Business news from Ukraine

Business news from Ukraine

The Cabinet of Ministers has approved program for partial compensation of farmers for purchase of Ukrainian-made agricultural machinery.

The Cabinet of Ministers of Ukraine has approved the procedure for the use of funds for partial compensation to agrarians for the purchase of agricultural machinery of domestic production, Prime Minister Denis Shmygal said.

“This year we allocate UAH 1 billion for the program of partial compensation to agrarians who buy agricultural machinery of our Ukrainian production. We will compensate 25% of the cost. We approve today the appropriate procedure for the use of funds and improve some elements of this program,” Shmygal said at a government meeting on Friday.

Ot noted that according to the estimates of the Ministry of Economy, the program will allow to double the share of domestic agricultural machinery in the domestic market.

“Imports will decrease by about 10%. Re-equipment of 4.5 thousand producers will take place. About 1 thousand additional jobs will be created, which in turn will give more taxes to the budget,” – said Prime Minister.

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Ukrainian President came on visit to Istanbul

Volodymyr Zelensky has arrived in Istanbul to meet with Turkish head of state Recep Tayyip Erdogan.

The airplane with the Ukrainian leader and his accompanying delegation on board landed at Ataturk Airport, Turkish media reported.

As part of the visit of the Ukrainian delegation, Zelensky will meet with President Erdogan. A joint statement of the two leaders is expected to be signed following the talks.

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National Bank of Ukraine has fined SK “Premier Garant Profi”.

The National Bank of Ukraine (NBU) fined ODO SK “Premier Garant Profi” in the amount of UAH 595 thousand for violation of requirements in the field of financial monitoring.

As reported on the website of the regulator, the fine was imposed for improper performance by the institution of duties in full to submit to the requests of the National Bank reliable information, documents, copies, extracts from documents relating to the implementation of the institution of the requirements of the legislation in the field of prevention and counteraction to legalization (laundering) of proceeds of crime, financing of terrorism and financing the proliferation of weapons of mass destruction.

In addition, the fine was imposed for violation in terms of non-compliance of the institution with the requirements of the content of contracts concluded with agents, as well as in terms of the company’s failure to take measures to obtain the permission of the head of the institution to establish business relations in respect of clients whose ultimate beneficial owner is a politically exposed person.

As reported, earlier in January this year, the NBU has already fined SK “Premier Garant Profi” in the amount of UAH 51 thousand for violation of requirements in the field of financial monitoring.

IC “Premier Garant Profi” was registered in 2011. Specializes in risk insurance. According to the company’s data, its shareholder is Elena Ermolova owns 99.99% of the company indirectly through LLC “Alpha Lex LTD”.

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Extended access to Kyivstar TV and selection of films inspired by women’s achievements

From March 7 to March 10, 2024, Kyivstar TV will provide access to the platform’s content at no extra charge so that Ukrainians can legally watch their favorite movies, TV series, cartoons and shows. The platform has also prepared a selection of films that once again showcase the achievements of women in various fields and raise acute social issues.

Free access to the film and TV platform* will be available to all users, regardless of whether they are new to Kyivstar TV or already active users. It also does not matter what mobile operator or Internet provider the viewer uses. To get access to Kyivstar TV, new users simply need to log in to the platform with their phone number.

Today, the platform offers more than 20,000 movies, series, cartoons and shows and 400 TV channels. Kyivstar TV also has many important Ukrainian films in its VOD library, including those nominated for international film awards. The platform also offers movies from such well-known film companies as Warner Bros., Disney, and Paramount. And in 2024, the video library will be replenished with films and TV series from new world-famous studios.

Films on Kyivstar TV about inspiring women

“Barbie is still in the top of the most popular films of 2023. The director Greta Gerwig combines the issues of sexualization, feminism, patriarchy, trends, depression, imitation of perfection and debunking myths about it, about finding yourself in this world!

“Hidden Figures is an incredible, hitherto untold story of Katherine Johnson, Dorothy Vaughan and Mary Jackson, brilliant African-American women who worked at NASA and made scientific calculations for one of the greatest operations in history – the launch of astronaut John Glenn into orbit. It was a remarkable achievement that revived American national pride, changed the balance of power in the Space Race, and excited the world.

“Coco to Chanel is a film biography about the legendary personality – designer Coco Chanel. The plot focuses on the time when she was not yet a famous trendsetter who dressed a woman in a man’s suit and a little black dress and was called Gabrielle Chanel.

More movies on Kyivstar TV Telegram channel

* The offer does not apply to the content of the “Purchase” category. We remind you that pay-per-view content is a requirement of copyright holders, so you can find paid content on all OTT services.

Kyivstar TV is a joint project of 1+1 media and Kyivstar, founded on December 11, 2019. It is a film and television platform that provides users with access to hundreds of thousands of hours of domestic and foreign content, live programs, and regularly offers exclusive pre-premiere screenings of projects. The platform has more than 400 TV channels and a VOD library of 20 thousand movies, TV series, cartoons and shows.

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External financing of the state budget as of June 14, 2023, USD bln

External financing of the state budget as of June 14, 2023, USD bln

Source: Open4Business.com.ua and experts.news

Investment potential of Bukovyna will be demonstrated in Chernivtsi at FIT for Ukraine industry forum

On April 12, UkraineInvest, in partnership with the Chernivtsi Regional Military Administration, will hold the ninth in the series of FIT for Ukraine Forum: Fruit and Vegetable Processing in Chernivtsi. The event will present analytical materials on the state of the sector in the region, investment opportunities, and government incentives for investment projects. The event will be held offline, but everyone will be able to join the live broadcast.

Key topics include:
● attracting investment in fruit and vegetable processing
investment policy, analytics and prospects for the region’s development
● creation of a cluster of fruit and vegetable producers
● experience of investors working in Chernivtsi region.

The forum will also include an EXPO zone where companies will have the opportunity to present their products and services, which will become an effective tool for promoting goods and services to foreign markets and a platform for establishing mutually beneficial contacts between potential business partners.

Currently, about 200 companies with foreign capital from 28 countries operate in Chernivtsi region. Bukovyna ranks 1st in terms of fruit and berry production and yield in Ukraine. To support small producers and the industry as a whole, there is a need to establish fruit and berry harvesting and processing facilities in the agglomeration. This will make it possible to form large batches of products, process them and sell them, expanding the market, including to EU countries.

Program:
https://docs.google.com/document/d/1fnsHWARGP4c05aSdypo7Mux3QoTeznDzzWGGs8vARZA/edit?fbclid=IwAR1alkoHnuHknaLglR-zJPq6rQSek6oPISUx3j2g8Y8Av0pHA814aflzWd4

Registration for online viewing:
https://forms.gle/ggfKX4DSije5h2ueA

Media accreditation is required and runs until 18:00 on April 11. Contact person: Nazariy Volyansky, tel. +380630231193, e-mail: nazarii.volianskyi@ukraineinvest.gov.ua
For reference: UkraineInvest is a government office for attracting and supporting investment in Ukraine, which has been a state institution since 2018. The main priorities of the team are to attract and support investment in Ukraine. FIT for Ukraine is a series of sectoral analytical events for investors interested in rebuilding Ukraine. The platform promotes investment opportunities for Ukraine’s economic transformation.

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