Business news from Ukraine

Business news from Ukraine

Antonov State Enterprise has announced tender for civil aviation and liability insurance with budget of EUR 5.6 mln

State Enterprise Antonov (Kyiv) announced a tender for mandatory aviation insurance services for civil aviation on May 31.

Namely for civil aviation risk insurance services (under insurance classes 1, 5, 11): aircraft insurance, aviation carrier’s liability insurance for damage caused to passengers, baggage, cargo and mail; liability insurance of commercial civil aircraft operator for damage caused to third parties.

As well as insurance of the liability of developers, manufacturers of civil aviation equipment, maintenance organizations authorized to conduct test flights for damage caused to third parties; insurance of the liability of an educational institution in the performance of training flights for damage caused to third parties. Insurance of aircraft crew members and other aviation personnel; insurance of persons who have the right to be on board an aircraft on legal grounds without purchasing tickets; insurance of employees of the customer of aviation works, employees of other organizations involved in the performance of aviation works, and persons ensuring the technological process during the performance of aviation works.

According to the message on the website of the Ukrainian Universal Exchange, the expected cost of the purchase of insurance services is UAH 5.607 million, the cost of submitting a bid is UAH 4.08 thousand.

Documents are accepted until 17:00 on June 7.

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S&P has affirmed Uzbekistan’s long-term sovereign credit rating at “BB-/B” level

International rating agency S&P Global Ratings has affirmed Uzbekistan’s long-term sovereign credit rating at “BB-” with “stable” outlook, the agency said in a statement.

The short-term credit rating was affirmed at “B”.

According to the agency, at the next stage of reforms implemented in Uzbekistan, the new tariff policy aimed at ensuring energy security and efficiency, and the reduction of budget subsidies deserve special attention.

S&P notes that the “Uzbekistan – 2030” strategy attracts investments in transport, telecommunications, agriculture, tourism and other sectors, reforms the energy sector, privatization and improvement of fiscal policy.

Thanks to investments in electricity and gas production, green energy and mining, as well as reforms aimed at creating a market economy, S&P forecasts Uzbekistan’s GDP growth to average above 5% per year in 2024-2027.

According to S&P estimates, gradual reduction of the budget deficit will be achieved starting from 2024 by increasing the targeting of subsidies and social spending and abolishing some tax exemptions.

The report also notes that the law “On State Debt” sets the upper limit of state debt and there are annual limits on newly attracted foreign debt.

According to the agency’s report, Uzbekistan’s sovereign credit rating may be upgraded and the outlook may be improved if reforms lead to higher-than-expected economic growth in the medium term and have a positive impact on the sector’s fiscal and external indicators.

Factors downgrading the country’s credit rating are the rapid growth of the country’s total external debt, increased fiscal and balance of payments risks due to failure to achieve the expected results of projects financed by external loans.

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Norway has tightened protection rules for refugees from Ukraine

Ukrainians who had a permit for temporary collective protection from war in Norway, but whose permit was revoked or not renewed, cannot subsequently obtain it again.

The corresponding tightening to the protection rules was adopted by the Norwegian Ministry of Justice and Public Safety on May 31, according to a press release from the agency.

“Norway spends a lot of money on accelerated processing and resettlement of Ukrainian asylum seekers under a special scheme. The Center Party and the Labor Party in the government think it is wrong that asylum seekers who have voluntarily returned or have broken the rules should receive special treatment again,” Norwegian Justice and Public Safety Minister Emilie Enger Mehl said.

According to the Directorate of Immigration, about 2,000 Ukrainians with temporary collective protection have not received an extension of their one-year residence permit in Norway. In many cases, these are people who have moved back to Ukraine or other European countries. These people will no longer be able to receive collective protection in Norway if they apply for it again; instead, they will be referred to the normal individual asylum procedure.

The Minister also does not rule out the possibility of further tightening the rules for temporary collective protection in Norway.

“Immigration must be sustainable. We are therefore considering further tightening of the temporary collective protection scheme,” Mel indicated.

As reported, on March 11, 2022, the Norwegian government introduced a temporary collective protection scheme for displaced persons from Ukraine. This scheme means that those covered by it are granted a residence permit under a simplified procedure and without individual assessment.

According to Eurostat, at the end of March this year, Norway had 70.69 thousand citizens with temporary protection status from the war in Ukraine, compared to 52.61 thousand at the end of August 2023 and 66.94 thousand at the end of 2023.

A total of 4 million 211.5 thousand citizens of non-EU countries who left Ukraine as a result of the Russian invasion on February 24, 2022 had temporary protection status in the EU countries as of March 31, 2024. Ukrainian citizens accounted for more than 98% of temporary protection beneficiaries.

According to Eurostat data, at the end of March 2024, the main EU countries that received temporary protection beneficiaries from Ukraine were Germany (1 million 301.79 thousand people; 30.9% of the total), Poland (955.52 thousand people; 22.7%) and the Czech Republic (364.38 thousand people; 8.7%). The combined share of these three countries is 62.3%.

Source: https://www.regjeringen.no/no/aktuelt/ytterligere-innstramninger-i-ordningen-med-kollektiv-beskyttelse-for-fordrevne-fra-ukraina/id3041348/

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Mexico is electing president and members of parliament

Three candidates are vying for the position of head of state in presidential elections being held in Mexico on Sunday, the Associated Press reported.

The incumbent president Andres Manuel Lopez Obrador is not taking part in the election, while Claudia Sheinbaum, who is favored by many observers to win, is running on behalf of his National Revival Movement party.

Sheinbaum’s rivals are Sochitl Galvez of the opposition center-right bloc “Strength and Heart for Mexico” and former member of the lower house of the Mexican parliament Jorge Alvarez of the “Citizens’ Movement” party.

Observers, paying attention to the trio of candidates, note the high probability that the new president of Mexico for the first time could be a woman.

Mexico’s president is elected for a six-year term.

In addition to the presidential elections on Sunday, Mexico is holding parliamentary elections, as well as local elections, including the mayor of the capital Mexico City and governors of eight states.
Earlier Experts Club analytical center presented analytical material about the most important elections in the countries of the world in 2024, elections in Mexico were among the top 5 most important elections in the world in 2024, more video analysis is available here – https://youtu.be/73DB0GbJy4M?si=eGb95W02MgF6KzXU.

Subscribe to Experts Club YouTube channel here – https://www.youtube.com/@ExpertsClub

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Thunderstorms in Carpathians on Monday

On Monday, June 3, at night in most northern, central, Kharkiv regions, in the Carpathian region in the afternoon in some places short-term rains, thunderstorms; in the rest of Ukraine without precipitation, reports Ukrhydrometcenter.

The wind is south-western, 5-10 m/s.

The temperature at night 13-18°, in the west of the country 10-15°; during the day 27-32°, in the western, northern, Vinnitsa regions and on the seashore 23-28°.

In Kiev on Monday night in places short-term rain, thunderstorms, in the afternoon without precipitation. The wind is south-western, 5-10 m/s. The temperature at night is 16-18°, during the day 25-27°.

According to the Central Geophysical Observatory of Boris Sreznevsky in Kiev on June 3, the highest daytime temperature was 32.7° in 1901, the lowest nighttime temperature was 3.0° in 1918.

Tuesday, June 4, in Ukraine, except for the southeast, short rains with thunderstorms, hail in some areas during the day, only at night on the left bank of the country without precipitation.

The wind is south-western with a transition to south-eastern, 7-12 m/s, gusty during thunderstorms.

The temperature in the western regions at night 10-15°, in the afternoon 20-25°; in the rest of the territory at night 14-19°, in the afternoon 27-32°, in the northern regions 23-28°.

In Kiev on Tuesday afternoon moderate, at night light short-term rain with thunderstorms, hail in some areas in the afternoon. The wind is southwesterly with transition to southeastern, 7-12 m/s, gusty during thunderstorms. The temperature at night is 16-18°; during the day 26-28°.

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Spain’s Real Madrid have won UEFA Champions League men’s soccer competition

Spain’s Real Madrid won the UEFA Men’s Football Champions League 2023/24 season by beating Germany’s Borussia Dortmund 2-0 in the final match, reports “Suspilnoe. Sport”.

It is noted that this was the first face-to-face final for these two teams and their first official meeting since 2017. “Real” made it to the final without losing a single match in the Champions League season, including in the playoffs. Borussia Dortmund, meanwhile, reached the decisive match for the trophy for the third time.

“Both goals in the match were scored after the break. The victory gave Real Madrid the 15th Champions League trophy in the club’s history – a record for any club. In second place in the number of trophies goes “Milan” – 7 victories in the Champions League”, – emphasized in the message.

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