Business news from Ukraine

Business news from Ukraine

PRESIDENT OF UKRAINE AND JOE BIDEN HOLD SUBSTANTIVE TALKS

President of Ukraine Volodymyr Zelensky and U.S. President Joe Biden discussed in detail the construction of the Nord Stream 2 project from Russia to Germany, Ukraine’s integration into NATO, the situation in Donbas and the implementation of reforms in Ukraine, adviser to the President’s Office head Mykhailo Podoliak has said.
“The conversation was very specific, substantive and covered key topics for our bilateral relations. The risks of the Nord Stream 2 construction for European security, the fastest and most effective Ukraine’s integration into NATO, the real situation in Donbas without any admixture of Russian propaganda, the obvious implementation of reforms in Ukraine and, in particular, the process of de-oligarchization,” Podoliak told Interfax-Ukraine.
According to him, “both the President of the United States and the President of Ukraine assess the existing risks for the European region security pretty much the same.”
Podoliak also said that “President Biden invited President Zelensky to visit Washington in July upon Biden’s return from a series of summits to be held in June.” “This is a G7 meeting, a NATO summit, a bilateral summit between the United States and Russia,” he said.
“After all these events, it will be quite logical to once again coordinate the policies of our states, and once again conduct and synchronize our partner positions,” the adviser to the President’s Office head said.

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UKRAINE EASES QUARANTINE RESTRICTIONS

The Cabinet of Ministers of Ukraine has eased quarantine restrictions, allowing, in particular, the holding of mass events (including in entertainment venues [nightclubs] and catering establishments) with the condition of one person per 4 square meters of the area of ​​the building, territory or the fullness of the halls for more than two-thirds of the seats (placement is carried out in compliance with the filling of two rows by visitors and one empty row). This is enshrined in resolution of the Cabinet of Ministers No. 583 of June 2, 2021.
In addition, restrictions do not apply provided that all participants and organizers of the event have a negative test result for COVID-19 by a PCR or rapid antigen test conducted no more than 72 hours before the event, or a document confirming the receipt of the full course of vaccination.
It is also allowed to receive visitors in cinemas and other cultural institutions with a capacity of no more than two-thirds of the seats.
In addition, the “green” level of epidemic danger will be established if the number of detected new cases of COVID-19 infection per 100,000 population in the last 14 days is less than 75, the detection rate of cases of COVID-19 infection by a PCR or rapid antigen testing is less than 4%, the number of tests by a PCR or express testing during the last seven days per 100,000 of the population is more than 300, and there are no regions with an established “red” level of epidemic danger throughout Ukraine.

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THE 12TH INTERNATIONAL UKRAINIAN ENERGY FORUM OF THE ADAM SMITH INSTITUTE

14-16 July at Parkovy Congress and Exhibition Centre, Kyiv.

It is with great excitement we announce that Ukrainian Energy Forum returns to serve as the annual meeting place for international energy leaders on 14-16 July at Parkovy Congress and Exhibition Centre, Kyiv.

With this invitation via Interfax Ukraine you are entitled to a 15% discount.

Simply quote your VIP code: EUC017mINT.

REGISTRATION ONLINE >>

Meet our first speakers joining the line-up for the Ukrainian Energy Forum:
• Andriy Gerus, Chairman of the Committee on Energy, Housing and Utilities Services, Verkhovna Rada of Ukraine
• Janez Kopač, Director, The Energy Community
• Roman Opimakh, Chairman, State Service of Geology and Mineral Resources of Ukraine
• Maxim Timchenko, CEO, DTEK
• Victor Gladun, CEO, JKX Oil&Gas
• Oleg Nykonorov, CEO, Regional Gas Company
• Maris Kunickis, CEO, DTEK Renewables
• Volodymyr Kudrytskyi, Chairman of the Management Board, Ukrenergo
• Sergiy Makogon, General Manager, Gas TSO of Ukraine
• Dale Perry, Managing Partner, ERU
• Igor Schurov, General Director, DTEK Oil&Gas
• Ihor Syrota, CEO, Ukrhydroenergo

VIEW THE FULL LIST OF CONFIRMED SPEAKERS TO DATE>>

Next month the Forum will bring together around 80 speakers and 400 attendees, providing the leading platform for domestic and international decision-makers to have practical discussions about new opportunities for the business, industry and international community.
Among the new discussion topics this year:
• Energy security in the context of NS2 developments
• Developing LNG partnerships
• Domestic retail gas market functioning under the new annual contracts
• Regional Gas Hubs and GTSO of Ukraine’s strengths and opportunities
• Building a business case for hydrogen
• Tapping into the reserves on the Black Sea shelf and Yuzivska field
• PECs as a way to tackle depleted and mature fields in Western Ukraine
• Facilitating investment into upstream through the presidential Law on State Support for Investment Projects
Electricity Focus Day:
• Addressing historical feed-in-tariff debt in the power market and future financing of renewable energy projects
• Unlocking onshore and offshore wind potential
• Large-scale commercial energy storage projects
• Modernisation and privatization of distribution assets (DSOs)

VIEW THE EVENT PROGRAMME >>

We look forward to seeing familiar and new faces in July, offline or online!
If you have any enquiries or suggestions do not hesitate to contact Anna Kuzminskaya: +380 63 7673207 A.Kuzminskaya@adamsmithconferences.com

For detailed information and registration follow the link >>

Join the UEF Group on FACEBOOK and follow our updates.

open4business.com.ua – media partner

LAUNCH OF DIRECT FLIGHTS BETWEEN UKRAINE AND SAUDI ARABIA: FLYNAS CELEBRATED THE APPOINTMENT OF ITS AGENT IN UKRAINE

The national air company of Saudi Arabia and the leading low-cost airline in the Middle East, Flynas, has celebrated the appointment of the Ukrainian-Arab Company as its agent in Ukraine.

The event took place on Wednesday, 2 June, in the presence of Flynas CEO Bandar bin Abdul Rahman Al-Muhanna, airline employees and representatives of the Ukrainian-Arab Company.

This stage is a continuation of the airline’s strategy to open direct flights to Ukraine after the Ukrainian side canceled entry visas for Saudi Arabians.

The airline considers this event to be a new stage of expansion, since it is included in the plans to open new direct flights with various states, as well as with Ukraine. This step will help strengthen economic and tourism relations between the Kingdom of Saudi Arabia and Ukraine.

Importantly that following the strict quarantine Flynas has launched a number of new flight routes to improve its strategy by opening new routes ahead of the 2021 summer season.

Flynas continues to expand its fleet with a plan to purchase 120 A320neo aircraft for a total value of 32 billion Saudi riyals, of which 15 new aircraft have been received to date.

Source: IA “Ukraine in Arabic”

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UKRAINIAN STATE TREASURY PLACES LIST OF LARGEST RECIPIENTS OF VAT REFUNDS IN MAY

Kernel-Trade in May 2021 topped the list of the largest recipients of budget value added tax (VAT) refunds with an indicator of almost UAH 1.67 billion, while in the past month there was no information on refunds, according to the data on the website of the State Treasury.
According to the report, the top three also included two metallurgical enterprises: PJSC ArcelorMittal Kryvyi Rih with an indicator of almost UAH 1.05 billion compared to UAH 556.2 million in April, as well as Zaporizhstal with UAH 583.8 million against UAH 700.9 million, respectively.
Agricultural exporter Suntrade, leading in April, received UAH 519 million of budgetary VAT refunds in May, which is almost half the previous figure of UAH 950.8 million, according to the statistics of the agency.
The top five largest recipients of budget VAT refunds also included Mariupol-based Illich Metallurgical Plant, affiliated with Metinvest Group, which in a month slightly reduced the figure from UAH 500 million in April to UAH 465.6 million in May.
The top ten largest recipients of budget VAT refunds in May also included ADM Ukraine with UAH 403.2 million (there was no information on refunds in April), Nibulon with UAH 314.5 million (UAH 298.4 million), AT Cargill with UAH 253.8 million (almost UAH 159 million).
They are followed by Dniprovsky Metallurgical Plant with UAH 251 million (UAH 251.2 million) and Poltava Mining and Processing Plant (GOK) with UAH 239.2 million (UAH 212.8 million), which have practically not changed their indicators for the month.

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UKRAINE AGREES ON EXPORT OF LIVESTOCK TO KUWAIT

The Ministry of Foreign Affairs of Ukraine and the State Service for Food Safety and Consumer Protection have agreed on the form of an export veterinary certificate for the supply of small livestock to Kuwait with the relevant authority of this country, according to a posting on the website of the State Service for Food Safety and Consumer Protection.
“Ukrainian producers engaged in breeding and raising small livestock are able to compete in the global market. The opening of the Kuwait market for the export of small ruminants creates additional opportunities for them. For our part, my colleagues from the Ministry of Foreign Affairs and I will continue opening new export markets,” Head of the authority Vladyslava Mahaletska said.
The form of this certificate is posted on the website of the State Service for Food Safety and Consumer Protection.
As reported, in May, the State Service for Food Safety and Consumer Protection agreed on the form of an export veterinary certificate for the supply of milk and dairy products to Kuwait.
Over the past six months, in April, eight new markets were opened for Ukrainian exporters, 63 commodity items were repeatedly approved in 11 states and international economic organizations. Markets in Japan, Libya, Argentina and Lebanon were opened for milk and dairy producers. Domestic producers were able to supply eggs to Ethiopia, animal protein to Serbia, and cattle to the UAE. The export of arachnids (insects used to protect agricultural crops) is open to the Lithuanian market.

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