Business news from Ukraine

Business news from Ukraine

Delegation of the Venice Commission will soon come to Ukraine

The issue of reforming the Constitutional Court of Ukraine (CC) will be one of the key issues in the conversation with the delegation of the European Commission for Democracy through Law (Venice Commission), which will soon arrive in Ukraine, the deputy prime minister for European and Euro-Atlantic integration Olha Stefanyshyn said in a commentary to the Interfax-Ukraine news agency.

According to her, representatives of the Venice Commission on the results of the visit will provide conclusions on the registered bill, which provides changes to the selection of candidates for the position of judge of the CC.

“There is an agreement with our international partners, who will nominate experts to the Commission, which will select judges of the Constitutional Court, that the Commission will act on the model of the Ethical Council, which formed compositions of other judicial bodies”, – noted Stefanishina, specifying that it means the priority in votes of international experts, when it comes to assessment of integrity.

According to her, today the only problematic issue is the assessment of candidates on professional qualities, where the Ukrainian parliament does not agree to give priority to international experts, because it is about the formation of the CC.

Stefanyshyna said that after all the issues are agreed, the Verkhovna Rada should pass a bill by 29 May.

Lugano Business Forum will be held on May 11-12 in Switzerland on reconstruction of Ukraine

The Swiss city of Lugano, where the Ukraine Recovery Conference (URC2022) was held in July 2022 and relevant Lugano Principles were adopted, will host the first Lugano Business Forum on May 11-12.

“The forum will bring together representatives of European business, first of all from Switzerland and Ukraine, associations, organizations, officials and opinion leaders to discuss topical issues of private sector participation in real projects of post-war reconstruction of Ukraine,” the announcement of the forum says.

The organizers are the Ukrainian-Swiss Business Association, the Swiss Trade Association SGV and the Blockchain Association of Ukraine.

It is pointed out that Lugano Business Forum is officially recognized as a part of URC2023 and a stage of preparation of the main Conference on Recovery of Ukraine, which this year will be held on June 21-22 in London.

“The Lugano Business Forum is held to give foreign business and capital access to the largest global project of the next decade: the reconstruction and transformation of Ukraine,” the organizers point out.

Seven key topics will be discussed at the forum: energy resources, food technologies, Digital, FinTech and IT, medicine and biotechnology, construction and industry, venture capital and startups, as well as the extraction of raw materials.

Among the speakers are heads of the Ministry of Reconstruction Oleksandr Kubrakov, Ministry of Natural Resources Roman Strelets, Ministry of Agrarian Policy Oleksandr Kamyshyn, State Agency for Environmental Protection Roman Opimakh, and Zhytomyr Mayor Serhiy Sukhomlin.

Business will be represented, in particular, by the Head of the Board of Directors of Oshchadbank Sergiy Naumov, founder and managing partner of TA Ventures Viktoriya Tigipko, Head of the EFI Group Board of Directors Igor Liski, CEO of UMGI Andrei Gorokhov, co-owner of HD Group and GFS Group Boris Shestopalov, CEO of Geo Alliance Lyudmila Kuchmenko, CEO and owner of APK-Resurs Darya Didkovskaya, President of Ozdogu Murat Kavak.

Ukrainian authorities started corporatization of Energoatom

The Cabinet of Ministers at a meeting supported a decision that gives start to the procedure of transforming the state-owned company NAEK Energoatom into a joint stock company, the government portal reported with reference to Prime Minister Denis Shmygal on Tuesday.

“Energoatom is one of the largest operators of nuclear power plants in Europe, the company is strategically important for the energy security of the state. We`re bringing it in conformity with international standards of corporate management. At the same time the state retains 100% ownership of the plant,” he said.

According to Prime Minister, eventually it will increase the efficiency of management, will attract additional funds for implementation of new projects and will strengthen energy independence.

As reported, the Verkhovna Rada of Ukraine on February 6, 2023, supported the draft law 8067 on corporatization of the state-owned enterprise Energoatom, which provides for the transformation of Energoatom from a state-owned enterprise into a joint stock company with 100% state-owned shares.

Energoatom’s corporatization is envisaged by the loan agreement between the company and the European Bank for Reconstruction and Development (EBRD) and the guarantee agreement “Complex Generalized Safety Upgrade Program for Nuclear Power Plants,” ratified by the Supreme Council.

“Energoatom is the operator of all four operating nuclear power plants in Ukraine. It operates the Zaporizhzhya, South Ukraine, Rivne and Khmelnitsky plants, with 15 power units equipped with water-water power reactors, with a total installed electric capacity of 13.8 GW.

Civilian casualties since February 24, 2022 are at least 8,709 – UN

Civilian casualties from February 24, 2022, after Russia launched a full-scale war against Ukraine, to May 1, 2023, totaled 23,375 (23,015 as of April 24), including 8,709 deaths (8,574), the UN Office of the High Commissioner for Human Rights (OHCHR) said Tuesday.

“OHCHR believes that the real number of civilian deaths or injuries is significantly higher, as many reports from places where such cases have occurred still require further confirmation, while information from some places where fighting is ongoing is delayed,” the paper noted regarding the UN data.

This is the case, for example, in such locations as Mariupol (Donetsk region), Lysychansk, Popasna and Severodonetsk (Luhansk region), where numerous civilian deaths or injuries have been reported.

According to confirmed UN data, 3,933 men, 2,341 women, 270 boys and 214 girls were killed, while the gender of 31 children and 1,920 adults could not yet be determined.

Among the 14,666 wounded, 431 were boys and 304 girls, and 278 children whose sex could not yet be determined.

Compared to April 24, nine children were killed and 14 more were wounded.

Whereas the OHCHR casualty report used to be issued daily, and then only on weekdays, it has become a weekly report since July. This report, like the previous one, provides data by month.

According to them, the number of deaths in April was 169, compared with 181 in March, 141 in February, 198 in January, 206 in December and 186 in November.

March remains the deadliest month for civilians, according to the UN, with at least 4,094 deaths. In April, according to an OHCHR publication, the number of civilian deaths due to the war dropped to 798, in May to 534, in June to 426 and in July to 379. In the first five days of the war from February 24-28, 362 people died, in August 336, in September 393 and in October 305.

The number of wounded for April reached 496, compared with 592 in March, 458 in February, 539 in January, 617 in December, and 541 in November. In October, the number of wounded dropped to 795 from 981 in September, when it was up from 917 in August. Before that the number of wounded exceeded a thousand each month: July – 1130, June – 1105, May – 1138, April – 1890, March – 2987. In the first five days of the war last February 465 people were wounded.

According to the report, in April of this year, large-area explosive weapons killed 165 people and wounded another 456, while mines and explosive remnants of war killed four people and wounded four (7% of total casualties).

Government-controlled territories accounted for 84 percent of the casualties in April, according to the UN.

The summary traditionally states that the increase in numbers to the previous summary should not be attributed solely to cases after April 24, as the Office verified some cases from previous days during that period.

“Ukrenergo” reported on the modernization of the 400 kV power line between Ukraine and Poland

The powerful interstate power transmission line between Poland and Ukraine modernized by NEC Ukrenergo together with Polish transmission system operator PSE has successfully passed a three-day test since April 27, the NEC said.

According to Ukrenergo, the total cost of the project amounted to 350 million UAH, in addition, about 1 thousand tons of necessary equipment was provided for free by Polish partners.

The company explained that the bulk of the work was done in this node, so that the electricity produced by the Ukrainian power system could be converted to the European voltage of 400 kV and transmitted to Europe.

“It was a complex but mutually beneficial project that we implemented in cooperation with our European colleagues. It is important both for Ukraine and the energy security of Europe,” commented Volodymyr Kudrytsky, chairman of the board of Ukrenergo, as quoted in the company’s Telegram feed on Tuesday.

According to him, the line will strengthen links between the Ukrainian and European energy systems, constituting an additional element of European energy security and contributing to the development of a stable energy network in Ukraine.

“If the needs are different, we will be able to import electricity from Europe,” Kudritsky said.

The NEC added that the total length of the line is almost 400 km, more than 70% of which runs through Ukraine. The line is connected to the backbone network through an open switchgear on one of the Ukrainian power facilities. On the construction of the facility from the Ukrainian side for five months during the war worked 125 specialists – 45 employees of “Ukrenergo” and 80 contractors.

At the same time, Polish operator PSE on its auction platform on Tuesday announced a one-month auction to allocate available cross-section capacity on the Rzeszow-Khmelnitsky line for delivery from May 15-31. The capacity offered in the auction is 200 MW for exports from Ukraine and 350 MW for imports from Poland. Under the auction terms, bids from bidders will be accepted until May 8 at 16:00, with the results to be announced by the same time on May 10. Since NEC Ukrenergo during the war can only conduct daily auctions according to the requirements of ENTSO-E, it has to conduct them two days before the delivery day, i.e. the first can be expected on May 13 for the same capacity to be distributed by the Polish operator.

At the same time, the market notes that for the first week of May, Ukrenergo does not distribute cross-section capacity on the Dobrotvir-Zamosc line, through which DTEK Zakhidenergo exports 75MW hourly to Poland, due to a number of holidays in this country and the failure to hold auctions by the Polish operator.

As reported, the reconstructed 400 kV line between KNPP and Rzeszow was scheduled to be put into operation at the end of April. Reconstruction of the 750 kV Khmelnitsky NPP (KNPP) – Rzeszow line, which has not been in operation since the 1990s, provided for its transfer to the 400 kV voltage used in the European grid. Its launch allows for a 25-30% increase in Ukrainian export potential. The line will operate in synchronous mode, i.e. all participants of the Ukrainian and European markets will have access to it.

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Ukraine has a general registry of missing persons

The unified registry of missing persons was launched on Tuesday, May 2, the Ministry of Reintegration of the temporarily occupied territories of Ukraine said.

“Starting today, data on missing persons will be entered into the unified register of missing persons. The register was developed by the Ministry of Internal Affairs together with the Commissioner for Missing Persons and other agencies,” the press service of the Ministry of Reintegration said in a statement on Tuesday.

It is noted that the registry will collect and centralize data on missing persons: Full name of the person, place and date of birth, marital status, place of residence, territory where the disappearance occurred, circumstances and time of disappearance, signs of the disappeared.

The registry will also include information on the presence or absence of a court decision to declare a person missing or declared dead, as well as other data used to ensure the registration of persons.

We remind that earlier editors and publishers of major Ukrainian media launched a project to find missing civilians – “Find the loved ones”. The project was designed to search for loved ones during the most difficult days of the war.

The initiator and coordinator of the project “Find your loved ones” is the deputy head of the news agency “Interfax-Ukraine” and publisher of the project Open4Business Maxim Urakin.

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