Business news from Ukraine

Business news from Ukraine

July 4 in Kiev to 30°

July 4 in Ukraine: no precipitation at night, intermittent rains with thunderstorms during the day in eastern, western and central regions; no precipitation in the rest of the country.

Winds of alternating directions, 3-8 m/s.

The temperature at night is 15-20°, daytime temperatures are 25-30°, in the south of the country – 19-24°, daytime temperatures are 28-33°.

July 4, Kiev, July 4, with no precipitation. The wind direction is variable, 3-8 m/s.

The temperature at night is 18-20°, daytime temperatures are 28-30°.

Amount of state budget financing in 2023

Amount of state budget financing in 2023

Source: Ministry of Finance of Ukraine

Ukraine takes third place in medal standings at European Games 2023 in Krakow

The Ukrainian sportsmen have won 41 awards at the European games-2023 in Krakow: 21 gold, 12 silver and 8 bronze medals, thus having occupied the third place in the medal offset, is informed on the official site of the European games.

The president’s office congratulated the Ukrainian team on its successful performance.

“We are strong both on the battlefield and in the sports arenas. Thank you to our athletes, in whose honor the National Anthem of Ukraine was played 21 times at this multi-sport forum,” Telegram said Sunday night.

“Together we are discovering for the world a new victorious Ukrainian strength. A force that we will never lose and that will always defend, create and win!”, summed up the message.

,

Entrepreneurs, lawyers and the Ministry of Defense oppose approval of draft law #8087 without revision

The Ukrainian League of Industrialists and Entrepreneurs supports sending the draft law No. 8087 “On Amendments to Certain Laws of Ukraine on Urgent Measures to Strengthen the Capabilities of Cyber Defense of State Information Resources and Critical Information Infrastructure”, which expands the powers of the State Service for Special Communications and Information Protection and obliges private companies to have a cybersecurity officer, for a second reading.
This was stated by Anatoliy Kinakh, President of the Ukrainian Union of Industrialists and Entrepreneurs, at a public discussion of the draft law held at the USPP.
“I would very much ask that following the results of our discussion, the proposal that has absolute support in the context of returning the draft law No. 8087 for a repeated second reading for significant revision be taken into account,” Kinakh said.
He emphasized that the shortcomings in the text of the draft law do not meet European standards, especially with regard to state control in this area, the inadmissibility of monopolization of such control functions, which entails, among other things, corruption risks.
“I am confident that today we have a list of suggestions and comments compiled at a serious professional and state level. I hope that today’s hearings will also be taken into account during the regulatory procedures in the Verkhovna Rada during further consideration of the draft law,” added Kinakh.
During the discussion, experts and management of the ULIE, in particular, Vice President Ivan Petukhov, expert Igor Dyadyura and member of the Kyiv Regional Bar Council Oleg Chornobay criticized the overly broad scope of the law, unlike European counterparts that affect only medium-sized businesses.
Draft law No. 8087 also applies to any actions related to the storage of personal data or other information with limited access in digital form, and thus, according to Chornobay, even an individual lawyer who maintains a client database and stores information subject to attorney-client privilege must hire a cybersecurity specialist (officer).
“There is a beautiful title to the draft law, but when we look at the specifics, we see that it introduces changes that affect not only state information resources and not only critical infrastructure facilities, but also the private sector. Thus, the purpose of the draft law is one, but its implementation is completely different,” added Chornobay.
Petukhov noted that even a small business that maintains a database of employees or customers may also be subject to the law and incur additional costs.
According to him, the rights of businesses to appeal against unlawful orders of government agencies are also being violated. If now they do not have to comply with it, if there is an administrative appeal of the decision, then according to the draft law No. 8087, this order must be fulfilled, and then, after the fact, it can be appealed.
Vitaliy Deynega, Deputy Minister of Defense of Ukraine for Digital Development, Digital Transformation and Digitalization, also criticized the bill.
“This law may prevent us from digitizing the army and deploying digital infrastructure in the context of hostilities,” he emphasized.
Deynega noted that the Ministry should retain its independence in determining the conditions and criteria for the supply of goods, works and services for the functioning of the armed forces’ information and communication systems.
As the agency reported, draft law No. 8087 was developed by a group of MPs led by Oleksandr Fediyenko.
On January 12, it was adopted in the first reading, and the relevant committee on national security, defense and intelligence recommends its approval in the second reading.

, ,

American Wasatch Group will build 600 modular houses in Kyiv region

On Friday, June 30, Ukrainian President Vladimir Zelensky met with US businessman and philanthropist, founder and CEO of real estate investment company Wasatch Group Dell Loy Hansen, the press service of the President said.

As it was noted during the meeting, Wasatch Group in partnership with the charity organization To Ukraine With Love plans to build 600 fully furnished modular houses for people whose homes were destroyed in the war in Ukraine, in the Kyiv region in 2023-2024.

Hansen also presented to Zelensky the Hansen Township apartment complex project, the main idea of which is to create a large community for elderly people, war veterans, widows, orphans and people with disabilities. The project will include medical and emotional care centers, as well as physical therapy, art therapy and other needed services.

“This campus will be able to replace several family-type orphanages that were destroyed during the war. We know that more than 100 of these institutions were destroyed, and the issue of their restoration is taken up by the First Lady of Ukraine Elena Zelenskaya,” Hansen said.

He also told the President about the initiative to build homes for elderly people left homeless in several regions of Ukraine. A dental clinic, hairdressing and manicure services, a hot meal center and a movie theater will be provided for the needs of their residents on a free-of-charge basis.

Zelensky thanked Hansen for this idea and such important concern for the elderly. The parties also discussed the possibility of Wasatch Group’s participation in the construction of new, modern rehabilitation centers for war veterans, which the state will support in every way possible.

“I know that you are implementing very important projects to support our people. We really appreciate that you are investing in life, in helping people,” Zelensky emphasized.

For his part, Hansen said he admired the leadership of the Ukrainian president and the entire Ukrainian people in defending the values of freedom and democracy, and expressed his conviction that Ukraine’s support in this struggle must remain unwavering.

Not single permit to join Black Sea grain initiative issued since June 26

Since June 26, the Joint Coordination Center (JCC) has not issued a single permit to join the Black Sea Grain Initiative to any new bulk carrier, UN Secretary-General’s spokesman Farhan Haq said on Friday.
“We note with concern that not a single new bulk carrier has been authorized to join the Black Sea Grain Initiative since June 26, despite 29 applications to the JCC,” Haq said at a briefing.
He emphasized that if new ships are not allowed to participate in the initiative, “millions of tons of food will be stuck in ports” until July 17, when the agreement expires.
According to Hack, only 13 ships are currently operating under the grain deal, either in Ukrainian ports or heading to or from Istanbul.
“The parties to the agreement should ensure that more bulk carriers pass through the maritime humanitarian corridor, which is a lifeline for global food security,” the Secretary-General’s representative said.
He also said that representatives of the UN and Russia may meet in the coming days to discuss the continuation of the Black Sea grain initiative.
On June 15, the JCC reported that more than 31.9 million tons of agricultural products had been exported from Ukraine under the grain initiative. This volume includes 625,169 tons of grain exported on dry cargo ships chartered by the UN World Food Program (WFP).
According to the JCC, the number of ship inspections has dropped significantly since May 25. From June 1 to 4, the JCC did not conduct any inspections due to another blockade by the Russian side.