Business news from Ukraine

Business news from Ukraine

CSD LAB took part in II Congress of Association of Cytopathologists of Ukraine

Last week was a landmark for cytologists in Ukraine, as the II Congress of the Association of Cytopathologists of Ukraine was held at the National Cancer Institute with the support of the National Cancer Institute. This event has become an important platform for the exchange of experience and knowledge between domestic and foreign specialists.

The CSD LAB cytology team also took an active part in the congress. Our colleagues presented three relevant reports that aroused the interest of the audience.
Valentyna Karpachova, a biologist and cytologist of the highest qualification category, shared the results of using an innovative methodology for examining uterine cavity aspirates. This technique allows to improve the accuracy of diagnosis of cervical and endometrial diseases.

Tetiana Yaroshchuk, a laboratory cytologist of the highest category, pathologist, presented a report on the Papanicolaou classification for cytology of the pancreatic-biliary system, which is important for the early diagnosis of pancreatic cancer and other digestive diseases.

Pavlina Botsun, Head of the CSD LAB Cytomorphology Laboratory, spoke about new trends in cervical screening as part of the WHO’s global strategy to eliminate cervical cancer. These trends are aimed at increasing the effectiveness of screening and reducing mortality from this disease.

We are pleased that our colleagues were able to share their knowledge and experience to help improve the quality of cytological diagnostics in domestic medicine.

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Oil is stable, Brent is trading at $82.4 per barrel

Benchmark oil prices are little changed on Wednesday morning.

The price of January futures for Brent on the London ICE Futures exchange at 7:02 a.m. is $82.42 per barrel, which is 3 cents lower than at the close of the previous session. On Tuesday, these contracts rose in price by 13 cents to $82.45 per barrel.

Quotes for January futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) by this time fell by 1 cent to $77.76 per barrel. At the end of the previous session, they fell by 6 cents to $77.77 per barrel.

Market participants are waiting for the OPEC+ meeting to take place next weekend. Earlier, the Financial Times wrote, citing sources, that the meeting may consider extending the current restrictions on oil production that expire at the end of the year or a sharper reduction in fuel production.

“We think the group has room to increase production cuts, but we believe Saudi Arabia will insist that other countries share the burden,” wrote RBC Capital analyst Helima Croft.

In addition, investors are evaluating signals about changes in energy reserves in the United States. According to the American Petroleum Institute (API), last week, US stocks jumped by almost 9.1 million barrels.

Official data from the Energy Ministry will be published at 17:30 on Wednesday.

Trading activity in the oil market is likely to be lower at the end of the week due to the Thanksgiving holiday in the US.

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Deputy Chief of Staff calls on Canadian business to invest and rebuild Ukraine

Rostyslav Shurma, Deputy Head of the Office of the President of Ukraine, speaking at the Rebuild Ukraine conference in Toronto, Canada, spoke about the conditions for the recovery of the Ukrainian economy.

“We believe that Ukraine’s economy should recover primarily at the expense of private business. However, due to military risks, any projects will be difficult for private investors to implement. That is why they should be built on the basis of public-private partnerships,” Shurma explained, the press service of the President’s Office told Interfax-Ukraine.

According to him, today there is a positive example of Germany and France, which have provided state insurance for all their corporations that have invested in Ukraine.

“We believe that this type of partnership will allow us to achieve two key goals. On the one hand, you will be able to get a return on your investment because Ukraine has many natural advantages. On the other hand, your governments will mitigate the risks arising from the war,” he said.

According to Mr. Shurma, there are two opportunities for Canadian investors to make money in Ukraine right now. The first is related to the country’s and economy’s recovery. The second is that Ukraine has natural advantages.

As an example, Shurma cited the experience of Westinghouse, which supplies nuclear fuel to Ukrainian NPPs. “We are converting one reactor after another to Westinghouse fuel. And we are determined to purchase one hundred percent of the fuel only from them,” he said.

Another possible area for investment, he said, is the Ukrainian agricultural sector, which is a huge consumer of fertilizers, crop protection products, seeds and agricultural machinery, and therefore a market for Canadian producers.

“We will be interested not only in supplying these products, but also in localizing their production in Ukraine,” Shurma said.

According to him, any agricultural product produced in Ukraine will have advantages in the international market. “Chicken produced in Ukraine is one of the cheapest in the world. This is due to the natural resources of our country,” he emphasized.

Ukraine also has significant natural gas reserves, he noted. The country has a huge potential for solar, wind and hydrogen production. It has the largest lithium and uranium reserves in Europe.

“We are ready to work together with Canadian investors to develop these resources. We can use such tools as export credit agencies and guarantees from the Canadian government for this purpose,” says Shurma. In his opinion, real investment can only come in something that will be commercially successful. “The Ukrainian people really appreciate Canada’s assistance. That is why we are looking forward to you investing in our country,” said the deputy head of the Office of the President of Ukraine.

Number of dead and wounded civilians in Ukraine from 24.02.2022 till 28.08.2023 un data

Number of dead and wounded civilians in Ukraine from 24.02.2022 till 28.08.2023 un data

Source: Open4Business.com.ua and experts.news

European Parliament to open office in Kyiv

The European Parliament has agreed to open an office in Kyiv at the request of Ukrainian President Volodymyr Zelenskyy.
According to the European publication Euractiv, this is stated in a document of the European Parliament’s bureau.
The decision, approved on Monday evening, is intended to facilitate relations with the Ukrainian parliament, in particular, to establish its contacts with the “relevant committees” of the European Parliament, as well as to facilitate administrative work.
The Bureau is the body of the European Parliament responsible for making administrative decisions on the internal functioning of the institution.
Reportedly, the European Parliament has a liaison office for each member state, which helps the parliament to establish links with them, for example, by communicating with stakeholders, organizing events and maintaining links with local media.

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Group DF will cooperate with Hyundai Engineering to reconstruct chemical plants in Ukraine and abroad

Group DF, which consolidates the assets of Ukrainian businessman Dmitry Firtash, including nitrogen chemicals companies of Ostchem holding, has signed a memorandum with Korean construction company Hyundai Engineering Co., Ltd on cooperation in Ukrainian projects in the construction and reconstruction of chemical plants for the production of fertilizers.

According to the holding’s release, cited by Interfax-Ukraine, the document provides for the creation of joint investment projects in the fertilizer industry both in Ukraine and in other jurisdictions. It is about the construction of new and reconstruction of existing chemical plants of Group DF. It is emphasized that the parties will cooperate in good faith and make all necessary efforts to achieve the common goal of rebuilding Ukraine.

“Group DF is developing a strategy to restore the chemical industry in post-war Ukraine and plans to meet the pent-up demand from the Ukrainian agricultural sector. With the support and cooperation of Hyundai Engineering Co, we will contribute to the revival of Ukraine’s economy and strengthen the chemical industry. The Group is also considering all kinds of cooperation with Hyundai Engineering Co. in projects to restore and expand its logistics infrastructure,” said Robert Shetler-Jones, CEO of Group DF International GmbH.

“The company is ready to consider options for participating in the post-war recovery of Ukraine’s chemical industry. We sincerely believe in the prospects of infrastructure restoration, reconstruction and construction of gas processing plants,” said Lim Seung Jae, Senior Vice President of Hyundai Engineering Co., Ltd.

Hyundai Engineering Co, Ltd is a Korean multinational contractor for the engineering, procurement and construction of oil and gas processing plants, including fertilizer and chemical plants.

Group DF consolidates Dmitry Firtash’s assets in the gas distribution, chemical, titanium and port industries, as well as in agriculture and media.

Ostchem is Group DF’s nitrogen holding company that unites the largest mineral fertilizer producers in Ukraine. It includes Rivne Azot, Cherkasy Azot, as well as Sievierodonetsk Azot and Stirol, which are not operating and are located in the occupied territories.

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