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Investors Gained an Opportunity to Counteract the Bureaucracy Successfully

09/ 01/ 2018
  Companies that open business in Ukraine gained an opportunity to counteract bureaucracy in State agencies thanks to investor protection organizations. Recently, the Business Ombudsman Council responded to violations of the terms for prolongation of special permits of Avellana Gold Ltd. for the exploration of the Transcarpathian polymetal deposit by the State Service of Geology and Subsoil of Ukraine. As early as March 2017, the companies “KRK” and “ZGRK” owned by Avellana Gold Ltd. appealed to the State Service of Geology and Subsoil of Ukraine with applications for prolongation of the special permits, which the agency illegally detained, impeding the companys work. The Business Ombudsman Council has not found any violations in applications and recommends the State Service of Geology and Subsoil of Ukraine to re-examine the applications and a package of documents for extending the validity period of the special permits owned by Avellana Gold Ltd. We are pleased that the levers of influence appeared in Ukraine - the Business Ombudsman Council, and together with UkraineInvest and the European Business Association, business has a chance to fight bureaucracy in the power structures, said Andrii Smolin, the Head of Ukrainian representative office of Avellana Gold Ltd. Avellana Gold Ltd. also holds a dialogue with the US Embassy in Ukraine and enlists the support of Oksana Markarova, a Government commissioner for investments, in resolving bureaucratic problems faced by foreign investors.

Companies that open business in Ukraine gained an opportunity to counteract bureaucracy in State agencies thanks to investor protection organizations. Recently, the Business Ombudsman Council responded to violations of the terms for prolongation of special permits of Avellana Gold Ltd. for the exploration of the Transcarpathian polymetal deposit by the State Service of Geology and Subsoil of Ukraine.

As early as March 2017, the companies “KRK” and “ZGRK” owned by Avellana Gold Ltd. appealed to the State Service of Geology and Subsoil of Ukraine with applications for prolongation of the special permits, which the agency illegally detained, impeding the company’s work.

The Business Ombudsman Council has not found any violations in applications and recommends the State Service of Geology and Subsoil of Ukraine to re-examine the applications and a package of documents for extending the validity period of the special permits owned by Avellana Gold Ltd.

“We are pleased that the levers of influence appeared in Ukraine – the Business Ombudsman Council, and together with UkraineInvest and the European Business Association, business has a chance to fight bureaucracy in the power structures,” said Andrii Smolin, the Head of Ukrainian representative office of Avellana Gold Ltd.

Avellana Gold Ltd. also holds a dialogue with the US Embassy in Ukraine and enlists the support of Oksana Markarova, a Government commissioner for investments, in resolving bureaucratic problems faced by foreign investors.

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