OREANDA-NEWS. December 23, 2008. Improvement of protecting interests of investors in house making, introduction of a more strict responsibility of subjects of financial-credit mechanisms towards investors and strengthening of control on the part of authorities which regulate activity of these subjects and preventing negative phenomena tied to machination on the housing market – respective norms are envisaged by approved by the Parliament on December 18 of 2008 Law of Ukraine “On making amendments to certain legislative acts of Ukraine (regarding upgrading of financial mechanisms of investing into house making)”.

Main maker of norms of the mentioned law was the Ministry of Regional Development and Building of Ukraine.

It should be reminded that in connection with cases of machinations on the housing market, pursuant to an Order of the President of Ukraine a commission to solve issues of accommodation of citizens and those who suffered in the result of activity of Elita-Centre group of building companies was set up, chaired by the Minister of Regional Development and Building of Ukraine Vasyl Kuibida.

On commission of Prime Minister of Ukraine a panel was created to ready propositions to improve legislation in the issues of investing of accommodation with an aim to strengthen the level of protection of citizens, led by Deputy Minister Dmytro Isayenko. It is composed of specialists of the Secretariat of the Cabinet of Ministers, Ministry of Justice, State Investment Committee and State Financial Monitoring Committee.