Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 16/12/20

National bank of Ukraine’s official rates as of 16/12/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF DECEMBER 16

Official rates of banking metals from national bank as of December 16

One troy ounce=31.10 grams

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WHO REGIONAL DIRECTOR FOR EUROPE AND PM OF UKRAINE DISCUSS FIGHT AGAINST COVID-19

Prime Minister of Ukraine Denys Shmyhal has met with Regional Director for Europe of the World Health Organization (WHO) Dr. Hans Kluge, the parties discussed the fight against COVID-19 in Ukraine.
“Ukraine fully supports WHO in its efforts to ensure adequate testing and approval of vaccines, and advocates for equitable distribution of vaccines in a spirit of global solidarity. I am convinced that the Cooperation Agreement between Ukraine and WHO lays a solid foundation and contains a clear roadmap for our expanded cooperation,” the press service of the government quoted Shmyhal as saying.
The head of government stressed that today the development of safe and effective vaccines is the way out of the pandemic.
“Ukraine is a member of the COVAX Global Fund initiative, thanks to which we expect to receive the required amount of vaccines in the first quarter of the next year. At the same time, we would be grateful for help in obtaining a certain amount of vaccines faster,” the prime minister said.
Shmyhal noted that Ukraine is also considering the possibility of producing vaccines using its own pharmaceutical facilities, provided that they meet the necessary requirements of the developer company.

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PARLIAMENT INCREASES AGE LIMIT FOR WORKING IN CIVIL SERVICE TO 70 YEARS

The Verkhovna Rada has changed the age limit for working in the civil service.
The adoption of relevant bill No. 4096 was backed by 300 MPs at a meeting on Wednesday.
In particular, the Rada excluded from the law “On Civil Service” the provision that a person who has reached the age of 65 cannot enter the civil service.
Instead, they are given the opportunity to be appointed to a civil servant position for one year, with the right to reappointment without the obligatory annual competition.
The adopted bill provides that their further stay in the civil service is possible for no more than 70 years.
This law comes into force on the day following its publication.
Also, according to the law, the term of service in local self-government bodies was extended, but by no more than five years by the decision of the village, settlement, city chairman, chairman of the district, district one in the city, regional council. Such a decision to extend the term of service in local self-government bodies is made by the chairman of the relevant council annually, but no more than until the civil servant reaches the age of 70.

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Grain harvest in Ukraine in 2020 totals 65.4 mln tonnes

In 2020, Ukrainian agricultural producers harvested 65.4 million tonnes of cereals and legumes from an area of 15.3 million hectares. The operational data of the regions on the results of the harvesting campaign was announced on Tuesday by Minister of Development of Economy, Trade and Agriculture Ihor Petrashko.

According to a report on the ministry’s website, in particular, 25.1 million tonnes of wheat from 6.6 million hectares and 29.8 million tonnes of corn from 5.3 million hectares were harvested.

According to the State Statistics Service, in 2019 Ukraine harvested 75.1 million tonnes of cereals and legumes (70.1 million tonnes in 2018), of which 28.3 million tonnes of wheat (24.6 million tonnes) and 35.9 million tonnes of corn (35.8 million tonnes a year earlier).

 

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National Bank of Ukraine excludes three financial institutions from register

The National Bank of Ukraine (NBU) has excluded from the State Register of Financial Institutions such companies as׃ Credit Institution Credit Commerce LLC, Financial Company Monopolium Finance LLC, Finance and Credit Group Chaika LLC on the basis of their applications.

As reported on the regulator’s website, the relevant decisions were made by the NBU Committee on Supervision and Regulation of Non-Bank Financial Services Markets at a meeting on December 11, 2020.

According to the NBU, Credit Commerce had one license to issue loans, financial loans as well. As of September 30, 2020, the volume of assets of this institution was UAH 10.7 million, or 0.006% of the total assets of financial companies.

Monopolium Finance had three licenses: for the provision of guarantees and sureties, loans, financial loans, as well as factoring services. The licenses were revoked at a committee meeting on November 20. The company’s assets amounted to UAH 403.9 million, or 0.2% of the total assets of financial companies.

Finance and Credit Group Chaika had one license for issuing loans, including financial ones. The license was revoked on July 30, the volume of assets is UAH 5.9 million, or 0.003% of the total assets of financial companies.