Business news from Ukraine

Business news from Ukraine

RADA ON JUNE 28 TO HOLD GRAND MEETING ON OCCASION OF 25TH ANNIVERSARY OF ADOPTION OF CONSTITUTION

The Verkhovna Rada will hold a ceremonial meeting of parliament on the occasion of the 25th anniversary of the adoption of the Constitution of Ukraine, the website of the parliament reports.
This meeting will be held at 11:00 on June 28 in accordance with the order of the Chairman of the Verkhovna Rada of Ukraine No. 150 dated June 15, 2021 and pursuant to the resolution of the Parliament No. 971-IX dated November 4, 2020 “On the ceremonial meeting of the Verkhovna Rada of Ukraine on the occasion of the 25th anniversary of the adoption of the Constitution of Ukraine,” the announcement reads.
Previously International European University ORGANIZED SCIENTIFIC CONFERENCE DEDICATED TO 25TH ANNIVERSARY OF UKRAINIAN CONSTITUTION.
Conference topic:
“The 25th anniversary of the Constitution of Ukraine: the national tradition and European standards of constitutionalism.”
Purpose:
• Bringing Ukraine closer to the best European standards of the rule of law and protection of human rights and freedoms is one of the obligations undertaken by Ukraine when joining the Council of Europe, as well as one of the requirements for joining the EU.
• Study and discussion of new scientific and practical research topics in various fields of legal science. Exchange of views on their application and implementation.
• Exchange of experience in administration of law in various branches of law.
Thematic areas of the conference:
1. Scientific and practical paradigm of constitutionalization of the European integration process.
2. Social and legal standards and democratic values in the modern Constitution of Ukraine.
3. The constitutional process in the context of Ukraine’s European integration.
4. Constitutional foundations of the economic system of Ukraine.
5. Constitutional dialogue: availability and quality of higher education.
6. The role of the Constitution of Ukraine in the formation of the health care system in Ukraine.
7. Constitutional reform of the judicial and law enforcement agencies of Ukraine.
8. Sociological analysis of topical problems of a modern society.
The collection of conference materials is to be posted on the official website: https://ieu.edu.ua/
The working language of the conference: Ukrainian, Russian, English.

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RUSSIAN GAZPROM BOOKS ENTIRE ADDITIONAL TRANSIT CAPACITY OFFERED VIA UKRAINE FOR JULY AT JUNE VOLUME

Gazprom has booked the entire additional transit capacity offered via Ukraine for July at June’s volume, according to the monthly auction results on the Regional Booking Platform (RBP).
Gazprom on Monday booked additional transit capacity for July on the RBP, having requested 15 million cubic meters per day of the 15 million cubic meters per day offered, which was slightly less than the 14.2 million cubic meters per day booked at the respective auctions for February, March, and April. The volume was the same as the 15 million cubic meters per day booked for May and June, respectively.
Russia’s state-owned gas company has a long-term booking capacity of 40 billion cubic meters via Ukraine for 2021 at 109 million cubic meters per day, having booked an additional 15 million cubic meters per day at the auction for a total of 124 million cubic meters per day.
Gazprom in June has been pumping an average of 124 million cubic meters per day via Ukraine at the fully booked volume.
Europe at this time has sharply boosted its consumption of the blue fuel. Global supplies of LNG, as well as pipeline gas from Russia, are at their highest, though thus far this has not allowed for starting mass pumping into underground storage facilities in preparation of the upcoming winter.

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UKRAINE’S PAYMENTS ON PUBLIC DEBT TO EXCEED $10 BLN IN NEXT 12 MONTHS

Ukraine’s FX payments on public debt will exceed $10 billion in the next 12 months, the National Bank of Ukraine said in its June Financial Stability Report.
“In the next 12 months, only FX payments by the government and the NBU on the state and guaranteed debt will exceed $10 billion. In the hryvnia segment of the market, repayment of principal and interest in the second half of the year will exceed UAH 130 billion,” the central bank said on its website.
The regulator said that the schedule of debt payments in the next three years remains tight. However, the load is distributed relatively evenly, which should not create significant problems for the Ministry of Finance, although the average volume of auctions should still grow.
According to the report, the financing needs may be mitigated by the additional issue of special drawing rights (SDRs) in the amount of $650 billion being discussed by the International Monetary Fund (IMF) to support the global economic recovery.
“If the IMF Executive Board approves the decision, Ukraine will increase its FX reserves by about $2.7 billion, the NBU said in the report.

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SKYUP LAUNCHES FLIGHTS TO SAUDI ARABIA AND CROATIA

SkyUp Airlines (Kyiv) has launched charter flights from Lviv to Al-Qassim (Saudi Arabia), the company’s press service said on Tuesday.
“On 20 June, Lviv International Airport welcomed the first SkyUp charter aircraft from Al-Qassim, Saudi Arabia. It is expected that this flight will launch a number of planned flights by the airline from the Arabian Gulf countries to Ukraine,” the report said.
According to Head of the State Agency for Tourism Development Maryana Oleskiv, who is cited by SkyUp, the countries of the Arabian Gulf, together with the Central Asia region, are priority areas for the development of inbound tourism in Ukraine.
In addition, on June 20, SkyUp launched regular direct flights from Kyiv to Pula (Croatia). They will be operated on Thursdays and Sundays.
From June 23, the airline will also launch flights from Kyiv to Split, Croatia (flights will be operated on Wednesdays and Saturdays), and from June 25 – to Dubrovnik (flights will be operated on Fridays).
Direct flights to Pula are also operated by Ukraine International Airlines (UIA) and Windrose Airlines, and to Split – by UIA.
As reported, Flynas Airlines (Saudi Arabia) on June 11 launched its first flight from Kyiv to Riyadh. Prior to that, Ukraine did not have regular direct flights with Saudi Arabia.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 22/06/21

National bank of Ukraine’s official rates as of 22/06/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JUNE 22

Official rates of banking metals from national bank as of June 22

One troy ounce=31.10 grams

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