Business news from Ukraine

Business news from Ukraine

Changes in revenue of consolidated budget in 2014-2022 (%)

Changes in revenue of consolidated budget in 2014-2022 (%)

Source: Open4Business.com.ua and experts.news

First Deputy Foreign Minister of Ukraine arrives in New Delhi

First Deputy Minister of Foreign Affairs of Ukraine Emine Japarova, who arrived in India on a two-day visit, held a meeting with the Secretary of the Western Direction of the Indian Ministry of External Affairs Sanjay Verma.
“Pleased to meet with the Secretary of the Western Direction of the Ministry of External Affairs of India Sanjay Verma in New Delhi. Informed about Ukraine’s efforts to combat unprovoked Russian aggression. Invited India to join the “peace formula” initiated by President Zelensky and the “Grain from Ukraine” initiative. It is important to have India on board,” Japarova wrote on Twitter.
In turn, Verma on Twitter welcomed Japarova to India.
“Nice to receive the Deputy Foreign Minister of Ukraine Emine Japarova. Shared views. Discussed bilateral commitments and further cooperation. We wish her a successful trip,” Verma noted.
According to the website of the Ukrainian Foreign Ministry, First Deputy Foreign Minister Japarova will pay a visit to India on April 10-11.
The program of stay in New Delhi includes meetings with Minister of State for Foreign Affairs – Minister of State for Culture of India Minakashi Lekhi, Deputy Foreign Minister of India Sanjay Verma and Deputy National Security Adviser to the Prime Minister of India Vikram Misri.
“The parties will discuss strengthening bilateral cooperation, in particular, holding political consultations, exchange of visits at high and high levels, the resumption of the work of the intergovernmental Ukrainian-Indian commission on trade, economic, scientific, technical, industrial and cultural cooperation, as well as ways to enhance relations between the two countries. within a comprehensive partnership,” the statement said.
Dzhaparova will also take part in a round table with the Indian Strategic Community and interactive communication with representatives of the Indian Council of Foreign Affairs, as well as give interviews to leading media in India.

Netherlands will provide Ukrainian farmers with EUR 50 mln for demining of agricultural land and purchase of seeds and agricultural equipment

The Netherlands will provide Ukrainian farmers with EUR10 million for the demining of agricultural land and EUR40 million for the purchase of seeds and agricultural equipment as part of a total package of EUR180 million in aid to Ukraine, members of the Dutch Parliament’s Agriculture Committee said at a meeting in the Verkhovna Rada.
“We would welcome the Netherlands’ assistance in demining to speed up this process. After all, this is one of the most pressing problems of farmers, especially in the southern and eastern regions,” said Oleksandr Haidu, head of the Parliamentary Committee on Agrarian and Land Policy.
He suggested paying attention to projects to restore and modernize irrigation and drainage systems, expanding new logistics routes with the EU to help Ukrainian farmers export agricultural products.

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European Dairy Association supports extension of preferential treatment for Ukrainian exports to EU

The European Dairy Association (EDA) supports the extension of preferential treatment for Ukrainian dairy exports to the EU, according to the March issue of Dairy Flash.
“As EDA, we have made clear our support for the extension of the European Commission’s “zero quota, zero tariff” approach when it comes to Ukrainian dairy exports to the EU. It goes without saying that we expect compliance with the principle of reciprocity in the trade approach,” the EDA stressed.
The corresponding statement was made at the 6th Forum “Civil Society EU-Ukraine” that was held by the Trade Service of the European Commission with the participation of business organizations, environmental groups and non-governmental organizations of the EU and Ukraine.
EDA is a European platform of dairy processors, uniting cooperatives, private dairies, world dairy industry leaders, as well as small and medium-sized companies operating in the dairy sector. It has a major think tank. EDA committees and working groups work to ensure a sustainable dairy base in Europe, to unlock the potential of EU domestic markets, and to ensure growth in global dairy processing.

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Scheduled business audits by state tax service in 2023

Scheduled business audits by state tax service in 2023

Source: Open4Business.com.ua and experts.news

Japanese and South Korean stock indices rise on Monday

Stock indices in Japan and South Korea are rising on Monday while the Chinese indicator is sinking.
Australian and Hong Kong markets are closed due to the Easter holiday.
Japan’s Nikkei 225 stock index is up 0.4% in trading thanks to data on rising consumer confidence in the country.
Japan’s Consumer Confidence Index in March rose to a maximum of 33.9 points from 31.1 points a month earlier in May last year, according to official statistical data. The consensus forecast of experts quoted by Trading Economics had expected the index to rise to 31.9 points.
Indicators of personal income growth, employment, general standard of living and consumers’ willingness to buy durable goods rose in March.
Shares of Fast Retailing, owner of the Uniqlo brand, gained 1.6 percent in trading. Nintendo rose 3.8%, Sony gained 0.4% and Toyota Motor gained 0.2%.
Among the leaders of growth in Japan on Monday are shares of shipping companies. Nippon Yusen shares gained 3.2%, Mitsui OSK Lines gained 2.1% and Kawasaki Kisen Kaisha gained 1.9%.
The share price of Japan Display Inc. soared 21%. The Japanese company said Monday it has signed a memorandum of understanding with China’s HKC Corp. to form a strategic alliance to develop operations in OLED technology.
Japan Display and HKC plan to jointly build facilities to produce next-generation OLED displays and intend to launch mass production in 2025.
South Korea’s KOSPI stock index is adding 0.9 percent in trading.
Shares of Samsung Electronics rose 1.1% despite the weak preliminary report of the South Korean maker of smartphones and semiconductor components for the first quarter.
The company’s January-March operating profit fell 20 times in the quarter, according to preliminary data released after the market closed Friday.
Samsung also said Friday that it intends to “significantly” cut production of certain types of memory chips to streamline manufacturing operations.
South Korea’s government said late last week that it would direct 7 trillion won ($5.32 billion) over the next five years to financially support local battery manufacturers planning to build facilities in North America.
LG Electronics Inc. shares, which also released preliminary earnings Friday, are down 1.1%. The company reported a 23% decline in operating profit in the first quarter.
Shares of LG Energy Solution Ltd. rose 2.6%. The battery maker, according to preliminary estimates, increased operating profit nearly 2.5 times in the first quarter, beating experts’ expectations.
China’s Shanghai Composite stock index is losing 0.2%. Traders are worried about another round of tensions in U.S.-China relations after a meeting in the U.S. between current U.S. House Speaker Kevin McCarthy and Taiwanese Chief of Staff Tsai Ing-wen.
The Chinese army began massive military exercises around Taiwan on April 8, which an army spokesman said were “a warning to separatist forces advocating Taiwanese independence and a necessary measure to protect China’s sovereignty and territorial integrity.”
Shares of Chinese anti-virus developer 360 Security Technology lost 10% in trading, electronics maker Changsha Jingjia Microelectronics Co. – 14%, and alcohol producer Wuliangye Yibin 2.7%.

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