Business news from Ukraine

Business news from Ukraine

EU stops facilitated visa issuance to Russian citizens on September 12

The EU decision to suspend the facilitated visa agreement with Russia has taken effect and will be applied from September 12, the Official Journal of the European Union said.
“The application of the Agreement between the European Community and the Russian Federation on the facilitation of the issuance of visas to the citizens of the European Union and the Russian Federation is suspended in whole as regards citizens of the Russian Federation, as from 12 September 2022,” it said.
The document noted that the decision would take effect on the day of adoption, i.e. Friday. However, it will be applied from Monday, considering that the EU must notify the other party to the agreement, Russia, within 48 hours since the decision is approved.

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State Property Fund of Ukraine wants to be transformed into Sovereign Fund

The State Property Fund of Ukraine (SPF) wants to be transformed into the Sovereign Fund, a state asset management fund, Rustem Umerov, who has been appointed its head this week, said.
“We will perform the functions of selling through privatization, through leasing. But we are also considering expanding the mandate in order to create the State Asset Management Agency, so that we can see that strategic assets will be in the fund, will be managed by it,” he said.
According to Umerov, privatization will continue and the fund would like to become “a good contributor of the government in terms of income.”

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Leleka Medical Center opens surgical department

Leleka Medical Center (Pushcha-Voditsa, Kyiv region) has resumed the work of the maternity hospital, which was suspended due to the military aggression of the Russian Federation, and opened a wide-profile surgical department for adults.
According to a press release from the medical center, the maternity hospital resumed work from September 1, 2022. The clinic, as before, will provide medical assistance in childbirth and pregnancy management, as well as services for the treatment of gynecological problems.
In addition, a full-fledged modern surgery center has been launched on the basis of the maternity hospital, where surgical treatment of a wide range of diseases for adults is carried out.
The company plans to transform into a multidisciplinary clinic.
Among the main directions of the Leleka Surgical Center are operative gynecology and endoscopy, mammology, vascular surgery (phlebology), abdominal (laparoscopic), bariatric, endocrine and outpatient surgery, proctological and urological operations. In addition, the direction of plastic surgery will develop.
“As a result of a full-scale war, we can already talk about a significant decrease in the number of new pregnancies and births both in Ukraine in general and in Kyiv in particular. Leleka in Pushcha-Voditsa is a large, spacious, innovative and modern facility that needs to be used to its full capacity. Therefore, we decided to launch new medical areas and transform from a women-only clinic into a multidisciplinary medical center,” Valery Zukin, General Director of the Leleka Medical Center, is quoted in a press release.
The medical center also said that in honor of the launch of the new direction, Leleka conducts free operations for the military personnel of the Armed Forces of Ukraine and their families, as well as residents of the settlements of the Kyiv region affected by the Russian aggression – Gorenka, Bucha, Irpin and Moshchun. The list of free services includes, in particular, surgery for cholelithiasis, laparoscopic and open surgery for hernia, surgery for diaphragmatic hernia, as well as surgery for varicose veins.
As reported, the Leleka Medical Center received a certificate from the most prestigious international accreditation system for medical institutions JCI.
Leleka LLC was established in 2014.

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Asia-Pacific stock markets rise following Wall Street

The stock indexes of the largest countries in the Asia-Pacific region (APR) are rising in trading on Friday, following the dynamics of the US stock market.
Investors, among other things, analyze statistical data from China and evaluate the statements of the head of the US Federal Reserve System (FRS) Jerome Powell.
The Fed is fully focused on bringing inflation down in the US, Powell said at an online event for the Cato Institute on Thursday.
Powell basically repeated statements he made at a recent symposium at Jackson Hole. He noted that he had decided to be as “short and precise” as possible during the symposium in order to emphasize the Fed’s absolute commitment to returning inflation to the 2% target, The Wall Street Journal writes.
Meanwhile, the European Central Bank (ECB) raised all three key interest rates by 75 bps. following Thursday’s meeting. The base interest rate on loans was raised to 1.25%, the rate on deposits – up to 0.75%, the rate on margin loans – up to 1.5%. The regulator announced its intention to continue raising rates at the next few meetings.
Exchanges in South Korea are closed (autumn holiday Chuseok – full moon day).
The Japanese Nikkei 225 rose by 0.6% by 08:14 Moscow time.
The growth leaders among the components of the index are the shares of the transport company Nippon Yusen K.K. (+3.6%), providing online medical services M3 Inc. (+3.3%) and non-ferrous metals producer Dowa Holdings Co. Ltd. (+2.8%).
Asia’s largest clothing retailer Fast Retailing is up 0.6%, while automotive Nissan Motor Co. – decrease by 0.9%.
China’s Shanghai Composite added 0.6% by 08:16 GMT, while Hong Kong’s Hang Seng edged up 2.4%.
Inflation in China unexpectedly slowed down in August, which indicates weakening domestic demand in the face of quarantine restrictions. Consumer prices (CPI) rose 2.5% year-on-year last month after rising 2.7% in July, the National Bureau of Statistics (GSO) of the People’s Republic of China said.
Analysts on average had expected growth to accelerate to 2.8%, according to Trading Economics.
Producer prices (PPI index) in China last month increased by 2.3% in annual terms – the lowest rate in 18 months. Analysts’ consensus forecast was for a slowdown in August to 3.1% from 4.2% in July.
The growth leaders in Hong Kong are shares of real estate developers Country Garden Holdings Co. Ltd. (+15%), Country Garden Services Holdings Co. Ltd. (+9.5%) and Longfor Group Holdings Ltd. (+6.1%).
The Australian indicator S&P/ASX 200 has gained 0.6% since the market opened.
The market value of the world’s largest mining companies BHP and Rio Tinto increased by 2.5% and 2.2%, respectively.

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Lelek maternity hospital estimates damage from war at almost $1 million

Direct damage to the Leleka maternity hospital (Pushcha-Voditsa, Kyiv region) from the armed invasion of the Russian Federation in Ukraine amounted to about $900 thousand, UAH 5 million has already been invested in the restoration of the building, the work of the maternity hospital has been resumed, a new surgical department has been launched, Interfax reported. -Ukraine” General Director of the Leleka Medical Center Valeriy Zukin.
“The building was significantly damaged during the active battles for Kyiv in the spring. Since April, we have been restoring it on our own. Since September 1, 2022, we have been accepting patients, providing medical care in childbirth and pregnancy, services for gynecological examinations and treatment of any gynecological problems. Also on On the basis of the maternity hospital, a full-fledged center of modern surgery has been launched, where surgical treatment of a wide range of diseases for adults is carried out,” he said.
According to Zukin, first of all, windows were glazed, the facade was partially repaired. About UAH 5 million has already been spent for these purposes.
“The facade will have to be changed in the spring, its functionality has significantly decreased due to hits. About $200,000 is needed to replace it, and the same amount is needed to replace air conditioning systems and floor coverings. In general, the damage is estimated at about $900,000,” the CEO specified.
The decision to open a surgical department for the whole family in the maternity hospital was forced. “As a result of a full-scale war, we can already talk about a significant decrease in the number of new pregnancies and births both in Ukraine in general and in Kyiv in particular. Leleka in Pushcha-Vodytsia is a large, spacious, innovative and modernly equipped facility, which needs to be used at full capacity. Therefore, we decided to launch new medical areas and transform from a women-only facility into a multidisciplinary medical center,” Zukin said.
As reported, the Leleka Medical Center received a certificate from the most prestigious international accreditation system for medical institutions JCI.
Leleka LLC was established in 2014.

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Prime Minister of Poland travels to Kyiv – Polish media

Polish Prime Minister Mateusz Morawiecki has left for Kyiv, where he will hold several meetings to discuss topics such as the geopolitical situation, the energy market and security, government spokesman Piotr Muller told private TV channel Polsat on Friday.
At the same time, he noted that no significant or sudden changes would be announced during the visit, but this visit is a political signal to the Kremlin, reminiscent of Poland’s position in connection with the Russian aggression against Ukraine.
“We will support Ukraine in this very difficult situation, because we believe that Russia is violating all possible international standards. In addition, protecting Ukraine is also protecting our security,” Muller said.

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