Exports of sunflower oil in the 2020/2021 marketing year (MY, September-August) decreased by 21% compared to the 2019/2020 MY, to 5.28 million tonnes, which amounted to 98.1% of the maximum volume agreed by the Ministry of Economy and the Ukroliyaprom association, such preliminary data are given on the website of the association.
According to the organization, the maximum export volumes of sunflower oil in the 2020/2021 MY are limited at 5.38 million tonnes. Thus, over the past MY, exporters could supply another 100,000 tonnes of this product to foreign markets, but did not take advantage of this opportunity.
Earlier it was reported that the Ministry of Economy in April 2021 signed a memorandum of understanding with exporters, limiting the export of sunflower oil in the 2020/2021 MY at 5.38 million tonnes to stabilize the domestic market, while previously the annual export was estimated at 5.52 million tonnes.
As an alternative to the memorandum, the Ministry of Economy proposed the introduction of quotas for the export of sunflower oil and meal, which was opposed by a number of Ukrainian specialized associations and public organizations, including Ukroliyaprom, the Ukrainian Grain Association, the Ukrainian Agrarian Confederation and the Ukrainian Agri Council.
Bill No. 3637 on virtual assets was adopted by the Verkhovna Rada at the second reading on Wednesday, and it was supported by 276 MPs.
Deputy Prime Minister, Minister of Digital Transformation Mykhailo Fedorov said in Telegram that currently the daily turnover of virtual assets in Ukraine is UAH 1 billion, but all this is in the shadows. Thus, international exchanges are not able to enter Ukraine. Taxes are not paid on any transactions with virtual assets.
“Thanks to the [adopted] bill, this will be settled. Favorable conditions will be created that will allow companies to register in Ukraine, and not abroad. The budget will receive taxes, and entrepreneurs feel protected. Only a few countries in the world have legalized crypto assets – Germany, Luxembourg, and Singapore. Ukraine will be one of them,” he said.
“Now virtual assets have become an object of civil rights, an object of civil circulation. However, there is a lot of work ahead. During the year we must amend the Civil Code and, of course… the tax code, develop by-laws,” the head of the parliamentary committee on finance, tax and customs policy, Danylo Hetmantsev, said.
Odesa 5T is a business event arranged in the South of Ukraine, an international platform for interaction, networking, cooperation, dialogue and discussions between the governmental agencies, municipalities, the international community, diplomatic missions, organizations, foundations, business circles and experts.
Odesa 5T features projects in five key directions of the city development: tourism, transport, technology, trade, trust.
For the sixth year in a row, Odesa 5T will serve as a platform for business and start-up presentations, a perfect spot to meet new partners, investors, business angels, a platform showcasing Odessa’s capacities, the business community of this city, Ukraine and the whole world.
This year the event has reached a new level: there will be a joint presentation of the investment potential of Odessa and the Odessa region.
The Forum will focus mainly on the Odessa Development Strategy 2030, a new large-scale project to create an eco-industrial park “Priority Development Zone in Odessa”, trends in the regional investment market, government support for domestic and foreign investors.
The business vision “Odessa Region – 2050” initiated by the Odessa Business Club will be presented to the participants.
The event will be attended by the leading Ukrainian and international speakers.
On the first day of the event, September 16, the pannelists will discuss the following:
Speakers:
Sergey Grinevetsky, Head of the Odessa Regional State Administration
Dmitrii Sinichenko, Chairman of the State Property Fund of Ukraine, representative of the EBRD
Moderator: Sergey Tetiukhin, Deputy Mayor of Odessa
Speakers:
Anatolii Dolinnii, Ukrainian Business Council
Maksim Svirsky, Manager of the Executive Committee under the City Council
Anna Derevianko, EBA
Artem Stepanchuk, TM UFT
Speakers:
Roman Babitskii, Chairman of the Council for the International Investment and Economic Development of Ukraine
Eymantas Kludoulas, Klaipedos FEZ
Yuri Filyuk, “Prompribor”
Vitali Barannikov, Ecopolis KhTZ
Svetlana Yarovaya, Vinnytsia Municipal Innovation Center, Vinnytsia Industrial Park
Alongside, several memorandums will be signed.
On the first day, the Made in Odesa & Invest in Odesa exposition will be open for public on the territory of the concert hall, where entrepreneurs and representatives of the municipality will showcase the products, services and projects made in Odessa.
At the end of the first day there will be the traditional evening 5T Awards ceremony, which will recognize projects and companies that have achieved success in the five key areas of Odesa 5T and contributed to the development of the city in 2020.
On the second day, September 17, the leading speakers and fundraisers from Europe, as well as the well-known urbanists and architects from Ukraine will take the stage.
A workshop with the designer and chief urbanist of Eindhoven, Cees Donkers (Netherlands) is a must-be event.
Daria Pikalova, fundraiser of the Odessa 5T grant office, will present the results of the grant project Digital Cultural Routes: A Tool for the Development of the Cultural Sector, a mobile application called Let’s Odesa.
Note: We took all the possible preventive measures to stop the spread of COVID-19 as per the official requirements.
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The Ministry of Agrarian Policy and Food has signed an agreement with Lindsay (the United States), a large international company, on the production of irrigation equipment and the creation of an industrial cluster in Ukraine to localize some of the products for irrigation. Minister of Agrarian Policy Roman Leschenko wrote about this on Facebook, commenting on the results of the working trip of President Volodymyr Zelensky and a number of government members to the United States made early September. “An agreement has been signed with Lindsay, the world leader in the field of irrigation equipment. It is ready to launch the production of a full range of irrigation equipment with a significant local content in Ukraine,” the minister wrote.
Leschenko said that each investment project that forms a new industry and provides new jobs will be accompanied by a profile minister in the “investment nanny” mode.
“On these terms, we will cooperate with Lindsay, because this is about creating a new cluster and a new technological base for the rational use of water resources: from pumps, irrigation machines to IT technologies, monitoring systems and artificial intelligence,” he wrote.
In addition, he recalled the $3 billion agreement signed on September 2 between Ukraine and the U.S. Export-Import Bank (EXIM), in which agriculture was named one of the priority areas of financing.
Independent members of the supervisory board of NJSC Naftogaz Ukrainy resigned on Tuesday, a government source has told Interfax-Ukraine.
As reported, Naftogaz CEO Yuriy Vitrenko and independent members of the board were not able to to develop a constructive dialog. Prime Minister of Ukraine Denys Shmyhal on Monday evening met with independent members of the Naftogaz supervisory board, and on Tuesday morning, the members of the supervisory board talked with the company’s management board.
On September 7, the prime minister announced in his Telegram channel that the competition for the selection of four members of the supervisory board of Naftogaz Ukrainy will be announced within a week.
According to him, the competition should end in November this year so that the new supervisory board has enough time to determine the requirements for a candidate for the post of chairman of the Naftogaz board and hold a competition to select him no later than May 1 of next year.
The Cabinet of Ministers of Ukraine, by order No. 494-r dated May 19, 2021, elected three independent members of the Supervisory Board for a new term of up to one year: Clare Spottiswoode (Great Britain), Bruno Lescoeur (France) and Ludo Van der Heyden (Belgium), as well as two representatives of the state: Nataliya Boyko and Yulia Kovaliv.
In addition, the powers of a member of the Supervisory Board representing the state, Robert Bensch, were prematurely terminated, and Yulia Svyrydenko, Deputy Head of the Office of the President of Ukraine, replaced him.
Some 13 participants of the nonbank market were removed in August of this year from the registers: two financial companies, seven insurers (one insurance company left the market voluntarily, six – forcibly), one pawnshop, two credit unions and one leasing company, according to the website of the regulator.
Some 153 non-life insurers (there were 160) and 17 life insurers, 286 pawnshops (there were 287), 301 credit unions (there were 303), 138 leasing companies (there were 137), 977 financial companies (was 973) and 61 insurance brokers are operating on the nonbank market now.
The NBU said that in general, in August, the number of participants in the nonbank financial market decreased from 1,938 (as of July 31) to 1,933 (as of August 31). The number of banks decreased from 73 to 72, since in August OJSC Settlement Center ceased its banking activities.
The regulator also said that in August, the NBU registered eight new players in the nonbank financial market: six financial companies and two leasing companies.
Some 37 payment systems created by residents and 14 international payment systems created by nonresidents operate on the payment market. In August, the registration of the Khazri international payment system, created by nonresidents, was canceled.
The National Bank received 604 requests from market participants for registration and licensing actions in August. The largest number of inquiries related to financial companies, pawnshops and lessors – 490. The number of inquiries from credit institutions (banks and credit unions) was 32, insurers – 82.
During the reporting period, the National Bank continued to apply enforcement measures to participants in the nonbank financial market. In particular, the regulator, on its own initiative, canceled all licenses for 45 institutions: 28 financial companies, one insurance company, 13 pawnshops and three leasing companies. Also in August, the NBU temporarily suspended the licenses of six insurance companies for violations committed by them.
