Business news from Ukraine

Business news from Ukraine

NATIONAL BANK STARTS PUBLISHING DATA ABOUT INDIVIDUALS’ DEPOSITS IN TERMS OF AMOUNTS, CURRENCIES

The National Bank of Ukraine (NBU) has started publishing data about individuals’ deposits in banks in terms of their amounts and the currency of the deposits, as well as the amount of possible refunds by the Deposit Guarantee Fund.
“The information is first published by banks on their websites until the end of the month following the reporting month, and then in aggregated format on the National Bank’s website in the Statistics – Banking System Indicators section, the NBU said on its website.

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LEADING PRESIDENTIAL CANDIDATE ZELENSKY SUGGESTS STRIPPING IMMUNITY FROM PRESIDENT, DEPUTIES AND JUDGES BY ONE LAW

Presidential candidate of Ukraine Volodymyr Zelensky offers to lift immunity from the country’s president, parliamentarians and judges by one law.
“Let it sound in a populist way, but no one offered or read in the programs of other candidates the following: stripping immunity from the president, deputies and judges. It is advisable that all this should be consolidated in one law,” he said in the “Interview with the presidential candidate” program on ICTV.
Zelensky pointed out that the Verkhovna Rada can lift immunity from the president, but block its withdrawal from deputies.
Responding to the comment that the immunity of deputies and the president is written into the Constitution of Ukraine, and the immunity of judges is a “slightly different” issue, Zelensky responded: “Our legal experts and lawyers are already preparing this bill. We’ll see.”

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AGROLIGA FROM KHARKIV SEES 38% RISE IN PROFIT IN 2018

The Agroliga group of companies (Kharkiv region) saw EUR 5.75 million in net profit in 2018, which is 38.2% more than in 2017.
According to a report of the holding company of the group – Agroliga Group Plc – on the Warsaw Stock Exchange (WSE), revenue slightly fell, to EUR 21.65 million.
Gross profit last year rose by 1.7%, to EUR 6.06 million and operating profit – by 44.9%, to EUR 5.98 million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 1.6-fold, to EUR 7.01 million. Net debt increased 2.1-fold, to EUR 11.01 million.
Assets expanded 1.7-fold, reaching EUR 42.19 million as of December 31, 2019.
Agroliga has been operating on the Ukrainian agricultural market since 1992. Its enterprises are engaged in growing grain crops, processing sunflower seeds, and dairy farming.
The group cultivates about 10,000 hectares of land.
The majority shareholders of the group are Oleksandr Berdnyk with a share of 41.66%, and Iryna Poplavska with 41.66%.

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EUROPEAN VEGA WITH UKRAINIAN ENGINE PLACES ITALIAN SATELLITE IN ORBIT

The European light launch vehicle (LV) Vega with a Ukrainian engine has successfully placed in orbit Italy’s Earth remote sensing satellite PRISMA.
According to the press release of the Pivdenne (Yuzhnoye) Design Bureau, the satellite aboard Vega LV lifted off the European spaceport of Kourou (French Guiana) at 0350 on March 22, 2019. This was the fourteenth launch under the Vega program and the first in 2019.
PRISMA spacecraft with 879 kg weight is a small satellite of the Italian Space Agency (ASI). PRISMA is equipped with an innovative electro-optical instrumentation. The instrument is able to work in numerous, narrow and contiguous bands arranged from the visible to the near infrared (VNIR, Visible and Near InfraRed) and up to the infrared shortwave (SWIR, Short Wave InfraRed). The mission will help in monitoring agricultural activities, water resources and studying main environmental processes. PRISMA began a five-year operational mission.
The Vega was developed by the European Space Agency (ESA) in cooperation with the Italian Space Agency (ASI). It is intended for launching into a solar-synchronous orbit with a height of 1,200 km satellites weighing up to 1,200 kg or into a polar orbit with a height of 700 km satellites weighing up to 1,500 kg.
The propulsion engine for the 4th stage of the PH RD-868P was developed by the Yuzhnoye Design Bureau and manufactured the Yuzhmash PO (both from Dnipro, Ukraine). According to the developer, the new liquid engine is based on the intercontinental ballistic missile carrier (ICBM) RS-20.
A successful test run of the Vega rocket was carried out in February 2012. Since May 2013, ESA has begun commercial operation of the new launch vehicle. Some 30 satellites have been launched into orbit for customers.
In July 2017, Ukrainian participants in the Vega program cooperation extended the contract signed in 2012 with a European contractor – Italian Avio SpA – for the supply of production engines for the Vega rocket until 2020.
The government of Ukraine and the ESA signed an agreement on cooperation in the peaceful uses of outer space in 2008.
The structure of the ESA includes 17 European countries.
Ukraine is currently preparing the creation of an information hub for the implementation of the cooperation agreement with the EU signed in May 2018 in the European space monitoring program Copernicus.

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