Viktor Mykhailovych Pynzenyk(Ukrainian:Віктор Михайлович Пинзеник;born 15 April 1954) is aUkrainianpolitician, economist, and formerMinister of Finance.He is the former leader of theReforms and Order Party.[2][3]

Viktor Pynzenyk
Віктор Пинзеник
Pynzenyk in 2013
Minister of Finance of Ukraine
In office
18 December 2007 – 17 February 2009
Preceded byMykola Azarov
Succeeded byIhor Umansky(Acting)
In office
4 February 2005 – 28 September 2005
28 September 2005 – August 2006
Preceded byMykola Azarov
Succeeded byMykola Azarov
First Vice Prime Minister of Ukraine
In office
31 October 1994 – 5 September 1995
Preceded byYevhen Marchuk
Succeeded byPavlo Lazarenko
VicePrime Minister of Ukraine
In office
3 August 1995 – 21 September 1996
21 September 1996 – 7 April 1997
Personal details
Born(1954-04-15)15 April 1954(age 70)
Smolohovytsia,Ukrainian SSR,Soviet Union[1]
Political partyIndependent(since 2010, before 2002)[2]
Other political
affiliations
Reforms and Order Party(1997–2010)[3]
SpouseMaria Romanivna (1969)[3]
ChildrenOlga (1981), Yulia (1989), and Volodymyr (1993)[3]
OccupationPolitician, economist and professor

Pynzenyk has been credited with economic reform in post-Soviet Ukraine, helping to transform the country into amarket economyand introducing Ukraine's new currency, thehryvniain September 1996, with the help ofViktor Yushchenko,at the timeChairman of the National Bank of Ukraine.[4]

Early life

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Viktor Pynzenyk was born on April 15, 1954, in Smolohovytsia, in the westernmostZakarpattia Oblast(province) of theUkrainian SSR(nowUkraine) to Mykhailo and Mariya Pynzenyk. After completing hissecondary education,Pynzenyk studied at theLviv State University,from which he graduated in 1975 as aneconomist.[3]He stayed on in the same university until 1979 for thepost-graduate workon his dissertation in Economics which he defended in 1980 receiving the degree ofCandidate of Science(roughlyPh.D.equivalent). He continued his scientific work in theMoscow State Universitywhere he received hisDoktor of Sciencedegree in 1989.[3]A year later, Pynzenyk became a professor of economics at hisalma mater—the Lviv University.[3]

In 1996, he received an honorary doctorate from theNational University of Kyiv-Mohyla Academy.

Political and economic career

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Pynzenyk was sworn intoUkrainian parliamenton January 4, 1992,[5]and soon afterwards became a member of the economic reforms working group. Later that year, he became the Vice-Prime Minister of Ukraineas well as theMinister of Economy.[3][6]As minister, Pynzenyk introduced the first economic reforms in thenewly independent Ukraine,helping transform the country into amarket economy.[4]

In March 1992, Pynzenyk was elected to the secondconvocationof the parliament as part of the "Reforms" faction, serving his mandate until April 1998.[3]As anMP,he participated in the finance and banking work group.[3]From October 31, 1994 until September 5, 1995, he served as the country'sFirst Vice Prime Minister of Ukraine,[7]and from August 3, 1995 to April 7, 1997—as the Vice Prime Minister of Ukraine.

Viktor was elected to Verkhovna Rada for the third time in the1998 Ukrainian parliamentary electionserving from March 1998 until thenext electionin 2002.[3]In 2002, Pynzenyk was elected as part of the "Our Ukraine"electoral bloc. Three years later, after theOrange Revolution,Pynzenyk was chosen as the Minister of Economy[8]on February 4, 2005, and served his post until August 2006. Then on November 3, 2007, he became a deputy of the Verkhovna Rada of the sixth convocation as a member of theReforms and Order Party,which participated in theelectionsas part of theYulia Tymoshenko Bloc.[3]

Viktor Pynzenyk served as theMinister of Finance of Ukrainein thePrime MinisterYulia Tymoshenko'sCabinet,elected on December 18, 2007. He offered his resignation on February 12, 2008 because he could not abandon the principles of a balanced budget with a minimum deficit, realistic revenue sources and limits on government borrowing.[9]TheUkrainian Parliamentstill has to support this resignation.[10]Tymoshenko's reaction to his resignation was: "Not all officials can withstand the challenges of aglobal economic crisis,not all of them can work under pressure, and respond adequately to challenges. The weakest leave their combat posts and turn to other activities ", Tymoshenko also stated:" He was in hospital and was not working for health reasons ".[11]PresidentViktor Yushchenko's reaction to Pynzenyk's resignation was of a different nature: "It is a pity that such people – professional, honest and devoted to state interests are unable to realize their potential being members of the Government, losing such voice is a great misunderstanding and unprofessional policy of the Government. I am assured that the whole range of negative processes in budgetary policy will follow".[12]Pynzenyk, in conversation withUnited States Ambassador to UkraineJohn F. Tefftat a meeting on February 22, 2010 showed "frustration at his inability to convince Tymosehnko to take advantage of the opportunity presented by the2008–2009 Ukrainian financial crisisto reform” (according to Tefft) and called Tymoshenko's decisions “normally guided by ‘adventurous populism,’” which she saw as a tool to “consolidate power in her own hands.”[13]

On February 17, 2009, the Verkhovna Rada officially dismissed Pynzenyk.[14]Pynzenyk was absent from the voting as he was in hospital.[15]

Pynzenyk withdrew from the Reforms and Order Party in April 2010.[2]

Pynzenyk was appointed deputy chairman of the supervisory council ofUkrSibbankin February 2011.[16]

Pynzenyk returned to national politics as number 7 on the party list ofUDAR of Vitaliy Klychkofor the2012 Ukrainian parliamentary election.[17][18]He was (re-)elected into parliament.[19]

In the2014 Ukrainian parliamentary electionhe was again re-elected into parliament; this time after placing 17th on the electoral list ofPetro Poroshenko Bloc.[20][21]

Personal life

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Despite his career in politics, Viktor Pynzenyk remains a professor at theLviv University.He has been named an honorary professor of theKyiv-Mohyla Academy,and the Economics Institute ofTernopil.Additionally, he has been named an "Honored Economist of Ukraine" (as of 2004).[22]

Viktor Pynzenyk is married to Mariya Romanivna (b. 1969), and they have two children: sons Volodymyr (b. 1993) and Vitaliy (b. 2007). He also has two daughters from the previous marriage Olga (b. 1981) and Yulia (b. 1989). Pynzenyk's hobbies include tourism, an interest in music, as well as playing thepreferansgame.[3]His income declaration for 2006 constituted 265,200hryvnias($53,000).[23]He drives aToyota RAV4and aToyota 4Runner.[23]

See also

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References and footnotes

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  1. ^"76th place Pinzenik Viktor".Korrespondent(in Russian).Retrieved19 December2007.
  2. ^abc"Pynzenyk: Coming out of the PRP, I broke the site, which was uncomfortable for me".Ukrayinska Pravda(in Ukrainian).Retrieved2 April2010.
  3. ^abcdefghijklm"Pynzenyk Viktor Mykhailovych".dovidka.com.ua(in Ukrainian).Retrieved20 December2007.
  4. ^abZawadzki, Sabina (18 December 2007)."FACTBOX: Five facts about new Ukraine finmin Pynzenyk".Reuters.Retrieved19 December2007.
  5. ^Laws of Ukraine.Order of theVerkhovna RadaNo.2030-XII:On the recognition of official duties of the national deputies of Ukraine Pynzenyk V.M. and Zaiyats O.S..Adopted on 1992-01-04.(Ukrainian)
  6. ^Laws of Ukraine.Order of thePresident of UkraineNo.520/92:On the Vice-Prime Minister of Ukraine with a commitment to economic reforms, Minister of Economy of Ukraine.Adopted on 1992-10-27.(Ukrainian)
  7. ^Laws of Ukraine.Order of thePresident of UkraineNo.646/94:On V. Pynzenyk attaining the status of First Vice-Prime Minister of Ukraine.Adopted on 1994-10-31.(Ukrainian)
  8. ^Laws of Ukraine.Order of thePresident of UkraineNo.162/2005:On V. Pynzenyk attaining the status of Minister of Finance of Ukraine.Adopted on 2005-04-02.(Ukrainian)
  9. ^Ukrainian Finance Minister Pynzenyk offers resignationArchivedJuly 16, 2011, at theWayback Machine,Interfax-Ukraine(February 12, 2008)
  10. ^Parliament to vote for Pynzenyk's resignation, says LytvynArchivedJuly 16, 2011, at theWayback Machine,Interfax-Ukraine(February 12, 2008)
  11. ^New finance minister to be appointed soon, says Ukrainian PMArchivedJuly 16, 2011, at theWayback Machine,Interfax-Ukraine(February 12, 2008)
  12. ^Finance Minister's resignation is a deed of a man with principles - Yushchenko,UNIAN(February 18, 2009)
  13. ^Pynzenyk, ex-finance minister, calls Tymoshenko ‘destructive force’,Kyiv Post(December 3, 2010)
  14. ^Rada Removes Pynzenyk,Ukrainian News Agency(February 17, 2009)
  15. ^Rada accepts Finance Minister Pynzenyk's resignationArchivedJuly 16, 2011, at theWayback Machine,Interfax-Ukraine(February 17, 2009)
  16. ^On the move: Viktor Pynzenyk, UkrSibbank,Kyiv Post(February 10, 2011)
  17. ^Klitschko's UDAR approves party ticket,Kyiv Post(Aug. 1, 2012)
  18. ^You Scratch My Back, and I’ll Scratch Yours,The Ukrainian Week(26 September 2012)
  19. ^(in Ukrainian)Список депутатів нової Верховної Ради,Ukrayinska Pravda(11 November 2012)
  20. ^Poroshenko Bloc to have greatest number of seats in parliamentArchivedNovember 12, 2014, at theWayback Machine,Ukrinform(8 November 2014)
    People's Front 0.33% ahead of Poroshenko Bloc with all ballots counted in Ukraine elections - CECArchivedNovember 12, 2014, at theWayback Machine,Interfax-Ukraine(8 November 2014)
    Poroshenko Bloc to get 132 seats in parliament - CEC,Interfax-Ukraine(8 November 2014)
  21. ^(in Ukrainian)Full electoral list of Poroshenko Bloc,Ukrayinska Pravda(19 September 2014)
  22. ^Laws of Ukraine.Order of thePresident of UkraineNo.438/2004:On V. Pynzenyk attaining the fair status of "Deserved Economist of Ukraine".Adopted on 2004-04-15.(Ukrainian)
  23. ^ab"Pynzenyk Declares UAH 265,200 Income For 2006".Ukrainian News.18 December 2007.Retrieved20 December2007.
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Political offices
Preceded by Minister of Finance of Ukraine
2007–2009
Succeeded by
Ihor Umansky(Acting)
Preceded by First Vice Prime Minister of Ukraine
1994–1995
Succeeded by
Party political offices
Preceded by
None
Leader of theReforms and Order Party
1997–2010
Succeeded by