Business news from Ukraine

Business news from Ukraine

Andriy Yermak held meeting with Mike Pompeo

Head of the Office of the President of Ukraine Andriy Yermak held a meeting with the recently independent member of the supervisory board of Kyivstar, former U.S. Secretary of State and ex-CIA chief Mike Pompeo, who arrived in Kiev, the press service of the Office of the Head of State said on Friday evening.

It is noted that Yermak thanked the President of the United States, both houses and parties of the United States Congress and the entire American society for the strong support of Ukraine. He also expressed hope for the continuation of US support, because it is based on common democratic values and respect for international law, which the Ukrainian people defend.

The head of the Office of the President noted the need to send a clear signal to Russia that by its aggression it cannot violate the sovereignty of independent states and determine the fate of other free nations.

Pompeo noted after joining Kyivstar’s nabsociety board that talking about its nationalization would be a step backward because Ukraine will need a huge amount of private sector investment, foreign direct investment, and support from Europe and the private sector in the United States to overcome the effects of the war.

“If property rights, including those of shareholders in the United States, are not protected and companies that benefit the Ukrainian people are not preserved, it would be a strategic mistake for Ukraine and would make rebuilding Ukraine and supporting that country in the years ahead much more difficult and expensive and capital flows much more limited,” the former U.S. secretary of state emphasized.

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Polish agriculture minister announces strengthening of control on border with Ukraine

Polish Agriculture Minister Czeslaw Sekierski announced the strengthening of control and intensification of inspections on the border with Ukraine, the press service of the agency said.

“Excessive imports of agricultural products from Ukraine, which do not meet EU production requirements, threaten the competitiveness of Polish agriculture,” the Polish Ministry of Agriculture and Rural Development said in a message published on social network X on Sunday.

At the same time, Poland’s Deputy Agriculture Minister Michal Kolodziejczak said he would carry out checks at the border crossing at the Jagodin-Dorogusk border crossing on Sunday, while on Saturday he carried out controls at the border in Grubieszów.

“Today’s border control is the result of specific instructions: zero tolerance for any violations. I will stand for Polish farmers and Polish food production. No one will have any doubts that our market is well protected,” Kolodziejczak was quoted as saying by Polish radio RMF24.

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Ukrainian corporation Biosphere wants to buy major distributor of household and hygiene products

Biosphere Corporation, Ukraine’s largest manufacturer and distributor of household and hygiene products, may acquire Service Pro LLC (Dnipro), which called itself the largest distributor of household and hygiene products in Ukraine in its 2020 report.

According to the Antimonopoly Committee of Ukraine on its website, it has granted Biosphere permission to purchase over 50% in the capital of Service Pro LLC.

According to Opendatabot data, the ultimate beneficial owner of the LLC with authorized capital is Tetyana Korotash. The company in 2022 reduced its revenue by 33.9% to UAH 2 billion 14.02 million, and its net loss amounted to UAH 21.60 million compared to UAH 103.87 million net profit a year earlier. The LLC had assets of UAH 1.18 billion at the end of 2022.

In the report for 2020, when revenue amounted to UAH 2 billion 712.20 million and net profit of UAH 153.78 million, Service Pro indicated that it represented three main business lines: household goods – the largest selection of products for cleaning in and outside the house, for cooking; personal care products – wet wipes, cotton hygiene products, cosmetic products, intimate hygiene products, paper products and decor; and products for professional use.

In the assortment range of the enterprise there were almost 1000 items of goods, sold both in Ukraine and exported to 30 countries of the world.

“Our ambition is to become the largest manufacturer and distributor of household and hygiene products in Europe, as well as in the perspective of 5 years to enter the markets of North and South America”, – stated then “Service Pro”.

Biosphere Corporation has been operating in Ukraine for more than 25 years. Its products are represented on the markets of 30 countries in Europe and Asia. The product portfolio includes more than 2 thousand items under 13 trademarks “Freken Bok”, Smile, Selpak, Vortex, Novita, PRO service, “LayKit”, Bambik and others.

The corporation’s capacities are represented by four plants with a total production area of 35 thousand square meters in Dnepropetrovsk, Kiev and Khmelnitsky regions, open production in Ternopil, as well as logistics complexes with an area of 30 thousand square meters. m.

The KPD plant in Dnipro, the largest production and logistics complex of the corporation with an area of 34 thousand square meters, produces garbage bags and wet wipes.

Together with the French Groupe Lemoine, Biosphere also owns a plant in Estonia for the production of cotton products with an area of 8.5 thousand sq. m. ADB

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Financing state budget deficit, bln UAH

Financing state budget deficit, bln UAH

Source: Open4Business.com.ua and experts.newsC

42 professions have been added to list of officially recognized professions in Ukraine

The list of officially recognized professions in Ukraine has been updated by 42 positions, of which 29 are in the field of information technology, the Ministry of Economy said on Friday.

“We update the list of professions in accordance with the requirements of the time and the needs of the labor market. The most changes are in the IT sphere, where 29 new professions will appear, meeting the realities and demanded by employers. Also new professions are now in the medical sphere, financial sphere”, – the report quotes the words of Deputy Minister Tatyana Berezhnaya.

She also noted that professions were added, in which there was a need in connection with the war and overcoming its consequences, in particular, now there are specialists in mine clearance, in the medical sector – prosthetists-orthotists.

It is specified that the 29 new professions proposed by the Ministry of Digital Transformation included, among others: web resource administrator, mobile application analyst, artificial intelligence engineer, artificial intelligence developer, software architecture developer (IT), cloud architecture developer, electronic communications security specialist.

It is indicated that nine professions in IT sphere are brought in line with modern technologies, in particular, “computer databank analyst” is changed to “data analyst”, “operating and application software analyst” to “software analyst”, “computer software engineer” to “software engineer”, etc.

At the same time, nine obsolete names of professions were removed from the Classifier, for example, “application programmer”, “system programmer”, “computer application engineer”, “software and multimedia analyst”.

In addition, a number of positions that have recently become urgently needed have been added, in particular: prosthetist-orthhetist, operator of the 112 service (providing emergency assistance to the population through a single telephone number on the principle of “single window”), duty officer of the Civil Protection Operational Rescue Service, instructor in spatial orientation and mobility, demining specialist, auditor by type of activity, financial analyst, operator of shot blasting machines, as well as a master of installation, maintenance, repair and debugging, and also a master of the “single window”, “computer engineer”, “computer engineer”, “computer application engineer”, “computer application engineer”, “computer application engineer”, “software and multimedia analyst”, “software and multimedia analyst”, “computer application engineer”, “software and multimedia analyst”.

To date, 9,172 occupational job titles have been registered in the Classifier of Occupations. They (professions, positions, occupations) are systematized into professional groups, depending on the nature, complexity of the work performed, qualification (level of education, specialization), according to the hierarchy of the International Standard Classification of Occupations (International Standard Classification of ).

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Ukrainian and foreign businesses willing to invest more than EUR12 mln will receive tax benefits, Prime Minister Denys Shmygal has said.

Ukrainian and foreign business, ready to invest more than EUR12 mln, will receive tax benefits, regulatory relief and support at the level of project implementation, Prime Minister Denys Shmygal said.

“Actually one of the key tasks in the economic sphere for this year is to increase foreign investment in Ukraine. For this purpose we are working with partners. For this purpose insurance of military risks has been launched. We constantly improve conditions for investment projects. Today we will adopt a decree improving the mechanism of state support for large investment projects,” Shmygal said at a government meeting on Friday.

According to him, Ukrainian and foreign business, which is ready to invest more than EUR12 million and create new jobs, will receive maximum support and special conditions, in particular, tax benefits, regulatory relief, and support at the level of project implementation.

“Today’s decree concerns a new approach to the preparation of a feasibility study of an investment project. We remove and simplify a number of provisions, including the necessity of economic analysis, the revision of the social assessment of projects, as well as we weaken the requirements of financial solvency of the applicant,” Prime Minister said.

Shmygal emphasized that all these decisions have a single goal – to launch more investment projects, which will create more jobs and strengthen communities and the economy.

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