Chamber Organized First Meeting of Business with Yuriy Terentyev, New Head of Antimonopoly Committee


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On June 5, the Chamber hosted the first meeting of the business community and Mr. Yuriy Terentyev, recently appointed Head of the Antimonopoly Committee of Ukraine (AMCU). 

Opening the meeting, Mr. Andy Hunder, Chamber President highlighted that the appointment of the new leader of competition authority who becomes a driver of reforms was awaited by the business community. In particular, international business needs more transparency in functioning of the AMCU along with introduction of clear methodology for calculation of fines for violation of legislation in the sphere of protection of economic competition and amending the procedures for obtaining permits for concentration. He also highlighted the importance of further dialog between the AMCU and business. 

Mr. Yuriy Terentyev outlined his priorities in the new role, in particular: his primary aim now is to make the Antimonopoly Committee as efficient as possible. According to him, certain deregulation will be visible for legal businesses through increasing the thresholds for compulsory obtaining permit for concentration and optimization of the AMCU functioning as appellation body on public procurements. There is also a number of obligations under certain international documents (in particular, Association Agreement with the EU), such as introduction of clear methodology for calculation of fines, defining criteria for horizontal concentrations and transparency of Committee’s functioning. 

Further discussion was devoted to the most important issues business community faces in relations with the AMCU, such as merger control, definition of unfair commercial practices and possibilities of appointment of new composition of the Committee. 

To get involved in the Chamber Antimonopoly Working Group activities, please contact Olena Stepanova, Chamber Junior Policy Officer.

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