Business news from Ukraine

Business news from Ukraine

TASTING OF UKRAINIAN WINE WILL TAKE PLACE FOR THE FIRST TIME IN UKRAINE AT AN ALTITUDE OF 10,000 METERS

Odessa Airport, May 22, 12.00 – 14.00
For the first time in Ukraine!
Only 150 passengers of UIA’s unique flight will be the first to taste the top five Ukrainian wines – winners of the Odessa Wine & Spirit Awards All-Ukrainian tasting competition at an altitude of 10,000 meters – in combination with culinary specialties of Odessa and Bessarabian cuisine.
To emphasize the exquisite taste and aroma of the best wines of Ukraine, special tasting glasses of the world famous RIEDEL brand, provided by the MIRS Corporation, the official distributor of RIEDEL in Ukraine, will be used.
Individual tasting glasses and aprons will remain with the passengers of the flight as a memento of the unique air travel.
The tasting will be conducted by a highly qualified sommelier, and the on-board service will be provided by UIA flight attendants with diplomas in wine etiquette.
Air Tasting is a joint project of Odessa Wine Week and UIA to promote the Ukrainian wine brand.
We are bringing Ukrainian wine to a new height! We will take off with UIA on May 22 at 12.00.
Route: Odessa airport – horizontal flight with tasting at an altitude of 10,000 meters – Odessa airport.
The event is held with the assistance and full support of the Odessa International Airport.
Seats are limited, please send inquiries to excursion@flyuia.com.
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Odessa Wine Week is a series of events about wine, winemaking and wine and gastronomic tourism. It takes place in Odessa from May 18 to May 23.
Join this important event!
For media accreditation at Odessa Wine Week and detailed information about the project follow the link: https://odessawineweek.com/
Project news: https://www.facebook.com/odessawineweek/
General news partner of Odessa Wine Week: Interfax-Ukraine
Organizers of Odessa Wine Week:
Expo-Yug-Service company
Odessa National Academy of Food Technologies
Public Union UKRSADVINPROM

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NET SUPPLY OF FOREIGN CURRENCY FROM UKRAINIAN POPULATION IN JAN-APR AMOUNTS $970 MLN

The net supply of foreign currency from the Ukrainian population since the beginning of the year as of May 11 amounted to $970 million, Head of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn has said.
“Net sales of foreign currency by the population from the beginning of the year to May 11 amounted to $706 million in cash transactions and $264 million in non-cash transactions,” he wrote on Facebook on Wednesday.
Danylyshyn said that in May the exchange rate of the hryvnia on the interbank FX market continued to strengthen for the third week in a row, reaching its high in the past month and a half amid an increase in the supply of foreign currency from the banks’ clients.
According to him, the FX reserves of the NBU as of May 11 amounted to $27.9 billion, which is 4%, or $1.2 billion less than at the beginning of the year, and 0.4%, or $100 million, less than at the beginning of the month.
The head of the NBU Council added that in April, the volume of transactions of banks’ clients with non-cash foreign currency, taking into account swap transactions, decreased 12.1% as for transactions for the sale of foreign currency and by 8.5% as for transactions for the purchase of foreign currency.
At the same time, the prevalence of demand for foreign currency over supply in respect of client operations in April amounted to $520 million (including $286.5 million on a forward basis) and was satisfied mainly through the sale of foreign currency by banks.

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U.S. AND UKRAINE TO HOLD TRADE AND INVESTMENT COUNCIL

Deputy Minister of Economy, Trade Representative of Ukraine Taras Kachka and U.S. Trade Representative Katherine Tai agreed to hold a Trade and Investment Council.
“We talked about the need to strengthen dialogue on climate change, non-tariff rules for industrial and food products both in the context of strengthening the World Trade Organization (WTO) and on the bilateral track. We agreed to hold a Council on Trade and Investment and talk,” Kachka wrote on Facebook on Wednesday following a discussion with Tai on key trade issues held on May 11.
During the conversation, Tai expressed support for the idea of free production of vaccines (waiver), he said.
“We expressed our support. Ukraine is ready to act as a compressor of the waiver initiative and to convince the EU that it is necessary,” Kachka said.
With regard to duties on metallurgical products, the United States, according to Kachka, is ready to seek an individual approach to metal trading in order to overcome the problem of overcapacity.
“We explained that the duties and the EU measures applied later ended in the opposite direction in terms of overcapacity [excess capacity]. In general, Ukraine is more likely a partner of the West in transforming metallurgy,” Ukrainian trade representative added.

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UKRAINE BOOSTS FERROALLOY EXPORT BY 24%

Ukraine in January-April of this year increased exports of ferroalloys in kind by 24.1% compared to the same period last year, to 205,506 tonnes.
According to customs statistics released by the State Customs Service, in monetary terms, exports of ferroalloys decreased 13.1%, to $246.614 million.
The main export of ferroalloys was to Turkey (17.42% of supplies in monetary terms), Poland (13.08%) and Italy (12.69%).
In addition, in January-April 2021, Ukraine imported 18,547 tonnes of these products, which is 28% more compared to January-April 2020. In monetary terms, imports grew by 17.2%, to $43.224 million.
Imports were mainly from Brazil (17.9%), Kazakhstan (16.92%), and the Czech Republic (11.69%).
PrivatBank (Kyiv) prior to its nationalization organized the business of Stakhanov and Zaporizhia ferroalloys plants. Nikopol Ferroalloy Plant is under control of the EastOne Group, established in autumn 2007 as a result of the restructuring of the Interpipe group, as well as the Privat Group.

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ENGLISH AND UKRAINIAN AUDIO GUIDES LAUNCHED AT MARIYNSKY PALACE

As part of the project of the First Lady of Ukraine, Olena Zelenska, Ukrainian-language and English-language audio guides were launched at the Mariyinsky Palace in Kyiv, the presidential press service said.
“I am glad that the direction of the cultural diplomacy project is now developing in Ukraine. The launch of audio guides in Ukrainian and English will help expand the audience of visitors to the Mariiynsky Palace,” the presidential press service quoted Zelenska as saying.
The launch of the audio guides was attended by Ukrainian Foreign Minister Dmytro Kuleba, Minister of Culture and Information Policy Oleksandr Tkachenko, U.S. Charge d’Affaires in Ukraine Kristina Kvien, British Ambassador Extraordinary and Plenipotentiary to Ukraine Melinda Simmons and others.
Reportedly, the Mariyinsky Palace has been under reconstruction for 12 years. After the decree of the President of Ukraine was signed, it again opened its doors to visitors from September 2020.

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PRESIDENT OF UKRAINE ANNOUNCES OPENING OF CYBERSECURITY UNIVERSITY

President of Ukraine Volodymyr Zelensky announced that soon a university, which prepares the specialists in combating and countering cyber threats, will be opened in the country.
“We will open a new powerful university, the presentation is almost ready. A university that will have such professions related to the cybersecurity of the country, of the people. Cybersecurity is one of the main faculties of this university […] We will select the best children, we will give very high scholarships […] modern laboratories, cyber centers, biochemical centers will be built there […]”, Zelensky told reporters after speaking at the Ukraine 30 All-Ukrainian Forum.
The President also said that the university will also have a powerful selection of teachers, primarily Ukrainians, but foreign specialists will also be attracted, who will be paid high salarie.

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