Business news from Ukraine

Business news from Ukraine

More Ukrainian distilleries to be privatized

The government has amended the regulations necessary for further privatization of the unified property complexes of state-owned enterprises Ichnianskyi Distillery (Chernihiv region) and Chervonenskyi Food Product Plant (Chervone village, Zhytomyr region).
“According to the decision taken at the Cabinet of Ministers meeting on December 12, the State Property Fund received grounds to stop the reorganization of these plants and the opportunity to privatize them,” the Ministry of Economy said in a statement on Wednesday.
The ministry reminded that the government resolution of October 28, 2010, approved the reorganization of these two plants by merging them with the state-owned Ukrspyrt. However, the reorganization processes have not been carried out, and both are in a state of legal entity termination.
It is specified that in January 2003, the Ichniansky Distillery received permission to start producing high-octane oxygen-containing gasoline additives. The plant also produced ethyl alcohol (including rectified alcohol, Extra alcohol, Lux alcohol, and technical alcohol), as well as isoamyl alcohol for the needs of the chemical industry and bard, and alcoholic beverages. In 2014, it was no longer in operation.
“According to the Ministry of Economy, Krasnenskyi Food Product Plant is capable of producing organic solvents, glass cleaning liquids based on alcohol production technology, as well as alcohol, alcoholic beverages, liqueurs, fruit drinks, liqueurs, and juices. The raw materials used are molasses (molasses), sugar beet processing waste, and grain.

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“Kyivstar expects to restore services tomorrow

Ukraine’s largest mobile operator Kyivstar has partially restored fixed-line services after a large-scale failure at 20:00 on Tuesday, the company promised to complete the restoration of other services during the day on December 13.

“As of 20:00 on December 12, the work of fixed-line services has been partially restored. Now the company’s specialists are working on the restoration of other services and are doing their best to finally complete this work during December 13, 2023. Restoration of services may occur gradually, about which we will inform additionally”, – stated in the message of the press service of “Kyivstar”.

The attack on the company on Tuesday in Kyivstar called “the largest hacker attack in the history of the global telecom market”. They also assured that the company’s specialists started resuming services without delay.

“Kyivstar” expressed gratitude to law enforcement agencies, state services, Security Service of Ukraine for the immediate response and professional assistance in solving the unprecedented situation.

Also, on behalf of the entire Kyivstar team thanked for the understanding and support of subscribers, colleagues in the telecom market, and corporate customers.

The company assured that after the stabilization of the network operation all subscribers and corporate clients, for whom Kyivstar services were unavailable as a result of the hacker attack, will receive compensation.

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Government bill on lobbyism will be registered in Verkhovna Rada in nearest future, Ukrainian parliament speaker Ruslan Stefanchuk has said.

A government bill on lobbyism will be registered in the Verkhovna Rada in the near future, the speaker of the Ukrainian parliament, Ruslan Stefanchuk, has said.

“The recommendation of the European Commission was that we need to adopt a law on lobbyism in accordance with European standards… Already now the government has developed the necessary bill. I think it will be registered in the Verkhovna Rada of Ukraine in the coming week,” Stefanchuk said in an interview with the We-Ukraine TV channel, which broadcast a national telethon on Tuesday.

According to the speaker, there will be no problems with the adoption of the bill and it will take into account all the recommendations of the European Commission.

He recalled that four draft laws on lobbyism had already been registered in parliament.

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National Bank excludes 5 more non-banking financial institutions from the register

The National Bank of Ukraine has excluded one pawnshop, three financial companies and one credit union from the State Register of Financial Institutions due to the cancellation of all available licenses. The following companies were excluded from the state register: Novy Lombard LLC @VERS and Company, Suplayerplus Ukraine LLC, Valta Group FC LLC, Fastlane FC LLC.

In addition, the NBU revoked the licenses for financial services activities and excluded CS Alternative from the State Register of Financial Institutions on the basis of its own application.

KC “Alternativa” had two licenses to provide financial services: to lend funds, including on the terms of a financial loan, and to attract financial assets with an obligation for their subsequent repayment.

The volume of CC assets as of October 1, 2023 amounted to UAH 2,112 million (0,15% of the total volume of the credit union market).

Such decisions were made by the Committee for Supervision and Regulation of Non-Banking Financial Services Markets at its meeting on December 8, 2023.

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Kyivstar announces restoration of communication

Kyivstar specialists and our partners have done everything possible to restore the network from the consequences of an unprecedented cyberattack for the global telecom.

As of 18.00 on 13.12.2023, our specialists have started to restore voice communication throughout Ukraine. The restoration of services will be gradual, so short-term difficulties are still possible until the end of the day. In this case, we recommend that subscribers restart their phones and disable the VoLTE service in the phone settings.

Currently, the company’s specialists are working to restore data and SMS services and we hope that they will also be restored within a day.

After the network is fully restored and stabilized, Kyivstar will start preparing and providing compensation to all subscribers and corporate clients who could not use the company’s services due to the hacker attack.

Dear friends, we are incredibly grateful for your support! We continue to work 24/7 to keep Ukraine connected

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Cargo turnover of Danube Region seaports reached 29.4 mln tons

The cargo turnover of the Danube Region seaports in January-November 2023 reached 29.4 million tons, which is more than double the figure for the same period in 2022 (14.5 million tons), said Yuriy Lytvyn, Chairman of the Ukrainian Sea Ports Authority, at the final meeting of the team of the Ministry of Community, Territorial and Infrastructure Development on Tuesday.

According to Lytvyn, the number of vessels handled in the Danube ports in 11 months of this year increased by 68.6% – from 8,944 thousand to 13,045 thousand, while in 11 months of 2021 there were 3,252 thousand.

The Head of USPA clarified that almost half of the cargo turnover – 14.1 million tons – was grain, another 2.6 million tons – vegetable oil, 1.9 million tons – oil products, 1.7 million tons – ore, and another 9 million tons – other cargo.

He also noted that in 11 months of 2013, 23 new terminals and 20 new transshipment points were opened in the Danube ports, and the number of pilots increased from 14 to 78.

The conference noted that the Ukrainian corridor under the control of the Ukrainian Navy in the Black Sea ports of Greater Odesa (Odesa, Chornomorsk, Pivdennyi), which became fully operational in August-September, handled 6.4 million tons of cargo as of November, including 4 million tons in November.

Lytvyn added that in the first 11 months of 2023, all Ukrainian ports handled 52.8 million tons of cargo, up from 45.6 million tons in 2022, including 47.9 million tons of exports and 4.6 million tons of imports.

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