Business news from Ukraine

Business news from Ukraine

Cabinet has allocated new grants to small businesses

The Cabinet of Ministers has allocated new grants to small businesses totaling 400.5 million UAH, of which about 164.7 million UAH for the creation or development of gardens, berry growing, viticulture and greenhouse farming, the website of the Ministry of Economy reported on Friday.
“Today the government has allocated additional funds for the development of small businesses in agriculture, construction, transport, education, science, etc. This support involves the creation of more than 2 thousand jobs,” the ministry quotes First Deputy Prime Minister – Economy Minister Yulia Sviridenko.
According to the ministry, 92.83 million UAH will be used for horticulture, viticulture and berry growing, 71.9 million UAH – for the creation or development of greenhouses, and 204.4 million UAH of grant funds will be provided for the establishment or development of their own business.
In addition, 62.5 mln UAH of the allocated amount of grant funds will be given to entrepreneurs in agriculture, forestry and fisheries, processing industry, water supply, construction, transport, scientific and technical activities, education, health, art and sports.
As it was reported, eRabota project includes six grant programs aimed at stimulating entrepreneurial activity. These are, in particular, programs of micro grants for starting or developing one’s own business, grants for creating and developing processing enterprises, establishing orchards and vineyards, greenhouse farming, support for IT start-ups and start-ups in IT sphere.
Both current entrepreneurs and people with no business experience can apply for a grant. Applications are accepted through the Diya Portal.

Denmark donates DKK300 million to fund weapons procurement for Ukraine

The Danish government and the Folketing (parliament) are donating an additional DKK300 million ($42.7 million) to a fund responsible for purchasing weapons and equipment for Ukraine, the Danish Defense Ministry said on its website Thursday.
“Ukraine’s fight for freedom is also ours and Europe’s fight for freedom. Therefore, the government together with the parties in the Danish parliament decided to donate an additional 300 million Danish kroner. kroner to Ukraine. The government will continue to support Ukrainians both financially, militarily and humanitarianly,” Defense Minister Jakob Ellemann-Jensen said.
According to the report, the Danish government held consultations in Folketinget on Thursday regarding the donation of about 300 million more kroner to strengthen support for Ukraine. The funds come from the National Compromise Reserve and are to be transferred to the International Fund for Ukraine (IFU), an international initiative that emerged at a donation conference in Copenhagen in August.
“On Monday, I had the honor of meeting with President Zelensky virtually, where he stressed the continuing need for support from the outside world. That’s why I’m glad that Denmark can make another major contribution to Ukraine’s fight for freedom,” Ellemann-Jensen said.
Official rate of the NBU as of December 22: 5.21 UAH/DKK; 36.57 UAH/USD.

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Moldova simplified entry to country for Ukrainians

Moldova’s National Commission for Emergency Situations has simplified the rules of entry into the country for Ukrainians, the Moldovan newspaper Newsmaker has reported.
It is said that the simplification will affect the entry procedure for the Ukrainians, who will now be able to enter Moldova through the Moldovan-Romanian border and Chisinau airport on the basis of ID-card, internal passport and other identity documents.
The decision of the National Commission comes in addition to the February 24 decision on the entry procedure for Ukrainian citizens, which allowed Ukrainians entering Moldova from Ukraine to enter the country under a simplified procedure.
It is specified that Ukrainians will also be able to leave Moldova for Ukraine based on the same documents.

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Alcohol sales at Sotheby’s auctions in 2022 reached a record $150 million

Sales of wine and spirits at auctions held by Sotheby’s in 2022 increased by 14% compared to last year and reached a record $150 million.

The number of liquor auctions for the year increased by a third to 69, The Barron’s wrote, citing a company announcement. This year, Sotheby’s held its first auctions in France, raising a total of $42 million. Earlier auctions were held only in London, New York and Hong Kong.
Asian auctions of spirits brought the company more than a third of the revenue, $54 million. Asian buyers accounted for 41% of total sales in value terms.

Collectible wines are still the main category of drinks put up for auction – their sales amounted to $ 121 million. Meanwhile, spirits are also gradually gaining popularity – sales in this category rose by 15% to $ 29 million, mostly due to the popularity of whiskey with long maturation.

Thus, in October, a bottle of 81-year-old Macallan – the oldest whiskey in the world, ever put up for auction – went under the hammer for 300 thousand pounds ($325,700). However, this is not the most expensive alcoholic lot of the year: in May a case of Chinese liquor Kweichow Moutai was sold for $ 1.1 million, and a bottle of 55-year-old whiskey from Japan’s oldest distillery Yamazaki Distillery was valued at $ 600 thousand.

Among wine auctions of Sotheby’s a special place took the sale of 4.2 thousand bottles of wine from the personal cellars of Prince Robert of Luxembourg for a total of $ 6 million. All proceeds from the auction the prince gave to his charitable foundation.

Kiev Information and Analytical Center “Experts Club” together with a collector of vintage drinks Igor Magalyas holds seminars-tasting of vintage alcoholic beverages and donates part of the funds to charity.

Cabinet of Ministers terminates four agreements between Ukraine and Belarus

At a meeting on Friday, the Cabinet of Ministers of Ukraine terminated four agreements between the governments of Ukraine and Belarus on military and military-technical cooperation, said Taras Melnychuk, representative of the Cabinet in the Verkhovna Rada in Telegram.
In particular, the agreement between the Government of Ukraine and the Government of the Republic of Belarus on mutual deliveries of arms, military equipment, other material supplies and services for needs of defense and security of December 16, 1994, was terminated.
The agreement on additional confidence and security measures of April 16, 2001, on joint research and development activities in the field of weapons and military equipment of October 18, 2005, and the agreement on mutual protection of rights to the results of intellectual activities created and presented during the bilateral military and technical cooperation of October 18, 2005 were also terminated.

President of Ukraine appoints Ambassador of Bahrain

The President of Ukraine has signed a decree on the appointment of Dmytro Senik as Ambassador of Bahrain.
Relevant decree No. 878/2022 was published on the website of the Head of the Ukrainian State.
“To appoint Ambassador Extraordinary and Plenipotentiary of Ukraine to the United Arab Emirates Senik Dmytro Yuriyovych as the Extraordinary and Plenipotentiary Ambassador of Ukraine to the Kingdom of Bahrain concurrently,” the text of the document says.

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