Business news from Ukraine

Business news from Ukraine

11 bulkers with foodstuffs leave Ukrainian ports

Eleven bulkers carrying nearly 178,000 tonnes of agricultural products left Ukrainian ports on Thursday after receiving permission from the Joint Coordination Center (JCC).

“The Joint Coordination Center (JCC) reports that eleven vessels left Ukrainian ports today carrying a total of 177,950 metric tonnes of grain and other food products under the Black Sea Grain Initiative,” the center said.

They include six Turkey-bound vessels: the White Star (7,800 tonnes of barley), the Magnolia (6,600 tonnes of sunflower oil), the Hasan G (6,500 tonnes of peas), the Mera (6,300 tonnes of sunflower oil), the Sea Star (4,950 tonnes of wheat), and the Anastasia (3,700 tonnes of wheat), it said.

The Silver Lady vessel is carrying 49,100 tonnes of wheat to Spain, the Falcon S 33,000 tonnes of corn to Romania, the Zhe Hai 505 is heading to Algeria with 28,500 tonnes of wheat on board, the Serenity Ibtihaj is carrying 27,200 tonnes of corn to Israel, and the Umit G is heading to Greece with 4,300 tonnes of wheat aboard.

“Grains that reach a destination may go through processing and be trans-shipped to other countries,” the JCC said.

“As of October 6, the total tonnage of grain and other foodstuffs exported from the three Ukrainian ports is 6,372,498 metric tonnes. A total of 584 voyages (302 inbound and 282 outbound) have been enabled so far,” it said.

, ,

Increase in number of cancer diagnoses expected in Ukraine in post-war period – experts

An increase in the number of oncological diagnoses is expected in Ukraine in the post-war period, which will be caused by insufficient diagnosis during the war.

This opinion was expressed by the participants of the round table held at the Interfax-Ukraine agency on Wednesday and dedicated to the problem of wartime oncology.

“Today, the influence of stress on the onset of cancer has not been proven, but during the war, all chronic diseases, including cancer, are definitely exacerbated. Therefore, we expect an acceleration in the development of cancer. Interruption in treatment and diagnosis leads to the worsening of the situation. The statistics of oncological diseases after our victory, I think, for many will be a big “surprise” in a negative way,” said Kostiantyn Kopchak, the deputy medical director of the Dobrobut network, said.

According to the forecasts of the deputy director for inpatient work of the Kyiv City Clinical Oncology Center, Tamara Hrushynska, the sad statistics on the incidence of oncology will be visible in 1.5 years.

“Some patients did not have the opportunity to receive the necessary medical care during active hostilities, for example, when there was only one family doctor in the whole city or people did not have the opportunity to get to the clinic. I think the sad statistics will appear in a year and a half. We will see that the number of oncological diseases will increase much, unfortunately,” she said.

She noted the number of patients in the Kyiv Oncology Center has not decreased, people traveled from different regions and received help.

For his part, Ivan Klymniuk, the head of the oncology department of the ADONIS clinic, said that almost the entire country had dropped out of the early diagnosis system for at least six months.

“People focused on survival and safety, they did not think about screening and diagnosis. We will see the echoes of the war in the field of oncology a little later, there will be many neglected forms. If earlier the patient could be diagnosed at the first-second stage, which makes it possible to stop the process, then now we will face the fact that cancer will be detected at the third-fourth stage,” he said.

At the same time, he stressed that now all representatives of the oncological service of Ukraine have consolidated and are providing assistance to patients.

The growth of neglected forms of oncological pathologies is also expected by the head of the parliamentary subcommittee on the prevention and control of oncological diseases of the committee of the nation’s health, medical care and medical insurance, Valeriy Zub.

“This is logical, because there were interruptions in treatment, untimely diagnosis and the inability to go to a medical facility. We predict and, unfortunately, we already see: the number of neglected forms of cancer has been growing in most cancer centers even in recent months,” he states.

Zub considers it necessary to reconfigure the work of the oncology service, since it will be necessary to carry out more complicated surgical interventions and apply more complex chemotherapy regimens.

According to him, the working group created in the Ministry of Health will develop proposals for adjusting the development of the oncological service, taking into account the current situation.

“The task is not to return the oncological service to the form in which it was before, but to make it better, in particular making regional oncology centers better,” he said.

, , , , ,

Ukrainian energy trader “ECU”, if necessary, is ready to stop export of electricity

JSC “Energy Company of Ukraine” is ready for any developments in the electricity market, in particular, to stop exports, said Vitaliy Butenko, General Director of the company.
“The situation in the energy sector of Ukraine today remains quite difficult in the context of the war. The company is ready for any scenario, including the cessation of exports,” Butenko said in a comment to the Energoreforma Internet portal on her request.
At the same time, he noted that the strategy of ECU JSC is primarily aimed at working in the domestic market.
“At the same time, we took advantage of the opportunity to export electricity, which made it possible for the state to earn additional profit. For 1.5 months, the income of three state-owned companies from the export activities of ECU amounted to almost UAH 2 billion, and the state’s share in electricity exports to Romania and Slovakia in September reached about 44%,” Butenko emphasized.
Regarding the loan in the amount of UAH 500 million, provided to the company NAEK by Energoatom, Butenko noted that its repayment does not depend on the presence or absence of exports.
“In accordance with our obligations to SE NAEK Energoatom, the state energy trader will repay the loan by the end of this year,” the head of ECU stressed.
As reported, a source of Energy Reform in the government said that from October 10 to October 15, a decision could be made to stop electricity exports to Europe, currently carried out at a capacity of 300 MW. The reason for this is the shortage of power generating capacities, associated, in particular, with the shutdown of all six units of ZNPP, the repair of 1.5 units at other NPPs and the possible withdrawal of another unit for repair, which leads to excess coal consumption, as well as a large number of TPP units in repair.
JSC “Energy Company of Ukraine” (JSC “EKU”), 100% of whose shares belong to the state, on August 17 for the first time entered the export of electricity in the Romanian and Slovak directions, from October 1 it began to export electricity to Poland.
Receipts from ECU by the state-owned NPC Ukrenergo (as a fee for the cross-section and transmission of electricity), SE Guaranteed Buyer (as part of the PSO for the population) and NNEGC Energoatom (payment for electricity) from August 19 to 13 September amounted to almost UAH 1.542 billion.
Earlier, Butenko said that state investments in ECU start-up capital, provided to him in August by NNEGC Energoatom in the form of repayable financial assistance in the amount of UAH 500 million, would be returned by the end of 2022.
According to ECU estimates, these investments can bring UAH 8.2 billion in income to state-owned companies by the end of the year.
JSC “ECU” is a diversified energy supply company that carries out operations for the purchase, sale, supply and market optimization of energy consumption for commercial customers. While the company supplies for export, however, it plans to work also in the domestic market. 100% of the company’s shares belong to the state, the powers to manage them are exercised by the Ministry of Economy.

, , ,

Ukrainian parliament voted for E-residency

The Verkhovna Rada on Thursday, with 252 votes out of the required 226, adopted the law (No. 5270) “On Amendments to the Tax Code of Ukraine and Certain Other Legislative Acts of Ukraine on the Peculiarities of Taxation of Entrepreneurial Activities of Electronic Residents” (E-residency), the information says on the parliament website.
“By the second reading, we have expanded the list of professions for e-residents from IT specialists to all other service exporters,” MP Yaroslav Zheleznyak, co-author of the law, commented on the decision of the Rada.
According to him, E-residency is an opportunity for foreigners to “transport” their business to Ukraine in a couple of clicks without having to physically move. “This is a great option for specialists in countries with a difficult political and economic situation to work with developed civilized markets and protect their income,” he said.
The deputy specified that in order to become an E-resident – an electronic single tax payer in the third group of the simplified taxation system without VAT at a rate of 5% within the limit, a specialist must register with Die and pass a financial and security check. After that, he receives an electronic digital signature and opens a bank account. In this case, it is the bank that will be the tax agent for the E-resident.
All documents of the E-resident are stored in electronic form, all calculations and correspondence with the state tax service are also made online, Zheleznyak added.
According to the explanatory note, it was originally envisaged that an E-resident entrepreneur could only carry out such types of business activities: publishing computer games, publishing other software, computer programming, other activities in the field of information technology and computer systems, data processing, posting information on the web. nodes and related activities.
At the same time, citizens of the aggressor country of the Russian Federation, persons included in the “black list” of the FATF (countries that finance terrorism) and persons with any type of income in Ukraine, except passive, cannot be an E-resident.
The list of countries whose citizens are allowed to become E-residents of Ukraine is determined by the government.

Director of International Atomic Energy Agency describes meeting with Zelensky as very constructive and comprehensive

Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi has described his meetings with President of Ukraine Volodymyr Zelensky as a very constructive and comprehensive discussion of the situation in general and, in particular, at Zaporizhia Nuclear Power Plant (ZNPP).

Grossi told reports in Kyiv on Thursday that the parties achieved progress regarding his proposal to strengthen nuclear security around the power plant.

The IAEA Director General also expressed hope for constructive talks with Russia, where he would travel soon, adding that he will have meetings at a very high level.

The key task of the IAEA is to prevent nuclear incidents, Grossi said, adding that the agency’s job is to monitor nuclear security and wellbeing of the personnel.

He also said that the nuclear capacities of the ZNPP are Ukrainian and stressed that the annexation is not approved by international law.

Grossi also said he would visit Kyiv again soon.

,

International reserves of Ukraine as of October 1 amount to $23.93 billion

The international reserves of Ukraine as of October 1, 2022, according to preliminary data, amounted to $23 billion 929.6 million (in equivalent), which is 5.9% less than at the beginning of September ($25.436 billion), according to the data of the National Bank of Ukraine, released on Thursday.

“As of October 1, 2022, Ukraine’s international reserves, according to preliminary data, amounted to $23.929 billion. In September, they decreased by 5.9%, taking into account the sale of foreign currency by the National Bank on the interbank market, including to meet defense needs and payments of Ukrainians abroad. At that At the same time, steady receipts from international partners continue to keep international reserves at a sufficient level, despite a full-scale war,” the regulator explained.

The regulator clarified that net international reserves in September decreased by 4.6%, or $736 million, to $15.181 billion, while in August their growth was 26.6%, or $3 billion 342 million (to $15.917 billion).

According to the National Bank, in September the dynamics of international reserves was affected by operations to manage public debt. In particular, foreign exchange receipts to the accounts of the Ukrainian government with the NBU in September amounted to $2.034 billion, including from the United States – $1.5 billion, from the EU – $482 million, from the placement of government bonds – $51.7 million.

The total volume of board payments for servicing and repaying state debt in foreign currency amounted to $65.1 million, including $63 million directed to repay debt to international creditors, $2.1 million – to service government bonds.

In addition, Ukraine transferred $624.6 million to the IMF.

International reserves were also affected by NBU operations on the interbank market. In particular, they sold $2.777 billion on the foreign exchange market and bought $39.4 million into reserves, due to which the balance of interventions was negative and amounted to $2.728 billion.

In addition, the reserves were affected by the revaluation of financial instruments, in particular, their decrease by $115.5 million.

“The current volume of international reserves provides funding for 3.7 months of future imports, which is enough to meet the obligations of Ukraine and the current operations of the government and the National Bank,” Certrobank said.

As reported, at the beginning of 2022, Ukraine’s international reserves amounted to $30.941 billion, net international reserves (NIR) – $20.767 billion.

,