Business news from Ukraine

Business news from Ukraine

PRICE OF GAS IMPORTED TO UKRAINE GROWS BY 20%

Natural gas to the territory of Ukraine in August 2021 was imported at an average price of $427.88 (UAH 11,457) per 1,000 cubic meters, the Ministry of Economy reported on Monday.
Thus, the price of gas imported in the past month was 19.7% higher than the price of July 2021 in U.S. dollars, when it stood at $357.32 (UAH 9,747) per 1,000 cubic meters.

, ,

ELINA SVITOLINA REACHES QUARTER-FINAL OF US OPEN

Elina Svitolina has reached the quarterfinal of the US Open – the US open tennis championship, which is the fourth and final tennis tournament in the Grand Slam series, the Grand Tennis of Ukraine said on its website.
Svitolina defeated her principal rival Simona Halep from Romania in the 1/8 final of the US Open with the scores of 6:3 and 6:3.
This was the tenth meeting of the rivals and the sixth victory of the Ukrainian. However, the first one was at the Grand Slam tournaments: the previous two were won by the Romanian.
In the quarter-finals, Svitolina will play with the winner of the meeting between Angelique Kerber from Germany and Canadian Leylah Fernandez.

,

OPEN4BUSINESS HELPS FOREIGN BUSINESSES TO SEARCH FOR OPPORTUNITIES AND EXPAND TO UKRAINIAN MARKET

Open4Business is a platform created to help foreign businesses to search for opportunities and expand to Ukrainian market.
The platform and related organizations provide a holistic set of services needed to successfully penetrate the Ukrainian starting from establishing foreign trade relations with local companies and up to establishing a subsidiary or acquiring a company in Ukraine.

You are welcome to contact:
info@open4business.com.ua
tel./fax: +38(067)970-52-59

The List of Main Services:
– Market information and market intelligence
– Searching trade partners and organizing fact finding trips
– Governmental relations
– PR campaigns
– Full range of M&A services
– Production outsourcing project management
– Legal advisory services including licencing and certification, etc. (together with associated companies).

MTIBU EXCLUDES U.B.I.-COOP INSURER FROM MEMBERS

The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) has excluded U.B.I.-COOP Insurance Group (Kyiv) from the associated members of the Bureau.
As reported on the MTIBU website, the reason for this decision was the insurer’s debt to pay the guarantee fee to the MTIBU funds.
In this regard, from September 1, the company has no right to conclude contracts for compulsory civil liability insurance of land vehicle owners (OSAGO).
At the same time, the Bureau notes that the termination of U.B.I.-COOP insurer’s membership in MTIBU does not relieve the insurer from fulfilling obligations under the OSAGO contracts concluded by it.
As reported, the rating agencies Standard-Rating and Expert-Rating at the end of April 2021 decided to suspend the financial stability rating of U.B.I.-COOP Insurance Group due to the temporary suspension of all licenses of the insurer by the National Bank of Ukraine on April 19, 2021.
U.B.I.-COOP, registered in 2000, specializes in providing services in the field of risk insurance.

, ,

ALBANIA INTRODUCES NEW ENTRY REQUIREMENTS FROM TODAY

From September 6, new requirements are introduced for all persons entering the territory of Albania, the Ministry of Foreign Affairs of Ukraine said.
According to the interactive map of the Ministry of Foreign Affairs of Ukraine (tripadvisor.mfa.gov.ua), to enter Albania, one of the documents will be required, such as a passport of full vaccination against coronavirus (COVID-19) infection (the last vaccination must be done no later than 2 weeks before the planned date entry), negative PCR test done no earlier than 72 hours before entry, or negative test for COVID-19 antigen done no later than 48 hours before entry, certificate of previous COVID-19 disease within the last six months.

,