Business news from Ukraine

Business news from Ukraine

NEW MARKETS OF 24 STATES COULD OPEN FOR POULTRY PRODUCTS FROM UKRAINE

Now new markets for Ukrainian products are opening today, and the compatibility of the poultry exports public supervision system is being assessed, and in 2019-2020 it is expected that markets of 24 states will open, the State Service of Ukraine for Food Safety and Consumers’ Rights Protection has said. According to a report on the website of the authority, over the past two years, 21 countries have opened new markets for Ukrainian poultry products. In particular, the markets of 14 countries were opened for the export of poultry meat and products and the markets of seven countries for the export of eggs and egg products. As reported, in the middle of December 2018, Ukraine and Morocco agreed on a veterinary certificate for the export of Ukrainian egg products, and in November, Ukraine and Tunisia – for the export of Ukrainian poultry meat.

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LAW ON NATIONAL BUDGET FOR 2019 OFFICIALLY PUBLISHED IN HOLOS UKRAINY NEWSPAPER

The law on the national budget of Ukraine for 2019 (No. 2629-VIII) has been officially published in the Holos Ukrainy newspaper. According to the text of the law, the revenues of the national budget of Ukraine for 2019 are determined in the amount of UAH 1.026 trillion, in particular revenues of the general fund of the national budget in the amount of UAH 928.508 billion, and revenues of the special fund in the amount of UAH 97.624 billion, Appendix No. 1 to this law reads.
The expenses of the national budget of Ukraine are determined in the amount of UAH 1.112 trillion, in particular expenses of the general fund of the budget in the amount of UAH 1.006 trillion, and expenses of the special fund some UAH 106.362 billion.
Payment of loans to the national budget of Ukraine is provided in the amount of UAH 9.729 billion, in particular the repayment of loans to the general fund in the amount of UAH 8.322 billion, and to the special fund some UAH 1.406 billion.
The issue of loans from the national budget of Ukraine is determined in the amount of UAH 13.720 billion, in particular providing loans from the general fund in the amount of UAH 679.913 million, from the special fund some UAH 13.040 billion.
The ceiling of the national budget deficit is estimated at UAH 89.989 billion, in particular the ceiling deficit of the general fund at UAH 69.617 billion, and the ceiling deficit of the special fund of Ukraine’s national budget at UAH 20.372 billion, according to Appendix No. 2 to this law.

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EBRD, BLACK SEA TRADE AND DEVELOPMENT BANK TO ISSUE EUR 36 MLN FOR BUILDING SOLAR PLANTS IN UKRAINE

The European Bank for Reconstruction and Development (EBRD) and the Black Sea Trade and Development Bank each will provide a EUR 18 million loan for the implementation by Rengy Solar B.V. of a project to build three solar power plants in Mykolaiv region, the EBRD press service has said.
The total installed capacity of the stations will be 47 MW.
Rengy Solar B.V. belongs to the Norwegian developer of the solar energy projects Scatec Solar and Rengy Development (Kyiv).
“Both companies have experience in implementing similar projects with the EBRD, but this new project is the first one for Scatec Solar in the market of alternative energy in Ukraine,” the press service notes.
This project is funded by the EBRD under the USELF-III program for financing alternative energy in Ukraine for a total of EUR 250 million.
As reported, earlier Scatec Solar signed an agreement with Rengy Development about joint implementation of projects on construction of solar plants with a total power of 47 MW in Mykolaiv region.

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