World Bank urges Yushchenko to quickly sign joint stock company law

The World Bank urged Ukrainian President Victor Yushchenko to quickly sign the new law governing joint stock companies.

“We support this law and hope that it will be signed in the nearest time,” World Bank Director for Ukraine, Belarus and Moldova Martin Raiser said.

Raiser noted that the law met international standards and its enactment would help increase stock market investments, fight corruption and halt raider attacks on businesses.

The Verkhovna Rada passed the law regulated activities of joint-stock companies Bill on Sept. 17 with a finally tally of 358 votes far exceeding the required 226 votes.

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