Business news from Ukraine

Business news from Ukraine

CROATIA CHANGES ENTRY ALERT FOR SOME COUNTRIES INCLUDING UKRAINE

Croatia has changed the entry alert for the citizens of a number of states including Ukraine. As Ambassador of Ukraine to the Republic of Croatia Vasyl Kyrylych wrote on Twitter, such decision was taken in late hours of July 10. “Late on July 10, Croatia took a decision on the obligation for third-country nationals, including Ukraine, who enter the Republic of Croatia to undergo 14-day self-isolation. If there is a test for COVID-19 done no later than 48 hours, self-isolation is not needed,” wrote the ambassador.
In turn, the Embassy of Croatia in Ukraine noted on Facebook that third-country nationals entering Croatia for personal urgent reasons (for example, have private property in Croatia) must undergo a mandatory 14-day self-isolation, but it can be reduced to seven days if a person at his own expense will passe a sample of material from a nose and a throat seven days after arriving in the country and will receive a negative PCR-test for SARS-CoV-2.
At the same time, persons entering Croatia for tourist purposes or for training can enter the country without a 14-day self-isolation, but upon presentation of a negative PCR-test for SARS-CoV 2. It is noted that the test should be done not later than 48 hours (counting from the time of taking sample to arrival at the border crossing).
As previously reported, Ukrainians could visit Croatia if a hotel reservation or a guest dwelling are confirmed.

CASHLESS PAYMENTS IN UKRAINE GROW TO 55.5%

The volume of non-cash payments in May grew to 55.5% of all operations from 50.3% in January 2020, and their number grew to 87% from 82.4%, the press service of the National Bank of Ukraine (NBU) reported on its Facebook page to Friday.
“During the quarantine, non-cash payments proved their safety and convenience. Therefore, the choice of Ukrainians in favor of cashless payments is obvious,” the press service of the central bank said.
At the regulator will publish statistics on the state of the card market on a monthly basis, due to the fact that since the beginning of the year, banks began to provide the regulator with statistical information with appropriate reporting intervals.

TRADE IN SHARES OF FOREIGN-REGISTERED COMPANIES DOING BUSINESS IN UKRAINE

Trade in shares of foreign-registered companies doing business in Ukraine

PRESS CONFERENCE ‘SOCIO-ECONOMIC CONSEQUENCES OF THE CRISIS, UKRAINIAN CITIZENS’ EXPECTATIONS BEFORE MUNICIPAL ELECTIONS’ TO BE HOLD IN KIEV

On Tuesday, July 14, at 10.30, the press center of the Interfax-Ukraine News Agency will host a press conference on the subject: “Socio-Economic Consequences of the Crisis, Ukrainian Citizens’ Expectations before Municipal Elections” to present a sociology survey conducted by the companies Active Group and Expert Club. Participating will be Head of the Active Group sociology company Oleksandr Pozniy, Co-founder of the Expert Club, political scientist Danylo Bohatyriov, political expert Valentyn Haidai (8/5a Reitarska Street). The broadcast will be available on the YouTube channel of Interfax-Ukraine. Admission requires press accreditation on the spot.

INDUSTRIAL PRICES IN UKRAINE 2% DOWN

Prices of industrial producers in Ukraine in June 2020 decreased by 2%, while in May by 0.6% with an increase in April by 0.1%, in March by 1.8%, in February by 0.1%, in January by 2.5%, the State Statistics Service has reported.
The service clarifies that within the country in June from May 2020, the prices of industrial producers fell by 2.8%, while for deliveries outside the country they increased by 1.2%.
In annual terms (compared to the same month last year), in June 2020, industrial prices fell by 4.6%, in May by 5.1%, in April by 2.6%, in March by 4.2%, February by 6.8%, January 2020 by 5.9%.
In the first half of this year, compared with the same period in 2019, industrial producer prices also decreased by 4.9%, from the beginning of the year (June 2020 from December 2019) they increased by 1.8%.
According to the statistics agency, prices in mining and quarrying in June compared to May of this year fell by 5.2%, in particular, in extraction of crude oil and natural gas by 19.1%, in extraction of coal by 2.5%, while in extraction of metal ores they rose by 3.4%.
Last month, the price increase in production of coke and oil products amounted to 11.4%, chemical products some 8.4%, woodworking 0.7%, pharmaceutical manufacturing 0.6%, and in processing industry 0.6%.
At the same time, tariffs in the supply of electricity, gas and air conditioning fell by 7%, metallurgy production by 3.1%, engineering by 0.4%, textile production by 0.3%.

STATE-RUN MONOPOLIST UKRZALIZNYTSIA CAN BE DEVIDED INTO FIVE COMPANIES

The restructuring plan of JSC Ukrzaliznytsia (Kyiv) provides for its division into a number of specialized companies, up to five, member of the company’s supervisory board Serhiy Leschenko has said in an interview with Interfax-Ukraine. “The Ukrzaliznytsia restructuring plan presents the company’s unbundling for discussion – there are different approaches involving the creation of three to five verticals. Cargo and passenger transportation, infrastructure, repairs and non-core assets. But this, of course, is an ideal plan,” he declared.
At the same time, according to Leschenko, Ukrzaliznytsia has not been able to separate at least passenger traffic into a separate company and stop subsidizing it from freight transportation for a year.
“Today I’m very upset that when the conditions were favorable for the company, the moment was missed. And we got into a certain centrifuge when we need to accept the anti-crisis program and reform the company at the same time,” he said.
He said Ukrzaliznytsia is still a huge national treasure that needs to be used correctly and which will lose its value simply under the influence of time, if it is not maintained and modernized.
“We need to optimize the company as much as possible – its purchases, staff, and expenses. Even if not everyone benefits from it, someone will get more orders, someone will close or will be fired. But in general, the company should be the winner. And in many ways it will depend on the new head of the company,” the official said.

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