Офіс з фінансового та економічного аналізу у Верховній Раді України (ОФЕА) 

Financial and Economic Analysis Office in the VRU

The Financial and Economic Analysis Office was established as part of a programme to support the reform of management of state finances in the Ukraine. On 19 November 2015, the Secretariat of the Verkhovna Rada of Ukraine, the German Gesellschaft für Internationale Zusammenarbeit (GIZ), the Westminster Foundation for Democracy (WFD) and the Ukrainian Parliamentary and Executive Internship Program Alumni Association «Interns` League» all signed a letter of intent at the Ukrainian Parliament. In accordance with this, the FEAO was established.

 Mission:

To raise the quality of economic and financial legislation developed and adopted by the Verkhovna Rada of Ukraine, and improve the effectiveness of implementation of existing legislation, through providing financial, economic and legal expertise.

 Philosophy:

«Delivering objective and impartial analysis of economic and financial legislation, producing rec-ommendations and working the Verkhovna Rada to put them into practice. Providing parliamentarians with expert advice in conducting their legislative functions and parliamentary oversight. Constant professional development to ensure the highest quality analyses and on-going improvement of our products, adapting to meet the needs and concerns of MPs and committees of Parliament».

 Functions:

• Providing expert advice on harmonizing Ukrainian legislation to meet EU standards in accord-ance with the requirements of the Association Agreement between Ukraine and the EU in the fields of economy and finance;
• Providing financial and economic analysis in an accessible format to MPs or Committees in the Verkhovna Rada, both in the form of standard products and on-demand requests.