Business news from Ukraine

Business news from Ukraine

UKRAINIAN GOVERNMENT PLANS TO INTRODUCE SINGLE STATE REGISTER OF AGROCHEMICALS

The resolution approved by the Cabinet of Ministers on October 23 proposes the introduction of a unified state register of pesticides and agrochemicals in Ukraine, Viktor Pohorily, the coordinator of the agrochemical committee of the European Business Association, said on Facebook. “Among the main innovations is the creation of a transparent and understandable system of laboratory powers for ecotox and biological testing, the rejection of paper certificates, the introduction of a unified state register of pesticides and agrochemicals, which will be used by both customs and the State Service of Ukraine on Food Safety and Consumers’ Rights Protection,” he wrote.
According to the coordinator of the agricultural committee, it is also envisaged to strengthen fight against unscrupulous applicants, improve the system of protection of intellectual property rights.
“Finally, the Ministry of Energy and Environment Protection will be able to cancel registration if one factory is declared during registration and products are taken from another place,” the expert noted.
In addition, according to him, the government “intends to introduce a new re-registration procedure, which will allow reducing to a few days some procedures that previously took a year, as well as introduce the concepts and criteria of “minor changes” and simplify the conclusion of an environmental expert assessment of materials.”
“The complexity and incomprehensibility of these processes over the past two years has constantly raised questions,” he said.

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UKRAINIAN SEA PORTS AUTHORITY COMPLETES DREDGING IN MYKOLAIV SEAPORT

The Ukrainian Sea Ports Authority has completed work on operational dredging in Mykolaiv seaport.
According to the agency’s press service, the total amount of work exceeded 890,000 cubic meters. The implementation of the project allowed bringing the depths on the approach channel of Mykolaiv port to 11.2 meters, and in the water area of Dnipro-Buzsky port to 11.5 meters.
“Restoring passport depths allows private and state-owned stevedoring companies to fully utilize the technical capabilities of port infrastructure, reduces the cost of marine logistics and makes products of Ukrainian manufacturers more competitive in the world market,” the press service said citing Head of the Ukrainian Sea Ports Authority RaivisVeckagans.
The administration notes that Mykolaiv became the fifth of seven ports where the agency planned to conduct operational dredging in 2019.
As reported, for the nine months of 2019 volume of cargo transshipment in the port amounted to more than 23 million tonnes, which is 20.4% more compared to the same period last year.

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UKRAINE INTERNATIONAL AIRLINES REDUCES FLIGHT PROGRAM

Ukraine International Airlines (UIA, Kyiv) reduces its flight program due to the need to optimize the company’s costs and return to the breakeven level.
The press service of UIA said, in particular, the airline stops operating flights to Amman (Jordan), Minsk (Belarus), and Riga (Latvia).
In addition, air traffic between Kyiv and Beijing (China) will be suspended, and the frequency of flights on the route Kyiv-Bangkok (Thailand) will be reduced to three weekly flights. It is also planned to reduce the implementation of duplicate night and day flights of UIA in eastern directions.
Such changes, according to UIA, will come into force on November 16, 2019 and will be valid “until the government of Ukraine develops an effective solution to create equal competitive conditions for Ukrainian and foreign carriers when flying over the territory of the Russian Federation.”
“UIA will offer passengers a change in the route of transportation if this is possible or a refund of the ticket if it is not possible to change the route or the passenger refuses the proposed alternative flight,” the company explained.
In addition, according to the airline, all UIA regular flights to Western European destinations will be operated during the daytime, departing from Kyiv between 09:30 and 10:30 and arriving in Kyiv between 17:30 and 18:30 local time.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF OCTOBER 25

Official rates of banking metals from national bank as of October 25

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 25/10/19

National bank of Ukraine’s official rates as of 25/10/19

Source: National Bank of Ukraine

DYNAMO KYIV TIES SCORE WITH DANISH COPENHAGEN

FC Dynamo Kyiv has tied the score (1:1) at home with the Danish Copenhagen in the third round of the group stage of the UEFA Europe League.
Already in the second minute the score in the match was opened by the Cypriot forward of the guests Pieros Sotiriou. In the 53rd minute, Dynamo managed to equalize the score thanks to a goal from central defender Artem Shabanov.
In another match of Group I, the Swedish Malmö defeated the Swiss Lugano in their field with a score of 2:1.
After three rounds, Copenhagen and Dynamo lead in the group with five points scored, Malmö scored four points, Lugano – 1 point.

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