Business news from Ukraine

Business news from Ukraine

Ukraine’s Ministry of Finance received $118 million grant from Japan

The Ministry of Finance of Ukraine has received $118 million on a non-refundable basis from Japan under the World Bank’s Health Enhancement and Life Saving (HEAL Ukraine) and Housing Repair for People’s Empowerment (HOPE) projects.

“The raised funds under the HEAL and HOPE projects will help the government to provide its citizens with adequate assistance, in particular, to expand the range of medical services and access to them, as well as to ensure overcoming the consequences caused by Russia’s armed aggression, to restore the housing infrastructure of Ukraine,” Minister Serhiy Marchenko was quoted as saying in the release of the Ministry of Finance on Monday.

It is specified that the attracted grant funding consists of $70 million under the HEAL Ukraine project, aimed at supporting the state budget as a reimbursement of incurred expenses under the Medical Guarantee Program, and $48.2 million – under the HOPE project, the funds of which are used to reimburse state budget expenditures used for compensatory payments to homeowners for repairs in apartment buildings and private houses in need of minor and medium repairs.

As reported, Ukraine received a record $8.9bn in international financial aid in March after only $1.2bn cumulatively in the first two months.

Due to the low external support, international reserves fell by 3.8%, or $1.47 billion, to $37.05 billion in February, after falling by 4.9%, or $1.98 billion hryvnia, in January.

The National Bank had forecast that the latest external inflows would allow international reserves to recover substantially. In January, it lowered their forecast for the end of 2024 to $40.4 billion from $44.7 billion.

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Finnish company has developed concept for deep disposal of radioactive waste for nuclear power plant in Lithuania

Finnish company Posiva Solutions has developed a concept for the construction of a deep disposal facility for the decommissioned Ignalina Nuclear Power Plant (INPP) in Lithuania, the plant said in a statement.

According to INPP Director General Linas Baužys, quoted in the statement, this is an important stage in the construction of  deep burial facility.

“This month we started public consultations with municipalities. From now on, as we continue them, we will have an idea of how the future radioactive waste burial ground will physically look like and what specific measures will be taken to ensure its safety,” Baužis said.

The burial site will be several hundred meters deep. It will be an engineering structure designed to safely isolate radioactive waste. It is planned to be operational in 2068 and its location will be approved by 2047. The concept will be adjusted depending on the progress of the project development.

INPP signed a contract with a Finnish company for the amount of 262 thousand euros in January 2022. According to calculations made at that time, only the construction of of the burial ground will cost 1 billion euros, its use – another 900 million euros.

As reported, INPP was shut down on December 31, 2009, the term of work to stop its operation – until 2038. Lithuania pledged to close the plant upon joining the European Union, which co-finances these works.

The plant is equipped with the world’s most powerful Russian RBMK reactors, built in the 1980s. Work on dismantling the RBMKs is expected to start in 2028. INPP will issue separate tenders for this work.

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Import of goods in 2023 in most important positions to previous 2022

Import of goods in 2023 in most important positions to previous 2022

Source: Open4Business.com.ua and experts.news

Ukrainian President Volodymyr Zelenskyy has indicated 12.4 million UAH of income in his declaration for 2023

The President of Ukraine Volodymyr Zelensky released the declaration of the person authorized to perform the functions of the state or local government on property, income, expenses and financial obligations for 2023.

According to the President’s website, “according to the declaration, the income of the head of state and members of his family amounted to 12 million 423 thousand 008 UAH, including income from the sale of government bonds – 7 million 455 thousand 972 UAH”.

The income of Vladimir Zelensky’s family in 2023 mainly consisted of wages, bank interest and income from the provision of real estate for rent. In total, this amount amounted to UAH 4 million 967 thousand 036.

“The increase in income compared to last year was due to the resumption of rent payments. The cash balance of the head of state’s family by the end of last year decreased by almost 2 million 800 thousand UAH. There were no other significant changes in 2023 in terms of assets, real estate, vehicles, etc.,” – reports the website of the President.

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Mayor of Kiev Vitali Klitschko indicated in declaration for 2023 1 million UAH of income

The mayor of Kiev Vitali Klitschko indicated 1 million 3 thousand 636 UAH of income in the electronic declaration of property and income for 2023.

In particular, in 2023, the salary of the mayor of the Ukrainian capital amounted to his entire income – 1 003 636 UAH. He also indicated in the declaration 338.5 thousand UAH, $35.8 thousand and EUR3 in bank accounts, 209.4 thousand UAH, $52.2 thousand and EUR68.3 thousand in cash, as well as $150 thousand and EUR2.2 million lent to his brother Volodymyr.

Klitschko owns an apartment (251.8 square meters) in Kiev, he is registered in his brother’s apartment (43.6 square meters) in Kiev, as well as owns a vacation home (785.5 square meters) and uses a land plot (2.5 thousand square meters) in Lyutezh, Kiev region (previously owned by his wife).

The mayor also owns a motorcycle Fine custom Puncher 2009, a trailer Ironhorse Widebody 2013 and a car Land Rover Discovery 2013 (previously owned by his wife), as well as free use of three cars: 2 Toyota Sequoia 2021 and Toyota Sequoia 2014, which are rented by his brother.

He also declared: an antique mantel clock (Jacques Murray & Co), 7 men’s wristwatches (2 IWC, 3 Frank Muller, 2 Mont Blanc) and a grand piano (Yamaha).

Among other things, together with his brother, he owns several trademarks: “Klitschko”, “KLICHKO” and “KLITSCHKO”.

According to the declaration, Klitschko owns the corporate rights of two charitable organizations: “Charitable Foundation “Future Kiev” and “Charitable Foundation “Klitschko Foundation”.

As reported, Klitschko declared 1 million UAH of income for 2019, 518 thousand UAH of income for 2020, 646 thousand UAH of income for 2021 and 907.7 thousand UAH of income for 2022.

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There are no schedules of emergency shutdowns in Ukraine – Ministry of Energy

On Friday, emergency shutdown schedules were canceled until the end of the day in all six regions – Dnipropetrovsk, Donetsk, Kirovograd, Poltava, Sumy and Zaporizhzhya, where they were applied during the evening peak load due to grid restrictions and insufficient local generation due to damage to power plants by Russian Federation attacks, the Energy Ministry said.

Its message in Telegram on Saturday notes that as of the morning emergency shutdown schedules are not applied anywhere, and hourly shutdowns are in effect only in Kharkiv region for 120 thousand subscribers, the reason for which is significant damage to the equipment of NEC Ukrenergo by Russian attacks and, as a consequence, the inability to transmit the necessary volume of electricity.

As noted on the air of the telethon “United News” chairman of the Board of “Ukrenergo” Vladimir Kudrytsky, the situation in Kharkiv remains difficult, restoration work continues.

“Today the dispatch center “Ukrenergo” also imposed restrictions in this area. They are less than yesterday, since the weekend, but they remain in place. Also somewhat limited power supply to industry in Dnipropetrovsk region, in particular in Krivoy Rog power hub. In Khmelnitsky and Odessa regions there are no restrictions today”, – described the situation the head of the system operator.

According to the Ministry of Energy, currently there is no electricity deficit in the energy system, it works in a balanced way. It added that yesterday at the request of Poland in the energy system of Ukraine supplied electricity from 12:00 to 15:00 hours.

As a result of the UAV attack on Saturday night, the equipment at one of the substations in Odessa region was disconnected, which left about 70 thousand consumers without light for a short period of time

In addition, in Dnipropetrovsk region, high voltage lines were shut down due to the state of the networks – household consumers, industry, and railroads were left without power supply, where train traffic disruptions were recorded. Within half an hour all consumers were supplied with power.

During the day power engineers have resumed power supply for about 151 thousand consumers, including all those de-energized due to bad weather. In particular, about 18 thousand households, de-energized as a result of unfavorable weather conditions in Kirovograd region, have been restored.

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