Business news from Ukraine

Business news from Ukraine

PRICES FOR PUBLIC TRANSPORT TO INCREASE IN KYIV

Prices for public transport will be raised in Kyiv, First Deputy Head of the Kyiv City State Administration Mykola Povoroznyk said.
“This is an unpopular step that we have to take in order to maintain the stable operation of municipal carriers. Today, in the face of rising energy tariffs, leaving the fare at the current level means driving carriers into debt holes, and subsequently paralyzing the work of transport companies. Therefore, we are forced to begin the procedure for increasing the tariff. Now we are awaiting proposals from utilities regarding the economic feasibility of the tariff. After that, a reasonable fare will be formed, and we will submit a proposal for public discussion,” Povoroznyk said, according to the statement of the press service of the Kyiv City State Administration.
He also said that in the summer the cost of travel increased in many cities of Ukraine: in Lviv, Poltava, Mykolaiv, Zaporizhia and others, while Kyiv authorities postponed the moment of increasing tariffs.
“Today, when the city has taken measures not to increase the tariff for heating agents for the population, but to compensate for the difference at the expense of the local budget, it is simply impossible to increase funding for the already subsidized public transport. Such a step could lead to underfunding of city programs, which are critically important for many people in Kyiv,” Povoroznyk said.
He separately noted that at the same time, all available travel benefits for Kyiv residents will remain.

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CONSTRUCTION OF ICE ARENA TO BEGIN IN CHERKASY

In 2022, the construction of the Ice Arena, a sports complex within the framework of the Big Construction program and the restoration of three castles under the Big Restoration program will start in Cherkasy region, President of Ukraine Volodymyr Zelensky said.
“There is our program – these are large sports unique multi-complexes. One of them will be built in Cherkasy region, several more swimming pools. The Ice Arena will be built separately. These are all programs that will begin next year. There are three castles within the Big Restoration, which are included in the program,” Zelensky told media representatives while on a working visit to Kaniv, Cherkasy region.
He also said that within the framework of the Big Restoration program, documents are also being prepared for the restoration of Kaniv center.
In addition, according to him, in 2022, a school with a playground for children and a swimming pool will appear in the city.
Speaking about roads, the President said that about 250 km of roads are planned to be repaired within the current year.
“I think that in a couple of years we will finish all the main roads in Cherkasy region,” he said.
“I believe that they have everything in Cherkasy region. There are people, there are hands, there are unique places and history. We need to bring all this into a normal high-quality form,” Zelensky said.

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BARCELONA BEATS DINAMO KIEV IN CHAMPIONS LEAGUE

Dinamo Kiev lost 0-1 to Barcelona (Spain) in the third match of the 2021-2022 Champions League group stage, dropping to last place in Group E with one point.
The only goal in the 36th minute was scored by Gerard Piqué, completing Jordi Alba’s pass from the goalkeeper’s line. Thus, the Catalans bypassed the Kyivans, rising to third place with three points.
In another match, the leaders play: Benfica in Lisbon hosts Bayern München.
In the fourth round on November 2, Dinamo will play with Barcelona in Kyiv, ​​and Benfica will go to Germany.

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4 UKRAINIAN BANKS VIOLATE REQUIREMENTS IN OCT

The single counterparty exposure limit (H7, shall be no more than 25%) as of October 1, was violated by Prominvestbank (88.3%) and Industrialbank (44.08%), according to the website of the National Bank of Ukraine (NBU).
The limit on bank total long open FX position (L13-1, shall be no more than 10%) was violated by Oschadbank (135.7%), Prominvestbank (106.93%), PrivatBank (80.25%) and Industrialbank (19.56%).
The limit on bank total short open FX position (L13-2, shall be no more than 10%) was violated by Prominvestbank (131.27%).
As reported, the prudential requirement on Net Stable Funding Ratio (NSFR) was set at 90% by the NBU for banks starting October 1 (earlier it was 80%). In accordance with the schedule, the NBU will increase the NSFR requirement for banks to 100% from April 1, 2022.
According to the data of the National Bank, all operating banks as of October 1 exceed the level of the NSFR standard of 90%.
The NSFR regulation is intended to encourage banks to rely on more stable and long-term funding sources and reduce their dependence on short-term financing.

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THE CHAMPIONSHIP OF HORSE MARTIAL ART WILL TAKE PLACE NEAR KYIV

On October, 23 and 24 Ancient Kyiv in the Principality of Kyivan Rus («Kyivan Rus Park») invites everybody to a spectacular sporting event of autumn – the «Scythians» horseback archery Championship of Ukraine. The strongest archers of Ukraine will gather in Ancient Kyiv in order to compete in the thrilling art of horseback archery. The guests will also be awaited by promenades on horseback, tasty dishes from fire, ancient Slavic amusements, extreme rides… And all of thуsу in a real live medieval city!
The Principality of Kyivan Rus is the only place in Ukraine where the competitions in this ancient martial art take place. Horseback archery unites two sports: horse and archery. The uniqueness of the competitions is in the combination of sporting excitement and romance of antiquity, which will not leave indifferent anyone – neither the smallest children nor the adult visitors.
The best Ukrainian sportsmen-virtuosos will compete in the traditional (historical) bow shooting accuracy on a horseback at full gallop. It is an incredibly difficult task for the competition participants and, at the same time, a thrilling spectacle for the viewers.
Also the guests of the Principality will see the demonstrative performances of actors-stuntmen of the horse-trick theatre on the virtuoso possession of different medieval weapons.
The sportsmen and the actors-stuntmen will perform in a tandem with the unique horses of historical breeds gathered from all over the world in the Princely stable. Some of these horses can be seen nowhere else in Ukraine because they were brought to our country in a single number. The horses can be palmed, taken a photo with, ridden on a horseback or in a carriage.
The guests of the Principality will be not only the viewers of the festival but will get a chance to become the active participants of the event and join the merry and interesting games, contests, Slavic amusements, fiery round dances and dance flash mobs.
Details on the website www.parkkyivrus.com
Ancient Kyiv opens at 10:00. The program starts at 13:30.
The ticket price: a full adult ticket – 250 UAH, for pensioners and students – 150 UAH, for schoolchildren – 80 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Route taxis leave from Kyiv from the «Vydybitchi» metro station.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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UKRAINE PLANS TO AGREE WITH SAUDI ARABIA ABOLITION OF SHORT-TERM VISAS FOR HOLDERS OF DIPLOMATIC PASSPORTS

The Cabinet of Ministers of Ukraine intends to agree with the government of the Kingdom of Saudi Arabia on the mutual abolition of short-term visas for holders of diplomatic, special and service passports.
The relevant draft memorandum of understanding was approved at the Wednesday government meeting.
It is expected that the signing of the memorandum will establish a symmetric travel regime for Ukrainian citizens who use diplomatic and service passports and Saudi Arabians who hold diplomatic and service passports to another state.
In particular, the memorandum stipulates the possibility of visa-free travel up to 90 days within 180 days.

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