Business news from Ukraine

Business news from Ukraine

GERMAN CHANCELLOR SCHOLZ: GERMANY SUPPORTS UKRAINE IN PROTECTING ITS SOVEREIGNTY

German Chancellor Olaf Scholz says that Germany supports Ukraine and “acts decisively.”
“Our goal must be that Ukraine can defend its sovereignty, its freedom and its democracy. We support them in this. We are acting prudently and adapting to the current situation. And we are acting decisively,” he tweeted.
As reported, Finance Minister Serhiy Marchenko said last week that preparations had recently begun for the next EUR150 million loan from Germany, which will help support Ukraine’s macro-financial stability.
According to him, only in the second half of April, Germany received a EUR150 million loan to support small and medium-sized businesses, an agreement on which was reached back in March 2020.
“Minister Christian Lindner also noted that they are considering providing us with military support in the amount of EUR1 billion, but we expected from Germany no less financial support than that provided by the UK, Canada or the United States,” Marchenko said.

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THE SWEDISH EMBASSY WILL RETURN TO KYIV TOMORROW

On Wednesday, May 4, the Swedish Embassy in Ukraine will resume its work in Kyiv, Swedish Foreign Minister Ann Linde said.
“On Wednesday, the Swedish Embassy will reopen in Kyiv. Thanks to Tobias Tyberg for the time and for your hard work, and Poland for temporarily hosting us. Sweden will continue to be with Ukraine and is glad that Sweden will return to Ukraine,” Linde wrote in Twitter on Monday.

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MINISTER OF FOREIGN AFFAIRS OF UKRAINE – GERMANY PLAYS DECISIVE ROLE IN INTRODUCTION OF OIL EMBARGO AGAINST RUSSIA

Ukrainian Foreign Minister Dmytro Kuleba, following a conversation with the head of German diplomacy Annalena Berbock, said that Germany plays a decisive role in preparing the EU oil embargo against Russia.
“I spoke with my German colleague Annalena Burbock and thanked her for her decision to support the oil embargo against Russia. Germany plays a decisive role in preparing this step. I also stressed that granting Ukraine the status of an EU candidate is in the interests of Ukraine, Germany and Europe,” he wrote. Kuleba on Twitter on Monday.

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RUSSIAN FOOTBALL CLUBS ARE DEPRIVED OF OPPORTUNITY TO PARTICIPATE IN ALL EUROPEAN TOURNAMENTS

The Union of European Football Associations has decided not to allow Russian clubs to participate in the Champions League and Europa League season 2022/2023, the UEFA press service reported on Monday.
There will be no Russian clubs in UEFA club competitions in the 2022/23 season.
Thus, there will be no Russian teams next season in the UEFA Champions League, UEFA Europa League, UEFA Conference League, UEFA Women’s Champions League and UEFA Youth League.
Russian clubs and national teams were suspended by the decision of UEFA and FIFA on February 28 due to the situation in Ukraine.

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150,000 ACTIVE USERS CONNECT TO STARLINK IN UKRAINE EVERY DAY

Starlink’s satellite Internet in Ukraine has about 150,000 active users every day, Deputy Prime Minister – Minister of Digital Transformation of Ukraine Mykhailo Fedorov said, citing data from Apptopia.

“Now Starlink terminals work for social infrastructure facilities – these are schools, hospitals, village councils, fire stations. After the liberation of the cities of Kyiv and Chernihiv regions, operators began to restore communication using Starlink,” he wrote.

According to Fedorov, there are villages in these regions where 10 km of cable were killed by shelling.

“Thanks to one Starlink station, the provider was able to quickly restore access to the Internet. This is a unique experience of using Starlink, which has never happened before in the world,” the minister stated.

As reported, in addition to Starlink satellite Internet stations, the head of Tesla Inc. Elon Musk also donated Tesla Powerwall solar panels to Ukraine.

Earlier, a representative office of Elon Musk’s SpaceX company, Starlink Ukraine, was registered in Ukraine.

Starlink became active in the country on February 27, 2022.

The National Commission, which carries out state regulation in the areas of electronic communications, radio frequency spectrum and postal services, at the initiative of the State Special Communications Service, on April 20, allowed everyone to use Starlink satellite terminals for the period of martial law.

Starlink is a global satellite system for accessing the Internet in remote corners of the Earth.

STATE BUDGET OF UKRAINE FOR FIRST FOUR MONTHS OF 2022 IS EXECUTED WITH DEFICIT OF UAH 146.6 BLN

The state budget of Ukraine for the first four months of 2022 was executed with a deficit of UAH 146.6 billion, including the general fund with a deficit of UAH 157.2 billion, with a planned deficit for this period of UAH 317.1 billion, such preliminary results The Treasury Department announced on Monday.

Taking into account its data on the results of three months, in April the deficit of the general fund of the state budget amounted to UAH 89.7 billion compared to UAH 80.6 billion in March, while in February and January there were surpluses of UAH 1.1 billion and UAH 12 billion, respectively. UAH

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