This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

GRECO Approves Ukraine's Anti-Corruption Progress

KYIV, Ukraine, March 22, 2013 /PRNewswire/ --

The Council of Europe's anti-corruption monitoring body GRECO acknowledged the implementation of a number of anti-corruption recommendations by the eastern European country. The feedback was provided at the 59 th GRECO plenary meeting, where Ukraine presented its anti-corruption progress report. Ukraine reported on the adoption of the new Criminal Procedure Code and a law on ethical conduct. The meeting took place in Strasburg, France, on March 18-22, 2013.

During the session, the Group of States against Corruption ruled that Ukraine had fulfilled recommendations on the development and implementation of anti-corruption strategy and the action plan. Ukraine implemented recommendations to adopt public servants' code of conduct and provide training on professional ethics and prevention and combating corruption for public servants, reported Minister of Justice Oleksandr Lavrynovych. The group also welcomed public participation in the evaluation of the state anti-corruption efforts.

At the GRECO meeting, the Ukrainian government presented anti-corruption measures scheduled for the future - adoption of draft laws regulating confiscation procedure, criminal procedure against legal entities, and better financial control. The drafts were produced following earlier recommendations by GRECO.

Ukraine is expected to present its next anti-corruption progress report to GRECO on December 31, 2013. Recent anti-corruption efforts of the Ukrainian authorities targeted legislative changes and increased efficiency of state apparatus. Namely, in February 2013, the Ukrainian customs service reported 33 percent corruption decrease over the last two years due to implementation of the internal risks monitoring system.

Additionally, in 2014, Ukraine plans to make any public services in Ukraine available online, informed the State Agency for Science, Innovation and Information. Online public services will reduce time spent by clients to obtain a service and help prevent corruption.

Another international anti-corruption initiative - NGO Global Integrity - rated Ukrainian anti-corruption law 100 on the 0-100 scorecard, as reported in November 2012. The international organization highlighted the improvements in Ukrainian legislation in its annual report summarizing 2011 anti-corruption efforts.

Ukraine joined GRECO in 2006, after ratifying the Criminal Law Convention on Corruption. Founded in 1999, the multinational anti-corruption group currently features 47 European states, as well as six observers, including the U.S., Japan, and Canada. In 2007, GRECO produced the first report on Ukraine featuring 25 recommendations.

SOURCE Worldwide News Ukraine

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs