Business news from Ukraine

Business news from Ukraine

Ratio of the number of the unemployed in different regions of Ukraine in 2021 (thush people)

Ratio of the number of the unemployed in different regions of Ukraine in 2021 (thush people)

State employment center

Ukraine plans to harvest up to 20 mln tons of wheat this year

Ukraine plans to harvest up to 20 million tons of wheat, which is five times more than domestic demand, Prime Minister Denys Shmyhal said.
“Yesterday, the first ship with Ukrainian food left the port of Odessa… Firstly, this makes it possible to increase foreign exchange earnings and business income. Not only in the agricultural sector, which employs hundreds of thousands of people, but also in related industries. The second aspect: Ukraine remains important player in the global food market,” he said at a government meeting on Tuesday.
The prime minister stressed that the unblocking of exports is also directly related to the new crop, which is now being harvested by Ukrainian farmers.
“As of the end of July, about 12 million tons have already been harvested. At the same time, we expect to harvest up to 20 million tons of wheat alone, which is five times more than domestic demand. Therefore, it is important for us to help farmers preserve and sell the new crop,” Shmyhal summed up.

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Ferrexpo plans to reconstruct pellet production shop at Poltava Mining

The UK-based Ferrexpo Plc, which controls Poltava Mining and Yeristovo Mining in Ukraine, intends to reconstruct the integral property complex of the pellet production shop at Poltava Mining.
According to the documentation at the disposal of Interfax-Ukraine, it is planned to reconstruct the integral property complex of the pellet production shop in the building of the filtration and averaging building for concentrate No. 1, A and 2, B.
The timing of the reconstruction and the amount of funds for the project are not made public.
Ferrexpo is an iron ore company with assets in Ukraine. Fevamotinico S.a.r.l., controlled by Kostiantyn Zhevaho, owns 50% of Ferrexpo, BlackRock holds 6.74% in it.
Ferrexpo owns 100% of the shares of Poltava Mining, 100% of Yeristovo Mining and 99.9% of Belanovo Mining.

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European Union transfers 1 bln euros to Ukraine in 1st tranche of macro-financial assistance

The European Union has fully provided Ukraine with the first tranche in the amount of EUR1 billion of new emergency new macro-financial assistance, said the head of the European Commission, Ursula von der Leyen.
“These funds will help Ukraine meet its urgent financial needs in the wake of unprovoked and unjustified Russian aggression. The €1 billion will strengthen Ukraine at a critical juncture,” she wrote on Linkedin on Tuesday.
On the eve of the receipt of the first EUR500 million from this tranche in Ukraine, Prime Minister Denys Shmygal announced, adding that the second EUR500 million is expected on Tuesday, August 2.
As reported, the EU has previously approved the allocation of new emergency macrofinancial assistance to Ukraine for EUR9 billion, of which EUR1 billion has been allocated so far. The remaining EUR8 billion is expected to come in one tranche, but the final decision on them is being delayed.
President of Ukraine Volodymyr Zelensky on the eve appealed to French President Emmanuel Macron with a request to unblock macrofinancial assistance from the European Union.

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Speaker of US House of Representatives Pelosi booked 48 rooms in Taiwan’s capital

Speaker of the House of Representatives of the US Congress Pelosi should land in Taiwan an hour earlier than the time previously published in various media (at 16:20 Kyiv time). Her delegation will consist of 40 people.

The visit of the Speaker of the House of Representatives may last until 5:00 pm Wednesday local time.

Earlier, a Boeing C-40C special flight carrying Nancy Pelosi arrived in Singapore on Sunday, according to Flightradar data.

Prior to this, the aircraft took off from the Hawaiian Islands, where it made an intermediate landing after flying from the continental United States.

Speaker of the House of Representatives of the US Congress Nancy Pelosi went on an official trip to Asia, during which she will visit Singapore, Malaysia, South Korea and Japan, her press office said in an official statement. It is indicated that Pelosi led the American delegation, the purpose of which is to conduct negotiations on trade, security, climate change and the COVID-19 epidemic.

At the same time, the message does not mention the possibility of her visit to Taiwan, which she previously announced.

Tensions over a possible visit to Taiwan by Pelosi rose after Chinese President Xi Jinping, in a telephone conversation with US President Joe Biden on Thursday, said that the position of the Chinese leadership and the people of the country on the Taiwan issue is firm, and that “the United States must respect” the principle of one China.” He also warned Biden against “playing with fire” on Taiwan.

Previously, the YouTube channel “Club of Experts” called Pelosi’s possible visit to Taiwan a top event. For a more detailed analysis of upcoming events in Ukraine and the world, see the video review of the Expert Club channel at the link

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Malta starts exchange of cash hryvnia for euros for Ukrainian refugees

The Central Bank of Malta and the National Bank of Ukraine (NBU) have launched a program for Ukrainian refugees to exchange hryvnia for euros since August 1, the NBU press service reported.
According to the report, Ukrainians who have a certificate of protection from the International Protection Agency in Malta will be able to exchange up to UAH 10,000 for one person.
Banknotes from UAH 100 to UAH 1,000 are accepted for exchange.
As reported, the hryvnia cash exchange program has already been launched in Poland, Germany, Belgium, Sweden, Italy, the Netherlands and Switzerland.

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