The European Union’s Creative Europe program will continue to support Ukraine’s culture and creative industries sector in 2025, the Ministry of Culture and Strategic Communications reports.
“Ukrainian audiovisual projects have the opportunity to take full part in the competitions of the Media subprogram, which aims to support the European film and audiovisual industries and to develop, distribute and promote European works, taking into account the modern digital environment,” the ministry said in a statement.
It is noted that six such competitions have been announced, namely: European co-development; video game and immersive content development; television and online content; talent and skills development; 360° media; innovative tools and business models.
According to the announcement, grant applications can be submitted from October 1, 2024.
“The total amount of funding for projects that will receive grants under the above competitions is EUR 81.5 million. The total budget of the EU’s Creative Europe program in accordance with the Annual Work Program 2025 is EUR 340 million,” the agency added.
Quotes of interbank currency market of Ukraine (UAH for €1, in 01.06.2024-30.06.2024)
Open4Business.com.ua
The price of gold hit a record on Thursday, while silver rose to a 12-year high on increased expectations of active monetary easing by the Federal Reserve.
Gold futures on the Comex exchange climbed to $2707.9 an ounce during trading.
Silver on the spot market rose 2.8% to $32.71 an ounce, a record since December 2012.
Since the beginning of the year, silver has gained 34% in price, demonstrating the best dynamics among commodities. Gold has risen by almost 30% since the beginning of the year.
The precious metals are supported by expectations of rate cuts by the world’s leading central banks. Traders see about 62% probability of another Fed rate cut, by 50 basis points in November.
The media also write that gold was rising in price in anticipation of the speech of the head of the Federal Reserve Jerome Powell at the opening of the 10th annual conference of the FRB New York, dedicated to the U.S. government bond market. However, in his speech he limited himself to formal greetings to the participants and did not touch upon monetary policy issues.
Ukrainian Foreign Minister Andriy Sibiga met with his counterpart the Chinese Foreign Minister to discuss the development of bilateral relations and trade.
“Together with Andriy Yermak met with Chinese Foreign Minister Wang Yi. Thanked China for supporting the sovereignty and territorial integrity of Ukraine,” he wrote in social network X on Thursday night.
According to Sibiga, the sides focused on the next steps to develop bilateral relations and trade. They also discussed prospects for further contacts.
Sibiga said they briefed on Ukraine’s efforts to implement the Formula for Peace and exchanged views on the principles of achieving a comprehensive, just and lasting peace for Ukraine based on the UN Charter.
Quotes of interbank currency market of Ukraine (UAH for $1, in 01.06.2024-30.06.2024)
Open4Business.com.ua
September 24, 2024, Kyiv – As part of the Access2Finance conference, after the panel discussion “Sources of Financing for Small and Medium-Sized Businesses (SMEs)”, an important event took place – the signing of a memorandum of cooperation between the Ukrainian Association of Fintech and Innovation Companies (UAFIC) and the Entrepreneurship Development Fund.
The memorandum was signed by Rostyslav Dyuk, Chairman of the Board of UAFIC, and Viktor Katrenych, Deputy Chairman of the Board of the Entrepreneurship Development Fund. The purpose of the agreement is to strengthen cooperation between the organizations to support regional economic development and strengthen the position of small and medium-sized enterprises (SMEs) in Ukraine.
The memorandum pays special attention to supporting veteran and women-owned businesses, which is one of the key aspects of social responsibility. The parties also intend to promote the implementation of the principles of sustainable development and ESG (environmental, social and governance criteria), which are important for ensuring sustainable economic growth and increasing the competitiveness of Ukrainian entrepreneurs.
The parties agreed on joint initiatives aimed at increasing SMEs’ access to finance, promoting regional economic activity, and introducing the latest technological solutions for business development.
“The signing of this memorandum is an important step for UAFIC towards expanding opportunities for small and medium-sized enterprises in Ukraine. It is important that as part of our cooperation we will focus on supporting veteran and women-owned businesses, which are the basis for creating a more inclusive and sustainable economy. In addition, the implementation of ESG principles will be a key aspect for increasing the competitiveness of Ukrainian enterprises,” said Rostyslav Dyuk, Chairman of the UAFIC Board.
“For the Fund, the top priority is to support Ukrainian business, especially in such difficult times. In addition, this is exactly the period when it is necessary to involve businesses in the implementation of ESG standards and further develop in this direction for the successful implementation of economic activities. That is why we are pleased to sign a memorandum with UAFIC to jointly support entrepreneurs in our country,” said Viktor Katrenych, Deputy Chairman of the Board of Ford Entrepreneurship Development.
The signing of this memorandum is an important step in strengthening Ukraine’s economy, improving the business climate and supporting entrepreneurship that meets the principles of sustainable development.
The memorandum was signed at the Access2Finance conference, which was supported by the USAID Project Investing for Business Sustainability.
COOPERATION, Entrepreneurship Development Fund, FINTECH, MEMORANDUM
