The National Bank of Ukraine (NBU) on December 20 introduced into circulation the upgraded 50-hryvnia bills, as well as 5-hryvnia coins that will gradually replace the respective banknotes, the NBU has reported on its website.
According to the report, first of all, the NBU intends to introduce 5 million of 50–hryvnia banknotes and 5-hryvnia coins. The first batch of means of payment had already been distributed to NBU regional offices.
The NBU has catered to the needs of the public, since customers will not be required to exchange the current 5- and 50-hryvnia bills for new coins and banknotes. No time limits will be imposed on the simultaneous use of new and previous banknotes in payments.
The 5- and 50-hryvnia banknotes of the previous design will be gradually replaced with coins and new banknotes as they wear out. The number of upgraded bills and coins will gradually increase in circulation, depending on the economy’s needs, the bank said.
The NBU said that the introduction of into circulation the upgraded 50-hryvnia bills and 5-hryvnia coins is a part of optimizing and upgrading the banknote and coin series of hryvnia.
Since 2014, the NBU has been upgrading the hryvnia and streamlining cash settlements. Optimization of the banknote and coin series of hryvnia is expected to be completed in 2020 after 200-hryvnia banknotes are introduced into circulation alongside 10-hryvnia coins. Due to comprehensive changes, eventually, the hryvnia series will be optimized to 12 denominations. The new denomination series will have six coins (10 and 50 kopiikas, and 1, 2, 5, and 10 hryvnias) and six banknote denominations (20, 50, 100, 200, 500, and 1,000 hryvnias).
Adam Smith Conferences is proud to announce the 11th international Ukrainian Energy Forum, which will take place at the InterContinental Hotel, in Kiev on 25-27 February 2020.
For the 11th year, Adam Smith Conferences is bringing together the key decision-makers in the Ukrainian energy market at the flagship Ukrainian Energy Forum. This time we will welcome 450+ delegates in Kyiv, Ukraine on 25-27 February 2020 for the three days of intensive expert exchanges, evaluating business opportunities for 2020 onwards and targeted networking with international and Ukrainian top-level business executives.
With this invitation via Interfax Ukraine you are entitled to a 15% discount.
Simply quote your VIP code: EUC015mINT. REGISTRATION ONLINE.
See the conference agenda here
WHAT’S NEW IN 2020?
Hot topics:
– Reviewing the new government energy strategy for 2030
– Updates on transit contract negotiations and analysis of changes in supply patterns
– The potential for LNG as a viable option for resource diversification
– Presenting new internationally supported projects aimed at energy independence
– Getting to know the new independent GSTO
– Summing up the first year of online licensing rounds for E&P
– Overview of the first 6 months for the liberal power market
– Green tariffs and renewable energy auctions updates
New features:
– Women in energy networking lunch
– Interactive live polling: drawing conclusions on 2019
– Exclusive masterclass on transformational leadership in the energy sector
– Business opportunity roundtables with E&P and energy generating companies
– Innovation hub on technologies for the energy sector
– …and more to come!
We are pleased to announce some early speaker confirmations for 2020:
– Andriy Kobolev, CEO, Naftogaz Group
– Andriy Gerus, Head of Committee on Energy, Housing and Utilities Services, Verkhovna Rada of Ukraine
– Roman Opimakh, Chairman, State Service of Geology and Mineral Resources of Ukraine
– Janez Kopac, Director, The Energy Community
– Andriy Zhupanyn, Head of Gas Market, Transit and Supply Subcommittee, Committee on Energy,
Housing and Utilities Services, Verkhovna Rada of Ukraine
– Volodymyr Evdokimov, Managing Director, Market Operator
– Igor Schurov, General Director, DTEK Naftogaz
– Georgiy Rudko, Chairman, State Commission for Mineral Resources of Ukraine
– Oleg Nikonorov, Managing Director, Regional Gas Company
– Yaroslav Mydriy, Managing Partner, ERU Trading
– Orkhan Vahabov, Deputy CEO for Business and Strategy, SOCAR
– Matthew Monteverde, VP, Commodity Markets, Argus
– Dmytro Fedoruk, Partner, Redcliffe Partners
Official rates of banking metals from national bank as of December 24
One troy ounce=31.10 grams
National bank of Ukraine’s official rates as of 24/12/19
Source: National Bank of Ukraine
INTEGRITES becomes the only Ukrainian law firm to receive recognition of two arbitration experts out of eight representing Ukraine in the international guide Who’s Who Legal: Arbitration 2020. The recently published edition of the guide acknowledges outstanding expertise of Olena Perepelynska, partner and head of International Arbitration at INTEGRITES, and ranks her one of the leading arbitration practitioners. For the third year in a row the guide recognises Serhii Uvarov, counsel, International arbitration and Cross-Border Litigation, among Future Leaders-Non-partners – an honour that is presented annually to young experts, aged 45 or under.
Serving as the President of the Ukrainian Arbitration Association and Member of the ICC International Court of Arbitration, and having over 16 years of experience in international commercial arbitration, Olena Perepelynska is one of the leading experts in the regional arbitration community. She focuses on international arbitration and cross-border dispute resolution, with particular expertise in agribusiness, retail, and natural resources. Since 2003, she has acted as an arbitrator and counsel in more than 120 arbitrations under the arbitration rules of the ICC, LCIA, SCC, SCAI, ICAC at CCIRF, ICAC and MAC at UCCI, IAC at the BelCCI, GAFTA, FOSFA, LMAA, UNCITRAL.
Who is Who Legal: Arbitration 2020 says that Olena Perepelynska is “an eminent arbitration practitioner”, distinguished as “a very dynamic and hard-working lawyer with a strong intellect”.
Serhii Uvarov focuses on the areas of commercial and investment arbitration, arbitration-related litigation and cross-border commercial litigation with particular expertise in energy sector, including renewables. He has been involved in arbitral proceedings under the LCIA, SCC, ICC, UNCITRAL, JAMS, LMAA, ICAC at CCIRF and ICAC at UCCI arbitration rules. He has represented Ukrainian state authorities and state companies before foreign courts and international tribunals. Serhii has also advised clients on transnational insolvency, fraud investigations including anti-bribery probes and enforcement of foreign judicial and arbitral awards in Ukraine. Since 2017, Serhii has served as the Secretary General of the Ukrainian Arbitration Association.
Who is Who Legal: Arbitration 2020 says that he “has great expertise and a very strong professional track-record” in arbitration. One peer commented: “Without a doubt, Serhii is a future star of arbitration in Europe.”
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Since 1996, Who’s Who Legal has identified the foremost legal practitioners in multiple areas of business law. WWL features over 24,000 of the world’s leading private practice lawyers and 2,500 consulting experts from over 150 national jurisdictions. WWL Arbitration lists 1926 practitioners from 1267 firms in 97 jurisdictions across this practice area.
Ukrainians will have two blocks of days off four consecutive days each on New Year’s and Christmas holidays. According to the decree of the government on the shift of the working days in 2019, there will be four days off in a row for the New Year in Ukraine: from Sunday, December 29, to Wednesday, January 1, in the new 2020. Working days from Monday, December 30, were postponed to Saturday, December 21, and from Tuesday, December 31 to Saturday, December 28.
According to the decree of the government on the shift of the working days in 2020, four days off in a row are expected again: from Saturday, January 4, to Tuesday, January 7; since the working day from Monday, January 6, is postponed to Saturday, January 11.
The National Bank of Ukraine (NBU) sets special hours of operation of banks and bank establishments on these days.
