Business news from Ukraine

Business news from Ukraine

AVERAGE MONTHLY WAGE BY REGION IN JAN 2022, UAH

Average monthly wage by region in Jan 2022, UAH

SSC of Ukraine

PRIME MINISTER ANNOUNCES THREE-STAGE PLAN FOR RESTORATION OF UKRAINE

Prime Minister Denys Shmyhal announced a three-stage plan for the restoration of Ukraine “U-24″.
“We have already announced this plan. Let’s call it U-24. This is a plan for the restoration of Ukraine. There will be a corresponding recovery fund, which will take place in three stages,” Shmyhal said in an interview with the Ukrainian edition of the BBC.
According to him, the first stage is already underway, when the authorities are now restoring the destroyed facilities temporarily, promptly and quickly.
The second stage, according to the prime minister, is a quick recovery immediately after the end of hostilities.
“First of all, it is necessary to resume the supply of water and electricity so that people can ensure their existence in the destroyed territories,” he added.
The third stage, according to the plan, is a big stage of a full-fledged renewal of Ukrainian cities, towns, buildings, infrastructure, and the country as a whole.
“This stage will be the most costly, the longest, but we want to implement it very quickly. This should be in parallel with the political processes of Ukraine’s entry into the European Union, as was recently written in the Versailles Declaration,” Shmyhal stressed.
The Prime Minister noted that Ukraine expects to receive a questionnaire in the coming days, which is one of the stages for the country to obtain candidate status as a transitional stage before joining the EU.
“All these things support the internal expectation of a speedy end to the war, our victory and the beginning of a powerful restoration of our state according to civilized European standards. We will get a very powerful developed European country here,” Shmyhal is sure.

, ,

NOW 8 OF 15 EXISTING POWER UNITS ARE OPERATING IN UKRAINE

Ukraine has connected power unit No. 1 of the Khmelnytsky NPP to the power grid, as a result of which eight of the 15 existing power units are operating in the power system, the International Atomic Energy Agency (IAEA) reported, citing the Ukrainian nuclear regulator.
“Ukraine said one of the two units at the Khmelnytsky Nuclear Power Plant (NPP) had been reconnected to the grid after regulator maintenance,” according to the IAEA daily report on Ukraine on its website late on Wednesday.
As a result, eight of Ukraine’s 15 reactors are currently operating, including two at the Russian-controlled Zaporizhia NPP, three at the Rivne NPP, two at the Yuzhnoukrainsk NPP, and now one at the Khmelnytsky NPP.
“The seven other reactors are shut down for regular maintenance or held in reserve,” the agency said.
As reported, Ukraine stopped power unit No. 1 of the Khmelnytsky NPP on April 2, it remained in operation after power unit No. 2 was put into repair from February 18 for scheduled preventive repairs lasting approximately 92 days.
Before that, according to the IAEA, power unit No. 2 of the Rivne NPP was put out for repair.

,

UNITED STATES EXTENDS SANCTIONS TO SBERBANK, INCLUDING SUBSIDIARIES IN UKRAINE, KAZAKHSTAN

The United States has included a number of Sberbank Group companies, including subsidiary banks in Ukraine and Kazakhstan, Cetelem Bank, bankrupt Sberbank Europe AG and payment service YooMoney, in its sanctions list, a statement from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) indicated.
Sberbank Insurance, Sberbank Life Insurance, Sberbank Insurance Broker, Sberbank Leasing, Sberbank Factoring, NPF Sberbank, Sberbank-AST, Sberbank Capital, Sberbank CIB and Strategy Partners have also been included in the OFAC Specially Designated Nationals List (SDN List), as has United Credit Bureau, in which Sberbank holds a 50% according to the latest disclosure.
The SDN List now also includes Digital Technologies, a company through which Russia’s top bank invested in a range of information technology companies.
The United States on Wednesday imposed blocking sanctions against Sberbank that call for freezing assets in the U.S. and bar U.S. citizens from doing any business with the bank. The UK imposed similar sanctions against Sberbank.
The United States imposed correspondent and payable-through account sanctions against Sberbank in February 2022.

, , , ,

PRESIDENT OF UKRAINE TO MEET WITH EUROPEAN COMMISSION HEAD ON APRIL 8

President of Ukraine Volodymyr Zelensky will meet with head of the European Commission Ursula von der Leyen on April 8, press secretary of the head of state Serhiy Nykyforov has said.
“There will be a meeting with European Commission President Ursula von der Leyen tomorrow. I can’t say the time for security reasons, but somewhere during the day,” Nykyforov said on the air of a nationwide telethon.
Earlier, the chief representative of the international organization, Eric Mamer, announced the visit of head of the European Commission Ursula von der Leyen to Kyiv this week.
Together with Ursula von der Leyen, head of European diplomacy Josep Borrell will also visit Kyiv.

,

THE MINISTRY OF FINANCE OF UKRAINE RAISED THE FORECAST OF PAYMENTS ON PUBLIC DEBT IN 2022 TO UAH 572.26 BILLION

The Ministry of Finance of Ukraine in March raised the forecast for payments on public debt in 2022 by UAH 4.93 billion compared to the March forecast – up to UAH 572.26 billion, according to the forecast for April on the agency’s website.

According to him, the largest amount of payments falls on April-June of this year – UAH 167 billion, while in August-September it is projected at the level of UAH 145.32 billion, in October-December – UAH 124.63 billion.

The Ministry of Finance estimates payments on domestic debt in 2022 at UAH 440.95 billion, and on external debt at UAH 131.32 billion.

According to the Ministry of Finance, on a monthly basis, the largest amount of payments fell on February – UAH 75.78 billion, and May – UAH 69.59 billion.

At the same time, the ministry increased the forecast of payments on public debt in 2023 by UAH 25.71 billion to UAH 400.91 billion.

In 2024, the ministry expects a payment in the amount of UAH 348.74 billion.

, ,