Business news from Ukraine

Business news from Ukraine

UKRAINIAN CLIMATE FUND MAY BE LAUNCHED IN 2 YEARS

The Ukrainian Climate Fund, which is currently being developed by the Ministry of Ecology and Natural Resource, may be launched early 2023, Minister of Ecology and Natural Resources of Ukraine Roman Abramovsky has told the Green Deal portal.
“In any case, this fund can be launched at the beginning of 2023, because any budget documents involving changes in the receipts and expenditure are submitted before July 1,” the minister said.
At the same time, he said that there is still a lot of work to be done on the design and modeling of the Ukrainian Climate Fund, as well as in the adoption of a bill that will approve this fund.
“Nevertheless, I believe that this is objectively possible. One of the main tasks at this stage is to enlist the support of international financial institutions that can be investors within the fund and multiply the effect of the income from environmental taxes. There is no other way!” he said.
According to him, the ministry is negotiating with the European Bank for Reconstruction and Development and the World Bank.
The minister also said that at the time of launch, the fund will have about UAH 8 billion of its own funds received from the proceeds from the tax on CO2 emissions and other environmental taxes.

UZBEKISTAN AIRWAYS STARTS FLIGHTS TO UKRAINE

The Uzbek state airline Uzbekistan Airways has resumed flights on the Tashkent-Kyiv-Tashkent route after a six-year break, according to Boryspil International Airport’s Facebook page.
“Yesterday, the Uzbek state airline Uzbekistan Airways returned to Boryspil International Airport on the Tashkent-Kyiv-Tashkent route,” the report says.
Flights will be operated once a week on Sundays.
In addition to Uzbekistan Airways, flights to Tashkent from Kyiv are operated by Ukraine International Airlines (UIA) and SkyUp.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 27/09/21

National bank of Ukraine’s official rates as of 27/09/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF SEPTEMBER 27

Official rates of banking metals from national bank as of September 27

One troy ounce=31.10 grams

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UKRAINE DISAPPOINED WITH HUNGARY’S DECISION TO SIGN CONTRACT WITH RUSSIA’S GAZPROM FOR SUPPLY OF GAS BYPASSING UKRAINE

Ukraine is surprised and disappointed with Hungary’s decision to sign a new long-term contract with Russia’s Gazprom in Budapest on September 27, 2021, regarding gas supply to Hungary bypassing Ukraine, the Ukrainian Foreign Ministry said in a statement.
“We view this as nothing but a political, economically unfounded decision, which has been made to the benefit of the Kremlin and to the detriment of national interests of Ukraine and Ukrainian-Hungarian relations, in violation of the principles of the Treaty of Neighborliness and Cooperation between Ukraine and the Hungarian Republic dated December 6, 1991,” the statement said.
The Ukrainian Foreign Ministry has initiated a delay of the next meeting of the Joint Ukrainian-Hungarian Intergovernmental Economic Cooperation co-chaired by the two foreign ministers, which was planned for September 29-30.
“Earlier today, the Ukrainian Foreign Ministry initiated a delay of the Commission meeting, considering that the Hungarian-Russian gas agreement will have a substantial influence on the energy security of Ukraine and Europe, and will create new circumstances that require a comprehensive analysis of risks and threats and coordinated efforts of countries of the region in order to minimize its negative implications,” the statement said.
The Ukrainian side will also apply to the European Commission to provide an assessment of the conformity of the new Hungarian-Russian gas agreement with European energy legislation.

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U.S. PUBLICATION ON CRYPTOASSETS OPENS EASTERN EUROPEAN BUREAU IN UKRAINIAN CAPITAL

The U.S. publication on cryptoassets Bitcoin Magazine has announced the launch of an Eastern European bureau in Kyiv, which will cover events in the world’s fastest growing cryptocurrency markets.
“While the world’s economists are fixated on superpowers like China and the United States, the future of money is being decided in places like El Salvador and Ukraine,” CEO of Bitcoin Magazine David Bailey said in the press release.
According to him, Bitcoin Magazine already has editorial offices in Seoul and Shanghai, and the bureau in Kyiv will become the third regional office. The decision to open an office in Kyiv was influenced by the Verkhovna Rada of the law on virtual assets.
The publication also refers to the estimates of experts (The Global Crypto Adoption Index), according to which Ukraine is home to the fourth-largest population of bitcoin users in the world. “The team making up the bureau will feature a group of the most talented Bitcoin journalists in the region, who will be producing top quality written, video, and podcast content in Ukrainian, Russian and Kazakh,” the publication said.
Thus, after a new strategic partnership, which will be announced before the end of September, Bitcoin Magazine will cover events in 11 countries and serve 240 million people who currently live in a large CIS region, including Ukraine, Russia and Kazakhstan, the publication said.
Bitcoin Magazine (the United States), a print and online publication that, since 2012, has provided analytical, research, educational and intellectual materials at the intersection of finance and technology. It is also the organizer of one of the largest annual events in the Bitcoin cryptocurrency industry in 2022.

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