Business news from Ukraine

Business news from Ukraine

COVID CERTIFICATE CAN BE IMPLEMENTED FROM JULY 1 AND WILL BE VALID FOR UP TO 180 DAYS

The COVID-19 certificate can be implemented from July 1 and will be valid for up to 180 days, Director General of the Center for Public Health Roman Rodyna has said.

“Now we are working out a resolution of the Cabinet of Ministers, which will determine the conditions for issuing a COVID-19 certificate. We hope that it will available from July 1,” he said on the YouTube channel on Friday.

Rodyna named three reasons for issuing such a certificate. In particular, it will be issued if a person has received a full course of vaccination. In this case, the document will be valid for 180 days.

In addition, a negative PCR test will be the basis for issuing a certificate. In this case, its validity period is 72 hours from the moment of taking the sample.

The certificate will also be issued if a person has been ill with COVID-19 and the relevant confirmed laboratory data have been entered into eHealth. In this case, the certificate will be valid for 180 days from the date of receipt of laboratory confirmation of the disease.

Rodyna said, the question of whether these certificates will allow entry to other countries will be decided by bilateral agreements between the countries.

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CHAIRMAN OF UKRAINIAN PARLIAMENT: THERE IS NO POINT IN HOLDING EARLY PRESIDENTIAL ELECTIONS

Chairman of the Verkhovna Rada Dmytro Razumkov denies rumors about possible early presidential elections in Ukraine. “I also see this [information about early presidential elections] in the media, telegram channels. I don’t quite understand who is doing this and why […] You know, any information campaign has to be for something. I am sure that the president will not leave his position, because a lot has not yet been done, only half of the term has passed. He has enough time to work further. Why he should leave his post is a mystery to me. There is no logic in it,” Razumkov said at a press conference on Friday in Kyiv.

He said that it makes no sense for President Volodymyr Zelensky to leave politics today.

“The President will not leave his post today and will not start doing any other things,” the speaker said.

UKRAINE’S STATE DEBT GROWS IN U.S. DOLLARS BUT DECREASES IN HRYVNIAS

The total public debt of Ukraine in May 2021 grew by 0.21% in U.S. dollars, to $91.52 billion and decreased by 0.69% in hryvnias, to UAH 2.516 trillion, according to data on the website of the Ministry of Finance, published in Friday.

According to the Ministry of Finance, direct public debt in May this year in U.S. dollars increased 0.16%, to $81.5 billion, in hryvnias it decreased 0.75%, to UAH 2.241 trillion.

External direct debt in the past month in U.S. dollars grew by 0.16%, to $45.19 billion, and in hryvnias it decreased 0.74%, to UAH 1.242 trillion.

The state-guaranteed debt in May in U.S. dollars increased by 0.7%, to $10.02 billion, in hryvnias it decreased 0.26%, to UAH 275.54 billion, according to the ministry’s data.

According to them, since the beginning of 2021, the total national debt of Ukraine has grown by 1.4% in U.S. dollars and by 17.51% in hryvnias.

According to the Ministry of Finance, the share of liabilities in U.S. dollars of the overall government debt in May increased to 36.21%, in hryvnias it also grew to 36.21%, in SDR it rose to 13.59%, but the share of liabilities in euros decreased to 13. 39%, and in yen to 0.59%.

The official U.S. dollar rate, at which the Ministry of Finance calculates the debt, strengthened to UAH 27.50/$1 in May compared to UAH 27.75/$1 in April, and UAH 27.88/$1 in March.

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VOLUME OF E-COMMERCE EXPORT IN UKRAINE REACHES $450 MLN

The volume of Ukrainian e-commerce exports in 2020 increased by 30% and amounted to $450 million, while the majority of Ukrainian e-commerce platforms are designed exclusively for the local consumer, according to a study of the Ukrainian e-commerce market conducted by Soul Partners, Baker Tilly Ukraine and Aequo at supported by USAID.

“Prospects for the development of the export potential of e-commerce remain at a relatively low level. According to the results of the survey, over 85% of respondents declared the absence of export operations using e-commerce, while the majority of the interviewed entrepreneurs are extremely interested in the development of e-exports,” Partner and Advisory Practice Leader at Baker Tilly Ukraine Andriy Kaliushenko said.

According to the study, Ukrainian electronic exports are mainly represented through international platforms such as Amazon, Ebay and Etsy, while most Ukrainian platforms do not provide the possibility of export operations or international delivery.

The largest importer of Ukrainian goods at the end of the year was the United States, which share was 33% of the total Ukrainian e-commerce export. In second place is Russia (16%), followed by the U.K., Germany and Canada (4-7%). At the same time, a third of export operations in Ukraine falls on Kyiv, 10% on Kharkiv, and 8% on Dnipro. Products from the categories of food products, clothing and medicines dominated in the structure of export sales.

By the end of 2020, Ukrposhta became the largest logistics operator of international parcels (65% of the total number of parcels).

According to the authors of the study, the main obstacle to the development of e-commerce export is the non-recognition of Ukrainian certificates of conformity in the EU.

“The implementation of the Association Agreement by Ukraine and the mutual recognition of electronic signatures with the EU countries would have contributed to the integration of markets,” Partner and of Head of M&A at Aequo Hanna Babych said.

In addition, the entry of global e-commerce players into the Ukrainian market and the expansion of PayPal’s functionality could increase the potential of e-export, according to the study.

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

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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

 

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