Business news from Ukraine

Business news from Ukraine

Ukrainian parliament legalizes medical cannabis

The Verkhovna Rada has legalized medical cannabis and made it possible to use medical preparations containing cannabis (Cannabis) for the treatment of cancer and post-traumatic stress disorder. For the bill № 7457 on regulating the circulation of plants of the genus of hemp (Cannabis) for medical, industrial purposes, scientific and scientific-technical activities to create conditions for expanding access to patients to the necessary treatment of cancer and post-traumatic stress disorder, received as a result of wars, voted as a whole 248 people’s deputies at the plenary session of the Verkhovna Rada on Thursday.

The bill creates regulatory conditions for the legal limited circulation and use of cannabis, its resin, extracts and tinctures for medical, industrial purposes, scientific and scientific-technical activities.

The law comes into force six months after its promulgation.

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Ukraine has received 1.5 bln euros of macrofinancial aid from the European Union

Ukraine has received 1.5 billion euros of macro-financial aid from the European Union, Prime Minister Denis Shmygal said.

“Thus, the total budgetary support from the European Union this year reached 18 billion euros. These funds help us to maintain economic sustainability and fulfill social obligations,” Shmygal wrote in his Telegram channel.

He also thanked the EU for the weighty and timely assistance to Ukraine and expressed hope for further support.

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Ukrainian banks again increased their portfolio of government bonds

The portfolio of domestic government bonds (government bonds) of Ukrainian banks increased by UAH 4.355 billion (by 0.7%) – to UAH 632.116 billion, legal entities – by UAH 2.404 billion (by 1.8%) – to UAH 135.172 billion, individuals – by UAH 0.321 billion (by 0.6%) – to UAH 51.515 billion.

According to the NBU, the total portfolio of government bonds increased by UAH 7.087bn (by 0.5%) – to UAH 1554.292bn from UAH 1547.205bn a day earlier, in the ownership of the National Bank and therobschina remained unchanged, non-residents – changed slightly.

The official exchange rate for December 21 – 37.5516 UAH/$1

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Railway section near Medyka in Poland is open for traffic

Movement of trains on the railway station Medyka (Peremyshl direction), stopped due to the derailment of a freight train in Poland, resumed, reports the press service of “Ukrzaliznytsia”.

“The section near Medyka (Poland) is open for traffic, the train №74 “Peremyshl – Kharkiv” has just departed with a delay of 4 hours 30 minutes. Passengers of flight No. 31 “Zaporizhzhya – Peremyshl” are already waiting for buses for transfer to Krakow,” Ukrzaliznytsia’s Telegram channel said on Wednesday evening.

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OTP Bank donated UAH 11 million to Superhumans Center

In December, OTP Bank made a charitable contribution of UAH 11 million to the Superhumans Center. This amount includes UAH 10 million for the creation and provision of personalized wards for the Superhumans Center, as well as UAH 1 million for prosthetics for the center’s patients.

“In this powerful partnership with the Superhumans Center, we are inspired and motivated to seek and find new opportunities to support our heroes. As a result, the patients will receive the necessary rehabilitation, and the center will receive additional equipment,” said Volodymyr Mudryi, CEO of OTP Bank.

The total amount of OTP Bank’s assistance to the Superhumans Center has already amounted to UAH 21 million: in addition to the UAH 11 million just transferred, more than UAH 3 million was raised at a charity auction dedicated to the Independence Day of Ukraine, and OTP Bank added to these funds and transferred another UAH 5 million to the Superhumans Center to create an educational center on its basis. In addition, the bank transfers UAH 1 million to the Superhumans Center’s account on a monthly basis.

“As long as our heroes need support, we will not stop! We urge all our customers and partners to join the bank’s charitable initiatives,” said Lesia Syrota, OTP Bank Retail Sales Director and team leader of the OTP Bank Helps Ukraine project.

Thus, until December 25, OTP Bank is holding a charity Christmas auction, the proceeds from which will also be transferred to the Superhumans Center for prosthetics for defenders who lost their limbs in the war and need comprehensive treatment and rehabilitation. All customers of the bank can take part in the charity auction in the OTP Bank UA app. The full list of lots is available on the website.

We remind you that in September OTP Bank and Superhumans Center signed an agreement on charitable donation for 2023-2024.

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“Kovalska Beton concentrated 100% of S. Kovalska ZZHBK and Darnitsky Zavod ZhBK each

LLC “Kovalska Beton”, a member of industrial and construction group “Kovalska”, has concentrated 100% of the authorized capital of JSC “Darnitsky ZZHBK” and JSC “Svetlana Kovalska Plant of Reinforced Concrete Structures”.

As “Kovalska Beton” reported in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM), the company as a result of the conclusion of sale and purchase agreements concentrated the dominant controlling stake in JSC “Svetlana Kovalska ZZHBK” in the amount of 18 million 331 thousand 256 shares and the dominant controlling stake in JSC “Darnitsky Plant of Reinforced Concrete Structures” in the amount of 86 million 814 thousand 40 shares.

JSC “S. Kovalskaya Plant of Reinforced Concrete Building Materials” was established in 1995 on the basis of the enterprise of the same name. According to its data, production capacity is over 1.4 million cubic meters of concrete mixtures, 120 thousand cubic meters of reinforced concrete products, 300 thousand square meters of shaped paving elements per year.

According to the results of 2022, the net loss of the enterprise increased to UAH 534 mln, net income decreased to UAH 704 mln.

JSC “Darnitsky Plant of Reinforced Concrete” (until 2010 – OJSC) was established in 1996 on the basis of the plant of the same name commissioned in 1951. The plant is one of the largest manufacturers of reinforced concrete products, wall blocks and ready-mix concrete for residential and public construction projects in Kiev, also produces metal products, including specific structures for railroads, bridges, ports and piers.

According to the financial results of the company, its net loss at the end of 2022 amounted to UAH 32 mln, net income – UAH 240.1 mln.

As of the third quarter of 2023, the sole shareholder of both JSCs is “Industrial and Construction Group Kovalska” LLC (100%).

“Kovalskaya Beton” was established in 2022. According to Opendatabot, the founder of the company is PSG Kovalskaya LLC, the ultimate beneficiaries are Alexander and Sergey Pilipenko.

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