Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 13/12/21

National bank of Ukraine’s official rates as of 13/12/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF DECEMBER 13

Official rates of banking metals from national bank as of December 13

One troy ounce=31.10 grams

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UKRAINE RECEIVES EUR 50 MLN FROM EUROPEAN INVESTMENT BANK FOR VACCINATION

On Friday, December 10, the European Investment Bank (EIB) allocated EUR 50 million of loans to Ukraine, which will be used to finance coronavirus (COVID-19) vaccination program in the country, in particular, to purchase a sufficient amount of vaccines against COVID-19.
According to the EU Delegation to Ukraine press service on Friday, the loan will support the health system and increase Ukraine’s viability in the fight against COVID-19 pandemic.
“This financial transaction is part of Team Europe’s overall initiative to respond to the challenges of the COVID-19 pandemic,” the EU Delegation to Ukraine said in a statement.
To make vaccines more affordable for Ukrainians and strengthen the country’s ability to respond to the COVID-19 crisis and overcome its devastating consequences, the EIB has repurposed part of the funds of the current financial agreement.
“This is the Ukraine Municipal Infrastructure Programme (UMIP), signed between the EIB and Ukraine in 2015 in the amount of EUR 400 million. The EIB has allocated EUR 50 million under this agreement to finance the COVID-19 response. The agreement on the repurposing of the EUR 50 million loan was ratified by Ukraine in October 2021,” the office said.
According to Head of the EIB Resident Representation in Ukraine Jean-Erik de Zagon, the EIB is pleased to support the efforts of the Ukrainian government in the fight against COVID-19.
The banker said that to raise funds more quickly, the EIB managed to amend the already approved and existing loan. EUR 50 million repurposed for this aim will be used for the prompt procurement of vaccines. This is a necessary step to tackle the health and economic challenges of COVID-19, and to ensure a better future.
The procurement of vaccines against COVID-19 for funds provided by the EIB will be conducted by Crown Agents, previously approved by the Ukrainian government.

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UKRAINIAN IT COMPANY OPENS OFFICE IN AZERBAIJAN

Sitronics Telecom Solutions Ukraine LLC (Kyiv) changed its name to Seeton Group LLC, rebranded and starts operating in the markets of Eastern Europe and the Caucasus.
According to a message of the Ukrainian system integrator, circulated on Thursday, the company will focus on priority sectors where the IT component is most in demand: telecommunications and banking, industry, energy, agro, retail – and will strengthen cooperation with the public sector.
The new strategy envisages both intensification of activities in Ukraine and expansion of presence in the countries of Eastern Europe and the Caucasus.
Earlier in the same year, Sitronics changed its owner, in connection with which it revised its development strategy and lines of business. Also, a full-fledged rebranding was carried out, during which the company changed its name to Seeton, changed its visual style and revised its philosophy: mission, values and principles of work.
Expanding its technological activities in system integration, Seeton develops IT consulting. The company is actively working in the field of information security, business intelligence, servers, data storage systems and directly in consulting, helping companies and organizations, based on analytics and forecasting, comprehensively solve problems and plan the implementation of IT projects.
“Now we are entering the international market and will be able to apply the experience of working in Ukraine in other countries that are also on the path of digitalization,” Bohdan Khoroschak, director of Seeton, quoted by the press service.
At the same time, it is noted that in the next few years Seeton intends to invest in the development of employee competencies, expansion of the team and intensive training of specialists on existing and new products.
The second area of investment is business development abroad. Seeton has already opened a representative office in Azerbaijan, where it is conducting new projects with its first clients, and is planning further development in the Caspian region and in the neighboring countries of Ukraine.
As reported, in October 2020, the Antimonopoly Committee of Ukraine allowed relatives of owner of NEQSOL Holding Nasib Hasanov, who is a 100% beneficiary of the second largest Ukrainian mobile operator Vodafone Ukraine, to acquire 100% of Sitronics Telecom Solutions Ukraine LLC.
Sitronics Telecom Solutions Ukraine provides services in the Ukrainian market for technological solutions, structured cabling systems, networks and IT optimization expertise.

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MYKYTA APPOINTED AS HEAD OF ZAKARPATTIA REGION

President of Ukraine Volodymyr Zelensky signed decree No.635/2021 appointing Viktor Mykyta as head of Zakarpattia Regional State Administration.
According to the press service of the President’s Office, during a meeting, Zelensky introduced the new head of Zakarpattia Regional State Administration with an official certificate and expressed his conviction that his experience and knowledge would contribute to effective work in the position.

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2.5 MLN DOSES OF CORONAVAC VACCINE TO ARRIVE IN UKRAINE

On Sunday, December 12, two new batches of CoronaVac vaccine against coronavirus infection (COVID-19) will be delivered to Ukraine, the press service of the pharmaceutical company Lekhim has said.
“The Lekhim Group of Companies informs that on Sunday, December 12, 2021, two deliveries of CoronaVac vaccine for the prevention of COVID-19 [produced by Sinovac Life Science Co., Ltd.] will arrive in Ukraine,” the company’s website says.
It is noted that 2.447 million doses will arrive on Sunday.
“Estimated time of arrival is 12:00 – 2 million doses, and 19:20 – 447,000 doses,” the press service added.
It is also reported that the supply of the vaccine is carried out under a supplementary agreement to the agreement between Sinovac Life Science Co., Ltd. and PrJSC Lekhim.

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