies are registered in the UK and conduct their business through London, based on free trade agreements with numerous countries in the global south, including Colombia and Brazil.
All 28 EU member states arerequired to introduce payment disclosure legislation for extractive companies by July 2015.
Geodata means ad hoc data of significant interest only for investors, extractive companies and public authorities in charge of regulating business activities of the first two.
The author would like to express his gratitude to Mr. Miles Litvinoff, Coordinator of Publish What You Pay UK,for providing the reporting database of the UK and Europe-based extractive companies with activity in Ukraine.
Liaison with stakeholders of the reform(Ministry, involved state agencies extractive companies, NGOs and other MSG(multistakeholder group) members, providers of reporting software).
Thus, in case of projects for the development of new deposits, Ukraine may receive financial contributions to the state budget through the sale of special permits for subsoil use,and neposredstveno extractive companies can create new jobs.
DiXi Group's representative invited extractive companies to cooperate and provide information and spoke of UK's experience where reports of extractive companies on key indicators of their activities were available in a special open register.
While Ukraine got the highest scores to rate its“civil society engagement”,“public debates”,“beneficiary owners”,the participation of the government and state-owned extractive companies in the implementation of the Initiative still needs to be improved.
On the other hand,these are parliamentarians and government officials implementing sectoral reforms, and extractive companies willing to play according to the rules, pay taxes and increase gas production," said Olena Pavlenko, President of the DiXi Group Analytical Center, commenting on the adoption of the law.
Representatives of the Ministry of Energy and Coal Industry, the Ministry of Environment and Natural Resources, the Ministry of Finance,the World Bank in Ukraine, extractive companies, civil society and international partners participated in the event.
Another important aspect is to provide access to information on the extractive companies' operations, in particular on production volumes, taxes paid, which is relevant in the context of the royalty decentralization introduced at the beginning of 2018(5% of royalties split to the local budgets in communities affected by extraction).
The event was attended by deputies of the relevant committees of the Verkhovna Rada, representatives of the Ministry of Energy and Coal Industry, the Ministry of Ecology and Natural Resources, National Secretariat UAEITI,the Natural Resources Governance Institute(NRGI), extractive companies, specialised NGOs and leading mass media.
Ukraine Government portal says they expect ease of access to geological information,transition to electronic format of sharing information between extractive companies and executive authorities, establishing of a portal to provide access to information about Ukrainian resources as well as drafting of a new version of the Subsoil Code.
Since then, civil society has not only pushed the state to join the International Extractive Industries Transparency Initiative, but also to take quite specific anti-corruption actions, in particular: introduction of a beneficiary right, opening information on the issuance of licenses,conducting reconciliations on company payments and proceeds coming to budgets of different levels from extractive companies, etc.”.
In 2019, the underlying legal and regulatory changes, as well as further fulfillment of the updated Action Plan on Implementation of the Concept for Development of Ukraine's GasProduction Industry are expected to give extractive companies an opportunity to set up a new record for the production volume bringing Ukraine further to achievement of energy independence in terms of gas industry.