Business news from Ukraine

Business news from Ukraine

SERVANT OF PEOPLE POLITICAL PARTY TO OPEN ALL-UKRAINIAN RECEPTION ROOM IN KIEV

The Servant of the People political party plans to open an all-Ukrainian reception room in the capital’s congress and exhibition center Parkovy from next week, said leader of the political force Oleksandr Korniyenko.
“I think that from Monday-Tuesday, an all-Ukrainian reception room of the Servant of the People party will open in Parkovy. There will be a separate mini-website dedicated to this,” Korniyenko said at a briefing after the party’s congress in Kyiv on Saturday.
He specified that ordinary citizens will also be able to apply to this reception room, and “once a week or two days a week there will be a reception for local deputies of the Servant of the People, since today the party includes 7,000 deputies of local councils.

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PROVIDNA INSURANCE COMPANY CUTS UNCOVERED LOSS BY 16%

The uncovered loss of Providna Insurance Company (Kyiv) in 2020 decreased by 16%, to UAH 486.637 million, follows from the agenda of the shareholders’ meeting on April 16, promulgated in the information disclosure system of the National Securities and Stock Market Commission.
According to the statement, the company’s net profit in 2020 amounted to UAH 93.731 million against a net loss of UAH 21.889 million in 2019. The company’s shareholders plan to keep the net profit unallocated.
The company also said that as of December 31, 2020, its assets increased by 24.6%, to UAH 715.310 million, cash and their equivalent decreased 60%, to UAH 59.053 million, equity capital increased by 48.3%, to UAH 292.178 million, accounts receivable increased by 35.1%, to UAH 215.044 million.
The company’s long-term liabilities over the year increased by 6.8%, to UAH 375.913 million, current by 86.9%, to UAH 47.219 million.

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CHINA URGES UKRAINE NOT TO POLITICIZE COOPERATION OF CHINESE COMPANIES WITH CRIMEA

Some Chinese companies cooperate with Crimea on market principles, based on historical ties and practical needs, and such commercial activities should not be politicized, Chinese Foreign Ministry Spokesperson Zhao Lijian has said.
“China’s position on the Crimea issue is consistent. We hope relevant sides can properly address the issue through dialogue and consultation. Some Chinese companies, based on historically-established ties and practical needs, conduct exchanges and cooperation with Crimea on the basis of market principles. Such commercial activities should not be politicized,” he said at a press conference, the content of which was published on the website of the Chinese Foreign Ministry.
Thus, the spokesperson commented on the visit of the Chinese delegation to Crimea and the statement of Ukrainian MP from the Opposition Platform – For Life faction Vadym Rabinovych that this is “China’s retaliatory move in connection with Ukraine’s position on Motor Sich.”
As reported, President of Ukraine Volodymyr Zelensky, by decision of the National Security and Defense Council (NSDC), on January 29 imposed sanctions on Chinese citizen Wang Jing and related Beijing Xinwei Technology Group Co., Ltd; Beijing Skyrizon Aviation Industry Investment Co., Ltd (both are based in Beijing); Skyrizon Aircraft Holdings Limited (British Virgin Islands) and Hong Kong Skyrizon Holdings Limited (Hong Kong), which in recent years have been trying to implement the rights of PJSC Motor Sich shareholders, who are placed on the sanctions list of Ukraine.
According to the decision of the NSDC and Zelensky decree No. 29 dated January 28, 2021, the sanctions imposed for three years provide, in particular, the blocking of assets, restriction of trade operations, partial or complete cessation of the transit of resources, flights and transportation across the territory of Ukraine. Other restrictions include preventing the withdrawal of capital from Ukraine, a complete ban on transactions with securities of which they are issuers, and a ban on the purchase of enterprises in Ukraine. The list of sanctions also includes a ban on increasing the size of the charter capital of business entities in which sub-sanctioned persons own 10% or more, and cancellation of official visits, meetings, negotiations on the conclusion of contracts or agreements.

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UKRAINE TO ISSUE INTERNATIONAL CERTIFICATE OF VACCINATION

Ukraine will issue an international certificate of vaccination, acting within the framework of international law, Deputy Minister of Health, Chief State Sanitary Doctor Viktor Liashko told the Telegram channel Coronavirus Info.
According to the message, if a country requires an international certificate of vaccination against coronavirus (COVID-19) disease when crossing the border, Ukrainians will receive such a free certificate in two clicks.
“But it is not worth implementing and demanding a certificate of vaccination against COVID-19 now. I fully share the opinion of WHO Regional Director for Europe Hans Kluge who publicly warns the European Commission against plans to introduce documents on vaccination against COVID-19,” Liashko said.

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EUROPEAN UNION TO PRESENT DEMO VACCINATION PASSPORTS IN 2 DAYS

The European Union plans to present a demo version of COVID-19 vaccination passports on March 17, Deputy Health Minister Yaroslav Kucher said during a press briefing in Kyiv on Monday.
“Currently, there is no jointly worked out decision on vaccination passports in the world. The EU is only discussing a unified document and proposes to submit a demo version of the document on March 17,” he said.
The deputy minister added that after the approval of the unified document, Ukraine will be able to issue it to citizens on the basis of vaccination data, which are stored in the corresponding register of the electronic health care system.
“When the EU or other countries adopt a unified document that Ukraine will support, it will be possible to issue such a document or certificate based on the data in the electronic health care system,” he said.
Kucher also added that currently, countries that carry out vaccinations issue vaccination certificates, certificates or QR codes in paper or electronic format. For example, in Israel a certificate is issued electronically, in Poland a QR code is issued, in Denmark one can download a certificate through a special portal, Hungary offers a mobile application, and in Sweden the certificate will be issued in electronic format with its own application.

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RINAT AKHMETOV AGAIN TOPS RATING OF RICHEST BUSINESSMEN IN UKRAINE

Rinat Akhmetov with a fortune of $7.6 billion topped the rating of the richest businessmen in Ukraine, according to the website of Forbes Ukraine.
According to the updated rating, his fortune as the richest in the list of Ukrainian businessmen has increased from $2.8 to $7.6 billion. Now Akhmetov is ranked 330th in the ranking of the richest people in the world. Its largest assets are Metinvest ($3.3 billion) and DTEK Group ($2.1 billion).
The second place was taken by businessman Victor Pinchuk. Since June 2020, his fortune has grown from $1.4 billion to $2.5 billion. Of this amount, $800 million is real estate, $700 million is money, and $500 million is Interpipe.
Kostiantyn Zhevaho is third in the rating. His fortune increased from $1.1 billion to $2.1 billion. His largest asset is Ferrexpo ($1.4 billion).
The list includes Ihor Kolomoisky with $1.8 billion, Hennadiy Boholiubov with $1.7 billion, Petro Poroshenko with $ 1.6 billion and Vadim Novinsky with $1.4 billion.
Forbes Ukraine estimates Novinsky’s fortune in June 2020 at $810 million.

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