Business news from Ukraine

Business news from Ukraine

CENTER FOR MEDICAL STATISTICS OPEN IN UKRAINIAN CAPITAL

The Kyiv City Information and Analytical Center for Medical Statistics has opened in the capital, which will ensure the functioning of a unified system for collecting, processing, storing and analyzing medical statistical information, the press service of the Kyiv city state administration said.

According to deputy head of the Kyiv City State Administration Anna Starostenko, the Center for Medical Statistics was created by renaming the Kyiv City Center for Public Health and joining it with the City Scientific Information and Analytical Center for Medical Statistics.

“Accordingly, the institution started to ensure the circulation of medical statistical information, its functioning as a unified system for collecting, processing, storing and analyzing medical statistics in the capital,” she said, adding that this decision will also ensure uninterrupted funding of the institution.

“Funds to finance this city public health center from the state budget are provided only until July 1, 2021 – the center could be left without funding, and its employees – without wages as early as next month. At the same time, from July 1 to December 31, 2021, a subvention is provided by the state for the payment of current expenses for implementation of measures related to the collection, processing, storage and transmission of medical and statistical information by information and analytical centers of medical statistics,” Starostenko said.

Online Event focusing on Nord Stream 2: What next for Ukraine’s European gas market integration and US partnership?

In order to understand the direction in which the US-Ukraine relationship will develop in upcoming months and how to mitigate the impact of these developments and turn them into a strength for the Ukrainian energy transition, Adam Smith Conferences will be hosting a webinar focusing on Nord Stream 2, the future of European gas transit and the implications for Ukraine.

The webinar, taking place on 6 July, will feature leading voices in Ukrainian energy and geopolitics, including: Lana Zerkal, Ambassador Extraordinary and Plenipotentiary, Advisor to the Minister of Energy of Ukraine, John Herbst, Former US Ambassador to Ukraine, and Director at the Atlantic Council, and Andreas Umland, Research Fellow, Stockholm Centre for Eastern European Studies at the Swedish Institute of International Affairs. The discussion will be moderated by Aura Sabadus, Senior Energy Journalist at ICIS, who has been covering gas markets in Ukraine, Turkey and Romania for the past ten years.

The 90-minute session is free, but participants must register in advance: https://www.asc-webinars.com/nord-stream-2

Article

Title: Online Event on Nord Stream 2: What next for Ukraine’s European gas market integration and US partnership?

After the Biden administration waived congressionally mandated sanctions on Nord Stream AG, the company behind the Nord Stream 2 pipeline, the future of European gas transit and the implications for Ukraine, as well as bilateral relations with the US remain uncertain.

To understand the direction in which the US-Ukraine relationship will develop in upcoming months and how to mitigate the impact of these developments and turn them into a strength for the Ukrainian energy transition, Adam Smith Conferences will be hosting a webinar focusing on Nord Stream 2, the future of European gas transit and the implications for Ukraine.

The webinar, taking place on 6 July, will feature leading voices in Ukrainian energy and geopolitics, including:

  • Lana Zerkal, Ambassador Extraordinary and Plenipotentiary, Advisor to the Minister of Energy of Ukraine
  • John Herbst, Former US Ambassador to Ukraine, Director at the Atlantic Council
  • Andreas Umland, Research Fellow, Stockholm Centre for Eastern European Studies at the Swedish Institute of International Affairs

The discussion will be moderated by Aura Sabadus, Senior Energy Journalist at ICIS who has been covering gas markets in Ukraine, Turkey and Romania for the past ten years.

Over the course of 90 minutes, Ukrainian and international experts will be brought together to examine what to expect in the short- to medium-term, what is Ukraine’s plan B for the period after 2024, how Ukraine will remain relevant in the wider European gas marker should transit be diverted to NS2, along with other important questions. The webinar will feature an extensive Q&A session where the audience will also have a chance to ask the panel their questions.

This free event will be streamed on Zoom and is part of a series of conferences focused on Ukraine organised by Adam Smith Conferences, one of the leading conference organisers in Eastern Europe. Click here [https://www.asc-webinars.com/nord-stream-2] to register for the event. Spaces are limited!

On 14-16 July 2021, Adam Smith Conferences will also be hosting the 12th Annual Ukrainian Energy Forum at the PARKOVY Congress and Exhibition Centre.

For more information, please contact:

Vadim Kudruk

v.kudruk@adamsmithconferences.com

+44 7538 380975

Adam Smith Conferences

 

,

KAZAKHSTAN INTERESTED IN COOPERATION WITH UKRAINE IN AGRO AND IT

Prime Minister of Ukraine Denys Shmyhal has met with Minister of Trade and Integration of the Republic of Kazakhstan Bakhyt Sultanov following the results of the 14th meeting of the joint Interstate Ukrainian-Kazakh Commission on Economic Cooperation. “Sultanov noted that Ukraine is one of the leaders in the field of agro-industrial complex and IT, therefore Kazakhstan is interested in developing cooperation in these areas,” the press service of the government said.

Shmyhal stressed that Ukraine is interested in developing cooperation with Kazakhstan and considers it an important partner in Central Asia.

“Our countries have a good potential to increase trade. I am convinced that close cooperation between our governments will contribute to further growth in the economic performance of the two countries,” he said.

UKRAINIAN BUSINESS DELEGATION TO VISIT IRAQ

Ukrainian Foreign Minister Dmytro Kuleba, at a meeting with his Iraqi counterpart Fuad Hussein, assured Baghdad that Kyiv will remain a reliable guarantor of Iraqi food security.

According to the MFA press service, during the meeting, which took place on the sidelines of the Antalya Diplomatic Forum, the ministers discussed the development of trade, in particular the increase in the volume of Ukrainian agricultural exports to Iraq.

On Kuleba’s initiative, a delegation of Ukrainian entrepreneurs will visit Iraq to look for new trade opportunities between the countries. Kuleba said that Ukraine will remain a reliable guarantor of food security for Iraq, an important trading partner in the Middle East region.

The head of Ukrainian diplomacy expressed support for Iraq’s efforts in the fight against terrorism. The sides paid special attention to the issue of protecting the rights of Ukrainian citizens on the territory of Iraq.

Kuleba also expressed his readiness to work together to increase the number of Iraqi students in Ukrainian educational institutions.

 

BANK OF AMERICA: UKRAINE MAY REFUSE TO COOPERATE WITH IMF IN 2023-2024

Ukraine may try to refuse cooperation with the International Monetary Fund (IMF) during the electoral cycle 2023-2024, analysts at Bank of America (BofA) believe.

According to the BofA Global Research report, which is owned by Interfax-Ukraine, analysts believe that it may be extended to 2022 “given limited progress.”

“However, we also think that the Ukrainian authorities may try to ‘graduate’ from reliance on IMF financing during the next electoral cycle in the second half of 2023 – the first quarter of 2024,” the analysts said in the report.

According to the report, the authorities may be open to the idea of ​​a new program after the elections as part of broader cooperation with the West, but may prefer not to be bound by IMF conditionality and the usual implementation problems during the electoral campaign.

According to BofA, this may lead to a period without an active IMF program, although some form of cooperation will likely remain in place in any scenario.

The next Verkhovna Rada elections are planned for October 2023, followed by presidential elections in March 2024. This leaves 2022 as the remaining window for continued close cooperation with the IMF, BofA believes.

“We think the extension of the current SBA program [under the stand-by arrangements] for another year or so is the most likely scenario. The extension may allow Ukraine to roll over at least part of its nearly $3 billion in maturities to the IMF in 2021-2022,” BofA said in the report.

Ukraine’s ability to withhold official funding is likely to directly depend on fiscal consolidation in 2022-2023.

At the same time, as noted by BofA, a flexible approach to fiscal policy is likely to mean the need for IMF financing even during the electoral cycle.

Although Ukraine must fulfill a number of conditions in the current program of the Fund, analysts still believe that Ukraine will be able to pass the first test and receive the first tranche in July-September 2021.

,

WINDROSE CELEBRATES FIRST ANNIVERSARY OF LAUNCH OF UKRAINIAN DOMESTIC AIR TRAFFIC PROGRAM

Last year, Ukrainian aviation faced many challenges, so there were almost no encouraging forecasts regarding the resumption of flights or the opening of new directions. However, immediately after the lifting of restrictions on flights, the Ukrainian airline WINDROSE carried out its first domestic flight. It was a bright start for a new stage in the company’s development, the goal of which is to raise the culture of transportation in our country to a higher level.

In February 2020, WINDROSE CEO Volodymyr Kamenchuk announced the launch of a new project. “WINDROSE has been providing services of tourist transportation to different parts of the world for more than 16 years. Subsequently, it became clear that it was time to apply our experience to domestic flights. This year we are launching a new domestic program that will connect the large cities of our country with convenient and fast flights.”

The network started with the six largest Ukrainian cities. However, over the year, the flight map extended to 12 destinations: Kyiv, Lviv, Ivano-Frankivsk, Kharkiv, Dnipro, Odesa, Kherson, Zaporizhia and Mykolaiv, and in June of this year new routes were opened to Uzhgorod, Kryvy Rih and Chernivtsi. With the start of the new program, WINDROSE has renewed its fleet – domestic flights are carried out mainly on board ATR 72-600 aircraft. These are aircraft of increased safety, reliability and comfort, specially designed for regional flights.

A new modern trend is to fly within Ukraine. “Creating a habit of flying within Ukraine is now our main goal. During this year we have made a lot of efforts to make Ukrainians know as much as possible about this opportunity. We are already seeing the result and the shifts are very positive. First of all, Ukrainians must understand that to travel by plane across the country is accessible and comfortable,” PR manager of the company Iryna Levenko said.

Now the company is developing a network of domestic transportation and successfully opening new directions. We hope that soon Ukrainians will be convinced of the availability and speed of domestic flights and travel around Ukraine with the reliable wings of WINDROSE Airline.

,