Business news from Ukraine

Business news from Ukraine

MEEST RESTARTS DELIVERY OF PARCELS FROM CHINA TO UKRAINE

The Meest international postal and logistics group with Ukrainian roots, through its subsidiary Meest China, has resumed the purchase and delivery of goods from China to Ukraine.
According to the company’s announcement on Wednesday, delivery to Ukraine of both postal items and commercial cargo is available.
Earlier, Meest resumed international delivery of parcels to the countries of the European Union: Bulgaria, Estonia, Latvia, Lithuania, Germany, Poland, Romania, Slovakia, the Czech Republic and Hungary.
At the same time, the company said on its website that due to the war on the territory of Ukraine [which Russia unleashed with its invasion on February 24] and the introduction of martial law in the country, the delivery time for international shipments to European countries may be extended and will depend on further development situations.

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GLOBAL FINANCIAL SERVICE PAYPAL ADDS OPTION TO RECEIVE MONEY TRANSFERS TO UKRAINIAN PRIVATBANK CARDS

The global financial service PayPal has added the option to receive money transfers to bank cards of the state-owned PrivatBank (Kyiv), the bank’s press service reported on Friday.

According to the report, such a service will work for Ukrainians in Ukraine and abroad.

In addition, during the period of hostilities, the company is temporarily waiving its commission for customers who send funds to or receive funds in Ukrainian PayPal accounts.

“Clients of PrivatBank will be able to transfer funds from a PayPal wallet to Visa and MasterCard credit or debit cards without additional fees,” the bank’s press service said.

According to the statistics of the National Bank of Ukraine, as of January 1, 2022, in terms of total assets, PrivatBank ranked first (UAH 582.851 billion), and Oschadbank ranked second (UAH 249.938 billion) among 71 banks operating in the country.

PRESIDENT OF UKRAINE: STATE MUST GUARANTEE 100% OF DEPOSITS IN BANKS

President of Ukraine Volodymyr Zelensky said that he instructed the National Bank, deputies and officials to find an opportunity to guarantee 100% of deposits of Ukrainians in banks.
“This is a special task for the National Bank of Ukraine, for people’s deputies and our officials. I instructed to find such a legislative opportunity that the state would guarantee 100% of deposits in banks. 100%. Not part, as it is now, as usual, but in full. The entire deposit. In any bank of our state. So that people do not lose money and are not afraid of it under any circumstances. So I am waiting for specifics. A draft decision. And I hope that the Verkhovna Rada will not be slow in providing support. Because Ukrainians need it. Ukraine needs it,” he said in a video message on the night of Thursday.
In addition, according to him, “the Cabinet of Ministers will vote tomorrow for a large-scale reduction in regulations.”
“There were more than 600 permits and licenses for business, and about 20 remain mandatory. Only those that simply cannot be cancelled. Like, for example, the management of radioactive waste,” Zelensky said.
According to him, the government has already prepared a decision to expand the lending program for entrepreneurs on the basis of the Affordable Loans 5-7-9% program.
“Any business will be able to get a loan at 0% during martial law plus one month after the war. Then there will be a minimum rate of 5%. And the total amount of the loan can be up to UAH 60 million. To widen the circle of those businesses that can use our program “, the president said.

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WASHINGTON HOPES THAT CHINA TO INFLUENCE RUSSIA TO SOLVE SITUATION WITH UKRAINE

Washington hopes that China will exert the necessary influence on the Russian Federation in connection with the events in Ukraine, U.S. Secretary of State Antony Blinken said on Thursday.
“We believe China in particular has a responsibility to use its influence with President Putin and to defend the international rules and principles that it professes to support,” he said.
At the same time, Blinken recalled that the events in Ukraine will be one of the topics of a telephone conversation scheduled for Friday between U.S. President Joe Biden and Chinese President Xi Jinping.
“President Biden will be speaking to President Xi tomorrow and will make clear that China will bear responsibility for any actions it takes to support Russia’s aggression, and we will not hesitate to impose costs,” Blinken said.
Later, White House spokeswoman Jen Psaki said that the conversation between Biden and Xi Jinping would clarify China’s attitude towards the situation in Ukraine.
“This is an opportunity for President Biden to assess where President Xi stands,” she said.

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NUMBER OF UKRAINIAN REFUGEES WHO ARRIVED IN POLAND EXCEEDS 2 MLN PEOPLE

On Friday, March 18, the number of Ukrainian citizens who arrived in Poland exceeded 2 million people, the Polish Border Guard Service reports.
“Today, that is, March 18, by 9:00 am, the number of refugees from Ukraine exceeded 2 million people. Mostly they are women with children,” the Twitter message says.

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CHANCELLOR SCHOLZ: GERMANY WILL PROVIDE QUICK ASSISTANCE TO UKRAINIANS

All federal states of Germany will provide quick assistance to Ukrainians who are fleeing the war, and its procedure will be simple, Chancellor Olaf Scholz said.
“Overcoming this challenge is the common task of our entire state,” he tweeted on Wednesday evening.
Scholz thanked the many volunteers whose “tireless efforts allow us to help people fleeing the terrible war in Ukraine.”
The German chancellor also said that it is completely unacceptable when immigrants from Russia are insulted or even subjected to physical attack.
“Because this is Putin’s war. He, and only he, is responsible for this,” Scholz stressed.

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