{"id":1217,"date":"2017-10-31T16:15:34","date_gmt":"2017-10-31T14:15:34","guid":{"rendered":"https:\/\/cbvs.kneu.edu.ua\/?p=1217"},"modified":"2017-10-31T16:28:00","modified_gmt":"2017-10-31T14:28:00","slug":"1217","status":"publish","type":"post","link":"https:\/\/cbvs.kneu.edu.ua\/index.php\/en\/2017\/10\/31\/1217\/","title":{"rendered":"The Reform of Natural Gas Market in Ukraine Fails:  Governance Risks at NAK &#171;Naftogaz&#187; and Steady Monopolization"},"content":{"rendered":"<p style=\"text-align: justify;\">The changes of the constituent documents of &#171;Ukrtransgas&#187; and subsequent subordination of this company to the Ministry of Economic Development and Trade could threaten the functioning of the GTS (gas transmission system). It was also a clear evidence of the governance risks importance and their potential impact on the company&#8217;s activities and financial performance. Thus, violations of the Principles of Corporate Governance for State-owned Enterprises of the Organization for Economic Cooperation and Development (OECD) could limit also the access to next loans from the World Bank and other financial institutions.<br \/>\nWhile in Ukraine assessment of the governance risks impact on financial performance of the company starts only to emerge, there is a clear system in the world for assessing such impact on financial performance, the company&#8217;s rating.<\/p>\n<p><a href=\"http:\/\/www.laender-analysen.de\/ukraine\/pdf\/UkraineAnalysen190.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1218 size-large\" src=\"https:\/\/cbvs.kneu.edu.ua\/wp-content\/uploads\/2017\/10\/UkraineAnalysen190-page-001-1-724x1024.jpg\" alt=\"\" width=\"724\" height=\"1024\" srcset=\"https:\/\/cbvs.kneu.edu.ua\/wp-content\/uploads\/2017\/10\/UkraineAnalysen190-page-001-1-724x1024.jpg 724w, https:\/\/cbvs.kneu.edu.ua\/wp-content\/uploads\/2017\/10\/UkraineAnalysen190-page-001-1-212x300.jpg 212w, https:\/\/cbvs.kneu.edu.ua\/wp-content\/uploads\/2017\/10\/UkraineAnalysen190-page-001-1-768x1086.jpg 768w, https:\/\/cbvs.kneu.edu.ua\/wp-content\/uploads\/2017\/10\/UkraineAnalysen190-page-001-1.jpg 1240w\" sizes=\"auto, (max-width: 724px) 100vw, 724px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The changes of the constituent documents of &#171;Ukrtransgas&#187; and subsequent subordination of this company to the Ministry of Economic Development and Trade could threaten the functioning of the GTS (gas transmission system). It was also a clear evidence of the governance risks importance and their potential impact on the company&#8217;s activities and financial performance. Thus,&#8230; <\/p>\n<div class=\"link-more\"><a href=\"https:\/\/cbvs.kneu.edu.ua\/index.php\/en\/2017\/10\/31\/1217\/\">\u0427\u0438\u0442\u0430\u0442\u044c \u0434\u0430\u043b\u0435\u0435<\/a><\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1217","post","type-post","status-publish","format-standard","hentry","category-1"],"_links":{"self":[{"href":"https:\/\/cbvs.kneu.edu.ua\/index.php\/wp-json\/wp\/v2\/posts\/1217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cbvs.kneu.edu.ua\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cbvs.kneu.edu.ua\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cbvs.kneu.edu.ua\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cbvs.kneu.edu.ua\/index.php\/wp-json\/wp\/v2\/comments?post=1217"}],"version-history":[{"count":5,"href":"https:\/\/cbvs.kneu.edu.ua\/index.php\/wp-json\/wp\/v2\/posts\/1217\/revisions"}],"predecessor-version":[{"id":1220,"href":"https:\/\/cbvs.kneu.edu.ua\/index.php\/wp-json\/wp\/v2\/posts\/1217\/revisions\/1220"}],"wp:attachment":[{"href":"https:\/\/cbvs.kneu.edu.ua\/index.php\/wp-json\/wp\/v2\/media?parent=1217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cbvs.kneu.edu.ua\/index.php\/wp-json\/wp\/v2\/categories?post=1217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cbvs.kneu.edu.ua\/index.php\/wp-json\/wp\/v2\/tags?post=1217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}