Business news from Ukraine

Business news from Ukraine

UKRAINIAN FOOTBALL TEAM BEATS SWEDEN AND REACH QUARTER-FINALS OF EUROPEAN FOOTBALL CHAMPIONSHIP

The Ukrainian national football team beat the Swedish national football team with a score of 2:1, reaching quarter-finals of the European Football Championship 2020.
The Ukrainian national football team beat the Swedish national football team with a score of 2:1 and advanced to quarter-finals of the European Football Championship, where it will play against the England national football team, which beat Germany on Tuesday. The match will take place in Rome.
The Ukraine-Sweden match took place on Tuesday June 29 in Glasgow, Scotland.
The Ukrainians opened the scoring in the 27th minute. Oleksandr Zinchenko scored on a pass of Andriy Yarmolenko. In the 43rd minute, Emil Forsberg equalized the score.
The winning goal was scored by Artem Dovbyk, it was his first goal for the national team a few minutes before the end of extra time.

, , , ,

UNION OF DAIRY ENTERPRISES TO SEEK INTRODUCTION OF EMBARGO ON BELARUSIAN DAIRY

A number of enterprises representing the dairy industry are preparing a statement for consideration by the Interdepartmental Commission on International Trade to ban the import of dairy products from Belarus to Ukraine, since the embargo it introduced in 2016 on Ukrainian dairy products is a discriminatory and unfriendly action.
This was announced by Head of the Union of Dairy Enterprises of Ukraine Vadym Chaharovsky to Interfax-Ukraine on Tuesday.
“We believe that in this case it is necessary to apply Article 29 of the law on foreign economic activity on protection from unfriendly actions of states or economic groups. We believe that the Republic of Belarus took such discriminatory unfriendly actions against Ukraine,” he said.
Chaharovsky said that in 2015, Belarus supported the Russian embargo on the import of Ukrainian dairy products, which came into effect on January 1, 2016. At the same time, the Ukrainian market is currently open for the products of 14 milk processing enterprises from Belarus.
According to Article 29 of the law on foreign economic activity, in response to discriminatory and/or unfriendly actions of other states, customs unions or economic groups, Ukraine may apply a full or partial ban on trade; deprivation of most favored nation or preferential special treatment; introduction of special duties; introduction of a licensing regime for foreign economic operations; establishment of quotas.
The head of the union said that the Ministry of Economy refused to conduct a special investigation of the growing imports of dairy products to Ukraine, an application for which was submitted in February 2021 by a group of 14 enterprises representing the dairy industry. He said that the enterprises are going to submit a repeated application within the next 10 days.

, ,

UKRAINIAN DAIRY INDUSTRY NEEDS UAH 45 BLN TO OVERCOME CRISIS

To prevent crisis processes in the dairy industry of Ukraine, it is necessary to adopt a national program for the development of dairy farming and milk processing industry, the implementation of which will allow increasing the number of cows, production and processing of milk by 2030, Head of the Union of Dairy Enterprises of Ukraine Vadym Chaharovsky said at a press conference at Interfax-Ukraine on Tuesday.
“It is necessary to adopt a national program for the development of dairy farming and milk processing industry. We have already developed a concept for this program, and its main indicators are as follows: an increase in the number of cows to 2.3 million heads, an increase in milk output to 10 million tonnes, it is real, not the figure that our statistics gives, the growth of milk processing up to 8 million tonnes, while last year we processed 3.5 million tonnes,” the head of the union said.
According to him, the industry can achieve such indicators if it receives UAH 45 billion of government support for the period 2021-2030, similar to the practice existing in other countries.
At a press conference, Head of the Supervisory Board of CJSC Kulykivske Moloko (Kulykivka, Chernihiv region) Anatoliy Didur said that Ukrainian dairy products are uncompetitive and are being squeezed out of the Ukrainian market by imported ones, mainly produced by the EU. According to him, EUR 69 billion will be provided by the EU to the dairy industry support program for 2021-2027, and an increase in government support for Ukrainian milk producers and processors could increase the competitiveness of Ukrainian products.
In addition, the head of the union said that to overcome the crisis in the industry, it is necessary to conduct a special investigation into the growth of imports of dairy products to Ukraine, as well as introduce retaliatory safeguard measures against its exports from Belarus, which in 2016 joined the embargo imposed by the Russian Federation on the Ukrainian dairy products.
Chaharovsky said that milk producers and processors need a number of laws to be passed by parliament to stimulate the development of the dairy industry.
“It is necessary to amend the laws on quality and safety, where to define milk falsification as food fraud, and amend the Criminal Code, which criminalizes the falsification of dairy products,” Chaharovsky said.
He also noted the need to adopt a law on the main provisions of food trade, which provides for a fair distribution of the added value created by milk processing enterprises by the state, as well as the abolition of the current law on milk and dairy products.
“We need to help MPs in the near future to adopt bill No. 5425-d, which will return 20% VAT on dairy raw materials. It is also necessary to amend bill No. 5600 regarding household land plots, because in our opinion, its adoption will force the villagers keeping cattle to cut this livestock, because they will not be able to procure feed for themselves,” the head of the union said.
In addition, Chaharovsky announced the need to unite all public industry associations into one powerful lobbying organization.
“The practice, when multidisciplinary organizations lobbied and pushed some bills, ended. It showed that some laws were adopted against the wishes of the dairy industry. Therefore, we declare today that we will create a powerful organization that will lobby for the interests of our industry,” Chaharovsky said.

,

UKRAINIAN FILM ‘EDITORIAL OFFICE’ RECEIVED EUR 140,000 FROM EURIMAGES

The Ukrainian film “Editorial Office” directed by Roman Bondarchuk in co-production with the German company Elemag Pictures received EUR 140,000 from Eurimages, Culture Minister of Ukraine Oleksandr Tkachenko said.
“High-quality and major film requires appropriate funds. Especially if there is a goal to enter the world cinema market. And here’s the good news. The film ‘Editorial Office’ directed by Roman Bondarchuk, co-produced with the German company Elemag Pictures, received EUR 140,000 from Eurimages,” the minister said in his Telegram account on Monday evening.
According to him, the decision to support the Ukrainian-German film “Editorial Office” was made at a meeting of the Board of Directors of the European Support Fund for the Co-Production and Distribution of Creative Cinematographic and Audiovisual Works.
“According to a special procedure for Ukraine, the accounts of Ukrainian producer Darya Bassel (Moon Man LLC) will receive more than EUR 110,000. The drama with elements of the comedy “Editorial Office” became one of the winners of the 14th competitive selection of the State Film Agency and received support of almost UAH 20 millio,” Tkachenko said.
He thanked colleagues from Eurimages for their support.

, ,

RUSSIAN GAZPROM REFUSES TO BOOK ADDITIONAL TRANSIT CAPACITY VIA UKRAINE FOR JULY

Gazprom (MOEX: GAZP) has again refused to book additional transit capacity via Ukraine for July despite the upcoming major repairs on export gas pipelines, according to data of the Regional Booking Platform.
Gas Transmission System Operator of Ukraine LLC on Tuesday put up for auction additional interruptible transit capacities for July totaling 63.7 million cubic meters per day, which were fully unclaimed.
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 June 21 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.
When an auction for solid capacities is 100% sold, then an auction for interruptible capacities may be organized depending on the capabilities of the gas transmission system operator.
Gazprom earlier this year did not book interruptible capacities during the auctions held for May and June. However, major repairs are scheduled for July along the concern’s main export trunklines. For example, Nord Stream, which pumps 170 million cubic meters per day, is scheduled for annual maintenance from July 13 to 23; and Yamal-Europe, which pumps around 100 million cubic meters per day, is scheduled for maintenance from July 6 to 10.
The balance of the European gas market is becoming increasingly tense because of the unusual seasonal regularity of falling LNG supplies, and supplies of pipeline gas are decreasing owing to scheduled repairs. Pumping of gas into underground storage facilities is at minimum levels, leaving little doubt that Europe could begin the new winter season with half-empty UGS facilities.

, ,

EBRD IMPROVES FORECAST FOR UKRAINE’S GDP

The European Bank for Reconstruction and Development (EBRD) has improved its forecast for the economic growth in Ukraine in 2021 from 3% to 3.5%, according to its June forecast.
GDP is expected to grow by 3.5% in both 2021 and 2022, the EBRD said in its June regional economic prospects.
According to the report, the main risks are associated with the slow progress of reforms in the country and the relatively slow pace of vaccination, the bank’s analysts say.
Although the economy contracted 2% year-on-year in the first quarter of 2021 due to prolonged quarantine restrictions, there are indications that it is gradually returning to growth in the second quarter thanks to higher commodity prices, the EBRD said.

, ,