Business news from Ukraine

Business news from Ukraine

Salateira Chain seeks opportunities to enter Turkish market

Salateira chain of salad bars is looking for opportunities to enter the Turkish market, Chairman of the Board of the International Association of Turkish and Ukrainian Businessmen (TUİD) Burak Pehlivan said.
“Salateira … made the decision to make its first investment in Turkey. It was interesting to hear from Alexander Savilov, founding partner of Saleteria, about the company’s ten-year journey of success, and to assess with him why and how they want to enter the Turkish market,” he wrote on Linkedin.
Alexander Savilov, co-founder of the Salateira salad bar network, noted in the comments to the post that they are currently looking for a partner in Turkey.
Salateira is an international fast healthy chain with the principle of free choice of ingredients. According to the site, the network includes 20 restaurants in Kyiv, Dnipro and Odessa, as well as 5 abroad – in Minsk (Belarus).

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Turkey wants to sign agreement on export of Ukrainian grain this week

Turkish President Recep Tayyip Erdogan is aiming to achieve the signing of an agreement on Ukrainian grain this week, Western media reported on Wednesday.
“As a result of the talks in Istanbul last week, an agreement was reached on the general outlines of the process within the framework of the UN plan. Now we want to consolidate this agreement by signing the document,” Erdogan said. He expressed the hope that the plan will begin to be implemented in the coming days.
At last week’s talks between Russia, Turkey, the UN and Ukraine on the export of Ukrainian grain, the participants agreed to establish a coordination center in Istanbul and reached an agreement on a system of joint grain control in ports.

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Ministry of Education of Ukraine warned applicants about possibility of using fake accounts in social networks to obtain data on admissions campaign

The Ministry of Education and Science warns applicants against using fake accounts on social networks to obtain information about the admissions campaign.
“Recently, several telegram channels and Facebook pages have appeared, partially or completely using the official graphics of the brand book of the Ministry of Education and Science of Ukraine to illustrate their messages. The content of these messages does not correspond to reality, contains manipulations or deliberately distorted information,” the press service of the ministry said in a statement.
In this connection, the department draws the attention of applicants, the media and all interested parties, that reliable information on the admissions campaign in 2022 is posted on the official websites of the Ministry of Education, the Unified State Electronic Database for Education (USEDEB), the Ukrainian Center for Educational Quality Assessment (UTSOKO) , State Enterprise “Inforesurs”, Ukrainian State Center for International Education (UGTSMO) and on their verified pages in social networks.
“For example, the Vstup Info telegram channel uses the MON logo and positions itself as the only channel about entry, but in fact this channel has nothing to do with the Ministry,” the message says.
The ministry also cited signs that will help you quickly understand that fake content is being published under the guise of the supposedly official position of the Ministry of Education.
In particular, among them: the MON logo was completely or partially falsified; only part of the official letter, without signature, date and QR code; links to unofficial resources (mainly other telegram channels); official logos of the Ministry of Education and Science in the texts of messages related to the competencies of other state institutions; information with terms that are not used by MES in official documents; MON logo for the announcement of webinars and online conferences for advanced training of teachers, where it is worth paying for a certificate.

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Ministry of Agrarian Policy announces possible crop losses this season

An aerospace study of winter crops in Ukraine revealed their reduction from 9.14 million hectares to 8.38 million hectares (by 0.75 million hectares, or 8.3%), mainly due to the economic consequences of a full-scale invasion of the Russian Federation to Ukraine.
As reported on the website of the Ministry of Agrarian Policy and Food on Wednesday, a decrease in this indicator means a drop in yields from these areas by 15%, which is equivalent to the loss of 4.2 million tons of grain (20% of the crop).
The relevant data was provided by a team of experts from the National Technical University. I. Sikorsky, Space Research Institute of the National Academy of Sciences of Ukraine, Joint Research Center of the European Commission and the World Bank (WB) at a meeting of the coordination meeting of international donors.
The research group is collecting data on direct and indirect damage caused to the Ukrainian agro-industrial complex for possible further recovery of compensation from the Russian Federation. The group continues to monitor crops and yields, and will present an updated forecast for the loss of winter and spring crops in September.
It is clarified that a 20% loss of winter crops will occur provided that they can be harvested in the current volume, without taking into account the ongoing war. Otherwise, crop losses may be higher.
“If it weren’t for the perseverance and sacrifice of our farmers, the losses for the agricultural sector would have been much greater,” Denis Bashlyk, Deputy Minister of Agrarian Policy for Digital Development, Digital Transformations and Digitalization, stated during the meeting.
He added that thanks to cooperation with international partners and the use of modern digital technologies, all losses of Ukrainian agricultural producers are recorded.
“A systematic analysis of crop losses will help attract more support from international partners in the agricultural sector to help agricultural producers survive these difficult times and subsequently revive production,” Klaus Deininger, a leading economist at the World Bank, was quoted by the Ministry of Agrarian Policy as participating in the meeting.
As reported with reference to a study by the KSE Institute, the total amount of direct losses caused to the agricultural industry of Ukraine as a result of the full-scale invasion of the Russian Federation amounted to $4.3 billion by mid-June. military operations – $ 2.14 billion.
In addition, 22% of the total damage to the Ukrainian agro-industrial complex fell on the loss of agricultural equipment ($926 million), 14% – on already manufactured products ($613 million), 6% – on granaries ($272 million), 3% – on livestock breeding ($136 million). ) and inventory items, including fuel and fertilizers ($120 million), 2% for perennial plantings ($89 million).
The total amount of indirect losses of the agricultural industry of Ukraine from the invasion of the Russian Federation for the period from February 24 to mid-June amounted to $23.3 billion. At the same time, the country suffered the largest losses (51%) due to the reduction in the cost of agricultural products caused by the blockade of its seaports – $11.9 billion.

Ukraine creates 2 new industrial parks in Chernivtsi region

The Cabinet of Ministers of Ukraine has created two new industrial parks in Chernivtsi region: Khotyn Invest and Energy of Bukovyna, Prime Minister Denys Shmyhal has said.
“Today, there are two separate government decisions to create new industrial parks. The first is Khotyn Invest. The second is Energy of Bukovyna,” Shmyhal said at a government meeting on Tuesday.
According to the prime minister, both parks will be located in Chernivtsi region and will contribute to the development of the economy of the state and the region.
The government included the industrial park Energy of Bukovyna and the industrial park Khotyn Innvest in the register of industrial parks.

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Ukraine plans to negotiate with Eurobond holders to defer interest payments

The government of Ukraine intends to extend the maturity of all Eurobonds by 24 months, as well as to defer the payment of interest income on them for the same period, the relevant Cabinet of Ministers Resolution No. 805 of July 19 was published on its website on Wednesday.
“Transactions with public debt in 2022 are carried out until August 15, 2022 by entering into the terms of the bond issue … in agreement with the bond holders …”, the document says.
According to it, “the maturity date of each bond (and for 2017 bonds ⸺ each maturity date of a portion of the 2017 bonds) is deferred for a period of 24 months from the respective final maturity date of the bonds.”
“All interest payment dates on post-deal bonds are deferred for a period of 24 months from each relevant interest payment date (and for 2018 Series 1 bonds ⸺ all interest payment dates on these bonds are deferred for a period from August 1, 2022 d.),” the resolution reads.
During these 24 months, interest income on the bonds continues to accrue at existing rates, and additional interest income is accrued on the amount of accrued basic interest income at the same rates.
“At any time during the specified delay, the total amount of accrued basic interest income and additional interest income (the amount of income of holders) on the basis of a separate decision of the Cabinet of Ministers of Ukraine may be paid to bondholders in part (or) in full,” the document says.
Likewise, at the end of the said deferral, the unpaid amount of the holders’ income at that time may be paid to the holders in full or by additional issue of the relevant bonds.
“The amount of income of holders is calculated by the Ministry of Finance, taking into account, in particular, information provided by business entities engaged by the Ministry of Finance to provide agency, advisory or other services in connection with transactions, and cannot exceed $ 3,000 million (together for all bonds paid in dollars USA) and 300 million euros (jointly for all paid in euros),” the resolution says.

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