Business news from Ukraine

Business news from Ukraine

TEMPORARY DEPARTURE OF IT SPECIALISTS FROM UKRAINE ABROAD MAY BE ALLOWED BY AUGUST

The issue of permits for temporary travel of IT specialists abroad will be resolved during June-July, predicts Oleksandr Fediyenko, Deputy Head of the Verkhovna Rada Committee on Digital Transformation (People’s Deputy from the Servant of the People faction).
“I think that all this will be done within the framework of the adopted law on Dia.City. Most likely, we will talk about those enterprises that meet the criteria of Dia.City. This is my forecast. Most likely, this will be done throughout this and the next month, when summarizing work will be done to develop appropriate mechanisms for booking the departure of the relevant employees of the relevant specialized companies,” he said in a commentary to the Kyiv TV channel.
Fedienko noted that in the future, companies that meet pre-defined criteria will submit documents and argue the need to travel abroad for their chosen employees.
The MP also stressed that this is done in order to allow IT companies to fully work with foreign clients and fill the Ukrainian budget.

,

UKRAINE DEVELOPING NEW MODEL FOR URBAN TRANSPORT ORGANIZATION

The government of Ukraine is working out a new model for organizing urban transport in order to simplify access to the transportation market, according to the website of the Antimonopoly Committee of Ukraine (AMCU), with reference to its head Olha Pischanska.
During the thematic round table that started in Paris as part of the Competition Week of the Organization for Economic Cooperation and Development (OECD), Pischanska clarified that the main idea of the model being developed is to simplify access to the transportation market as much as possible in order to create favorable conditions for competition.
“As a result of the war, these markets have undergone significant changes. In some cases, public transport has become an uncontested means of transportation (given the shortage of fuel in Ukraine). The Antimonopoly Committee of Ukraine constantly monitors the situation so that changes in the markets do not violate the requirements of competition law,” she said.
According to the committee, the focus on deregulation will have a positive impact on the formation of a new model of public transport in Ukraine – with a more intensive involvement of private business in passenger transportation, including to improve environmental standards.

,

NET LOSS OF UKRAINIAN BANKS IN JAN-MAY AMOUNTED TO UAH 1.3 BLN AGAINST UAH 24 BLN OF PROFIT FOR SAME PERIOD LAST YEAR

The net loss of Ukrainian banks in January-May 2022 amounted to UAH 1.3 billion against a profit of UAH 23.8 billion for the same period last year, the press service of the National Bank of Ukraine (NBU) reported on Tuesday.
It is indicated that the net profit for May of this year amounted to UAH 6.1 billion, while in April there was a net loss of UAH 7.426 billion.
According to the NBU, the income of banks for 5 months increased by 15% compared to the same period last year – up to UAH 116.5 billion, including interest income – by 18%, to UAH 76.957 billion, while the commission decreased by 8.9 % – up to UAH 31.032 billion.
At the same time, bank expenses in January-May increased by 51% – up to UAH 117.8 billion, including interest expenses – by 4.3%, up to UAH 22.135 billion, commission expenses – by 13.914%, up to UAH 8.4 billion and expenses from deductions to reserves – by 8.2 times, up to UAH 39.2 billion.

,

REGULATORY CAPITAL STANDARDS ARE VIOLATED BY 16 UKRAINIAN BANKS – COMPLETE LIST FROM NATIONAL BANK

As of June 1, 2022, BTA Bank violated the regulatory capital ratio (norm H1, not less than UAH 200 million) with an indicator of UAH 192.418 million and Alpari Bank (UAH 192.998 million), monthly statistics published on the website of the National Bank of Ukraine show (NBU) for the first time since the beginning of a full-scale war.
The standard for the maximum amount of credit risk per counterparty (N7 standard, no more than 25%) was violated by Industrialbank (39.18%), Oschadbank (25.01%) and Megabank (59.86%).
The risk standard for a total long open currency position (standard L13-1, no more than 5%) was violated by Oschadbank (164.53%), PrivatBank (90.2%), Alliance banks (78.3%) and Portal (fourteen%). Industrialbank (12.7%), Skybank (8.2%), Trust-Capital Bank (5.4%).
According to the NBU, the foreign currency liquidity coverage ratio (LCRів, not less than 100%) was violated by TASkombank (98.33%), Idea Bank (87.4%), Ibox Bank (69.57%), Poltava-Bank (29 .1%) and Megabank (27.97%).
The Net Stable Funding Ratio (NSFR, not less than 100%) was not adhered to by OTP Bank (99.6%). Alliance (97.3%), Globus Bank (95.7%), PIB (95.1%), Megabank (82.3%).
It is indicated that Megabank violated the regulatory capital adequacy ratio (N2 ratio, not less than 10%) with an indicator of 4.08%, the maximum credit risk ratio for transactions with persons related to the bank (N9, not more than 25%) with an indicator of 81.85 %, the risk ratio of the total short open currency position (standard L13-2, no more than 5%) with a value of 54% and the standard for the liquidity coverage ratio for all currencies (LCRвв, no less than 100%) with an indicator of 3.1%.
It is noted that the standard for calculating the short-term liquidity ratio (N6) by banks is not indicated in the statistics of this month, since it was canceled on March 23.

, , ,

UKRAINE WILL RECEIVE FIRST BATCH OF POLYETHYLENE GRANARIES FROM PARTNERS

Ukraine will soon receive the first batch of sleeves for temporary storage of agricultural crops – mobile granaries, the need for which arose due to a shortage of storage capacity caused by the temporary occupation of the Russian Federation of part of its territories and the destruction of some elevators.
With a corresponding request to provide Ukraine with mobile granaries, the Ministry of Agrarian Policy and Food turned to the governments of the United States, Canada, Great Britain and the EU. At the moment, the first batch of these sleeves is already sailing to Ukraine, according to the agency’s website on Monday.
The report states that these “sleeves” are long plastic bags that can be stored directly in the fields and which can hold up to 200,000 tons of grain.
The ministry indicated that in addition to this, another version of mobile granaries, which are common in Canada and the United States, is planned for delivery – the so-called temporary silos. These are large metal rings mounted on a regular platform. A special material is laid on their surface that does not allow moisture to pass through, and on top it is closed with a special awning that preserves the grain from environmental influences. One such silus holds about 5,000 grains.
The Ministry of Agrarian Policy specified that many Ukrainian farmers are already buying mobile granaries, primarily sleeves for grain storage.
According to the agency, by the beginning of a full-scale war, Ukrainian farmers had approximately 75 million tons of elevator capacities at their disposal. During the war, granaries with a total capacity of about 10 million tons ended up in the territories temporarily occupied by the Russian Federation, were damaged or destroyed as a result of hostilities.

, ,

SWITZERLAND TO HOLD INTERNATIONAL CONFERENCE ON RESTORATION OF UKRAINE

Switzerland will hold an international conference on the restoration of Ukraine on July 4-5, the EFE news agency reported on Monday.
The conference, which will be held in Lugano, will be organized by the Swiss government together with Ukrainian representatives. It is expected that the discussion of the restoration of Ukraine will be held in four main directions: social, economic, environmental and infrastructural.
It is expected that the meeting will be attended by delegations from European countries, as well as from Canada and the USA. Representatives of international organizations, including the World Bank, are expected to attend the event.
In parallel with the conference, a cultural program is planned: concerts of classical and jazz music with musicians and artists from Ukraine.

, , ,