Ukraine intends to create an Investment Attraction Agency as a single entry point for investors in the Ukrainian private sector, First Deputy Prime Minister Yuliya Sviridenko said on Facebook.
“To ensure that all investors wishing to invest in the private sector in Ukraine have a single point of entry, we are working on the launch of a single institution – the Investment Attraction Agency,” she wrote following a visit to London, where she discussed its creation, including with the London Stock Exchange (LSE).
According to her, during the meeting, LSE specialists assured that they are ready to provide their expertise and help build this institution.
Sviridenko said she also met with British International Investment, which last summer at a conference on Ukraine’s reconstruction in London said it was ready to allocate GBP250 million to finance the private sector in Ukraine, mainly for post-war reconstruction.
“These funds will be available from April through the Co-investment platform. What can we do together with the private sector already now to get this funding? Prepare quality projects. For this purpose we also attract partners to jointly do feasibility study, “- First Deputy Prime Minister said.
She added that attracting investment and financing to Ukraine was also the main topic of negotiations with the European Bank for Reconstruction and Development, the London Stock Exchange and TheCityUK, UK Export Finance (UKEF).
“We are working with UKEF to attract investments in the defense sector. We have also opened a GBP3.5bn limit for Ukraine. Several companies have already received insurance, one of them yesterday during our visit to London. We plan to expand cooperation, in particular, we discussed the possibility of insuring suppliers of equipment in the field of military demining,” Sviridenko wrote, in particular.
The Swedish Export Credit Agency (EKN) has started accepting applications for special credit guarantees for exports to Ukraine since March 1. The total limit of guarantees according to the country’s budget for 2024 is SEK333m ($32.1m at the current exchange rate).
According to EKN, this became possible after the Swedish government adopted a relevant decree on February 29.
In addition to the new export credit guarantees, the government also decided to open a trade secretary’s office in Kiev and appoint a new trade secretary, the press release said.
“The export credit guarantees and the opening of a new trade office in Kiev will make it easier for Swedish companies to invest in Ukraine. It is also a concrete example of how the government is working to increase synergies between aid, trade and business promotion,” the statement quotes the Minister for Development Cooperation and Foreign Trade Johan Forssell as saying.
It is indicated that guarantees will be provided for exports that can contribute to the development and welfare of Ukraine.
On Monday, March 4, light rain is expected in the western regions of Ukraine, with sleet at night in some places, and no precipitation in the rest of the country, the Ukrainian Weather Center reports.
Southeast wind, 7-12 m/s. Temperature at night from 2° C to 3° C, during the day 5-10° C, in Transcarpathia and Prykarpattia at night 1-6° C, during the day 10-15°.
No precipitation in Kyiv on Monday. Southeast wind, 7-12 m/s. The temperature at night will be around 0°, during the day 6-8° Celsius.
According to the Borys Sreznevsky Central Geophysical Observatory, on March 4, the highest daytime temperature in Kyiv was 16.1° in 1995, the lowest nighttime temperature was -21.1° in 1987.
On Tuesday, January 5, there will be no precipitation in Ukraine, only in the western regions there will be light rain.
The wind is east, northeast, 5-10 m/s. Temperature at night from 2° C to 3° C, in the western regions 0-5° C; during the day 5-10° C, in the south and west of the country up to 13°, in Transcarpathia and Crimea 12-17°.
No precipitation in Kyiv on Tuesday. East, northeast wind, 5-10 m/s. The temperature at night will be around 0°, during the day 6-8° Celsius.
As of the end of February of the 2023/2024 marketing year, which started on July 1, Ukraine has already exported more than 29.1 million tons of grain, legumes and flour, Danylo Hetmantsev, Chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy, said on Telegram.
He clarified that in terms of major crops, 15.8 million tons of corn, 11.5 million tons of wheat, and 1.6 million tons of barley were supplied to foreign markets.
“Compared to the same date last year, there is a lag of almost 2.6 million tons (although, for example, wheat was shipped a quarter of a million tons more than last year),” the head of the parliamentary financial committee said.
Mr. Hetmantsev explained the slowdown in grain exports by the fact that for a month and a half, in July and the first half of August last year, when sea exports were forced to pause due to Russia’s withdrawal from the Istanbul grain initiative, Ukraine had to develop an “alternative grain corridor.” In August 2023, thanks to the Ukrainian Armed Forces, it became available, and in the first months, foreign shipowners were restrained and cautious, looking closely at whether the new route was really safe, he recalled.
“In November 2023, some ‘friends and neighbors’ began to create obstacles for us on the land border under artificial and far-fetched pretexts, and these processes are still ongoing,” Hetmantsev wrote.
The chairman of the parliamentary committee expressed confidence that Ukraine would soon completely close the current gap.
He emphasized that in recent months, Ukraine has returned to almost pre-war export volumes, 90% of Ukrainian grain is shipped to foreign customers by sea, and dependence on the land corridor on the western border is decreasing.
“Thus, Ukraine will continue to play the role of one of the guarantors of global food security, while at the same time replenishing the treasury with serious foreign exchange earnings (in the near future, agricultural products will remain a key item of Ukrainian exports),” Hetmantsev summarized.
On February 20, the National Securities and Stock Market Commission (NSSMC) canceled the registration of the issue of ordinary registered shares of PJSC “Concern Oranta” in connection with the termination by merger with PJSC “National Joint Stock Insurance Company “Oranta” (Kyiv), according to the commission’s website.
As reported at the end of May 2022, the shareholders of NJSIC “Oranta” decided to join PJSC “Concern “Oranta”. In October 2021, Oranta reduced its stake in Oranta Concern PJSC from 100% to 76.19%. Interinformcenter PE became the owner of 23.809% of the shares of Oranta Concern.
Oranta Concern was registered in 1998. It specializes, inter alia, in leasing and operation of own or leased real estate (the principal activity), as well as in the activities of intermediaries in the trade of goods of a wide range, leasing of office machinery and equipment, including computers, and general cleaning of buildings.
The authorized capital is UAH 21 million.
Oranta is the legal successor of Ukrderzhstrakh, founded on November 25, 1921. The insurer operates under 33 licenses: 15 compulsory and 18 voluntary types of insurance. Ukrainian businessman Oleksandr Yaroslavsky’s NS-Finance LLC owns 72.24036% of Oranta.
Quotes of interbank currency market of Ukraine (UAH for 1 pln, in 01.11.2023-30.11.2023)
Source: Open4Business.com.ua and experts.news
