Business news from Ukraine

Business news from Ukraine

GERMAN EMBASSY RESUMES WORK IN KYIV

The German Embassy in Ukraine has resumed work in Kyiv.

“We are back! Yesterday, the German Embassy resumed its work in Kyiv. Foreign Minister Annalena Burbock raised the German flag in front of the Embassy building,” the Embassy said on Twitter on Wednesday.

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ABOUT 100 UKRAINIAN SCHOOLCHILDREN WILL TAKE PART IN WORLD GYMNASIUM-2022

About a hundred Ukrainian schoolchildren will take part in the World Gymnasium 2022 in Normandy (France) from May 14 to 22, said Minister of Education and Science Serhiy Shkarlet.
“Strong in spirit and true to the call of the heart, Ukrainian schoolchildren went to France to participate in the World Gymnasium-2022. This is the largest international multi-sport and educational event for schoolchildren aged 16-18,” Shkarlet wrote in the Telegram channel.
According to him, from 14 to 22 May in Normandy (France) 3.5 thousand participants from more than 70 countries of the world will represent their countries, and 20 sports will be included in the competition program.
“Despite the difficult times in Ukraine, our talented students will take part in priority international competitions. The Ukrainian team will be represented by about a hundred athletes from 17 sports,” the minister wrote.

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UKRAINE IS EXPERIENCING SHORTAGE OF FUEL, BUT GOVERNMENT IS EXPANDING GEOGRAPHY OF FUEL SUPPLIES

The government is working to ensure that fuel is available in sufficient quantity and at the same time its price remains adequate to current realities, Prime Minister Denys Shmyhal said.
“Everyone understands that there are objective reasons for this situation (fuel shortage): Russia is purposefully destroying reserves and processing capabilities in Ukraine. Therefore, the team of the Ministry of Economy is working 24/7 to overcome the shortage for all consumers,” Shmyhal said at a meeting of the Cabinet of Ministers in Tuesday.
According to the prime minister, the authorities are simplifying the delivery of fuel to Ukraine as much as possible, expanding the geography of obtaining such fuel.
“In particular, we are talking about the import of fuel from the Persian Gulf countries, from Azerbaijan, from the Middle East. By decision of the government, we are agreeing on the regulations necessary for this today. We are working to ensure that fuel appears in sufficient quantities, while its price remains adequate to current realities,” – stressed the prime minister.

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“AGROSEM” LAUNCHES RAILWAY DELIVERIES OF CORN TO AUSTRIA

Agrosem LLC (Kyiv), a distributor of agricultural products, seeds and agricultural machinery, has launched a railway route from Ukraine to Austria, which will export batches of Ukrainian corn on a weekly basis.
Agrosem’s Facebook page reported on Tuesday that the first train of 25 hopper cars arrived at the Austrian customer on May 6. Based on the average carrying capacity of grain wagons of 72 tons, the volume of a weekly consignment of corn sent to Austria will be approximately 1.8 thousand tons.
“Customers in Ukraine and Austria are happy with the result, but the process was complicated, especially due to the difference between the width of the tracks in Ukraine and Europe. This required finding stations where it would be possible to transfer from the Ukrainian train to the Austrian one, and it was also necessary to find out the availability free wagons in both countries. But we are confident that the train will run weekly, delivering products to Europe,” the company explains.
According to the director of “Agrosem” Oleksiy Kulik, whose words are quoted by the press service of the company, it is now very important to support Ukrainian farmers and find solutions for the export of grown products. “We must do everything to ensure that Ukrainian farmers can sell their products in Europe at market prices,” he stressed.
Ukrainian Ambassador to Austria Vasyl Khyminets, Minister of Agriculture, Forestry, Ecology and Water Resources of Austria Elisabeth Kostinger, General Director of the Austrian Federal Railways Andreas Matt and Director of Agrosem Kulik participated in the organization of the export route.
“Agrosem” is the official distributor in Ukraine of agricultural machinery and spare parts, seeds, fertilizers and plant protection products. The company offers solutions in the field of precision farming, telematics systems, automated and unmanned vehicles aimed at improving product efficiency and saving resources in the agricultural production process.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of Agrosem LLC is Oleg Zvyagintsev with a 35% stake in the company’s authorized capital, Igor Zvyagintsev (15%), Alexei Kulik (15%) and US citizen Alexander Weiner (35%).

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GERMANY WILL HELP UKRAINE IN DEMINING

Germany will help Ukraine in demining, said German Foreign Minister Annalena Berbock.
“We, like Germany, will help in demining to a greater extent. Because it is not only about military demining, where we will help you. It is also about demining in cities, villages, and doing it together so that people were able to return home,” Burbock said at a press conference with Ukrainian Foreign Minister Dmytro Kuleba in Kyiv on Tuesday.

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FIRST PRESIDENT OF UKRAINE KRAVCHUK DIED

The first president of Ukraine (1991-1994), Leonid Kravchuk, passed away on Tuesday, May 10, said People’s Deputy of Ukraine, ex-Speaker of the Verkhovna Rada Dmitry Razumkov.
“A great loss for all of Ukraine. Today, Leonid Kravchuk, the first President of Ukraine, the first Chairman of the Verkhovna Rada and the figure who stood at the origins of modern Ukrainian statehood, passed away,” Razumkov wrote in Telegram.
As it became known to the Interfax-Ukraine agency, Leonid Kravchuk was hospitalized with Covid-19 coronavirus infection in one of the foreign clinics in 2021, was in a coma for a long time, then underwent rehabilitation abroad of Ukraine.
Leonid Kravchuk was born on January 10, 1934. From 1970 to 1991, he held various positions in the structure of the Communist Party of Ukraine and the CPSU, left the ranks of the Communist Party after the August coup. In July 1990, he became chairman of the Supreme Council of the Ukrainian SSR, it was under his leadership that the resolution and the Act of the Declaration of Independence of Ukraine were adopted. From August 24 to December 5, 1991 – Chairman of the Verkhovna Rada of Ukraine.
He was elected President of Ukraine in the first direct presidential elections on December 1, 1991, following which he won 61.6% of the vote. On December 8, 1991, together with the President of the Russian Federation (RSFSR) Boris Yeltsin and Chairman of the Supreme Council of the Republic of Belarus Stanislav Shushkevich, he signed the Belovezhskaya Accords on the termination of the existence of the USSR.
In the early presidential elections of 1994, he lost to Leonid Kuchma in the second round, gaining 45.1% of the vote. From 1994 until 2006 he was elected a people’s deputy of Ukraine.
From July 28, 2020 to February 21, 2022 – Chairman of the Ukrainian delegation to the Trilateral Contact Group on the settlement of the situation in Donbas.