The meat casing plant PentoPak PJSC (Boryspil) after the first fruitless auction, scheduled on “Prozorro.Sales” on May 31, is put up for a second auction at a halved price – for UAH 101.87 million.
According to information on the site “Prosorro.Sales”, a new auction is scheduled for June 10.
As reported, on May 6, the State Property Fund (SPF) of Ukraine approved the starting price of PentoPak PJSC, recovered from Russian sub-sanctioned oligarch Ivan Savvidi, in the amount of 203.7 million UAH.
As noted in the FGI, the plant provides a full cycle of production of packaging for meat processing products. “PentoPak” produces multi-layer synthetic shrink casing, applying advanced technologies. Among the clients of the enterprise are well-known Ukrainian brands such as “Rud”, “Globino”, “Meat Guild”, as well as customers from more than 30 countries of the world.
The enterprise has preserved 193 jobs, has no debts on wages and to the budget. The company plans to modernize production and enter new markets of packaging materials for the dairy industry, fish processing and animal feed packaging.
Earlier, in February 2024, the SACS decided to confiscate Savvidi’s property and transfer 100% of PentoPak shares to the State Property Fund, as the oligarch has close ties with the Russian leadership and supports the occupation authorities in the temporarily seized territories of Ukraine.
Ukrainian President Volodymyr Zelensky arrived in Singapore to attend the Shangri-La Dialogue conference, which is a key platform for security issues in the Asia-Pacific region and to hold a number of meetings, in particular with U.S. Secretary of Defense Lloyd Austin.
“Global security is impossible when the world’s largest country ignores recognized borders, international law and the UN Charter, blackmails with hunger, darkness and nuclear weapons,” the president wrote in his Telegram channel.
According to Zelensky, restoring a just peace in Ukraine, ensuring global food and nuclear security is the task of the Global Peace Summit in Switzerland. “That is why it will be important for us to hear the voice of the Asia-Pacific region there,” he said.
According to the head of state, in Singapore he will hold meetings with the president of this state Tharman Shanmugaratnam and Prime Minister Lawrence Wong, President of Timor-Leste Jose Ramos-Horta, Singaporean investors, as well as U.S. Secretary of Defense Lloyd Austin.
As follows from the agenda of the conference, which this year is being held from May 31 to June 2, the Ukrainian president is scheduled to speak on Sunday, June 2.
Among others, the conference will be attended by US Defense Secretary Lloyd Austin and his Chinese counterpart Dong Jun, French Deputy Chief of Defense Staff Pierre Vandieu, Estonian Defense Minister Hanno Pevkur. Zelensky will speak as part of a plenary session on solutions for Global Peace and Regional Stability.
According to media reports, Russia will not participate in the current conference.
The Asian Security Summit “Shangri-La Dialogue” is an annual intergovernmental security forum held by the independent think tank “International Institute for Strategic Studies” (IISS), which is attended by defense ministers, permanent heads of ministries and other military leaders of 28 APR states. The forum takes its name from the Shangri-La Hotel in Singapore, where it has been held since 2002.
In Ukraine on Monday, June 2, except for the south-eastern part of short-term rains, thunderstorms in some places.
Wind is predominantly southwesterly, 7-12 m/s.
Temperatures in western regions at night 10-15°, in the afternoon 21-26°; in the rest of the territory at night 13-18°, in the afternoon 27-32°, in the north, Vinnitsa and Cherkassy regions 24-29°.
In Kiev on Monday night, light rain in the afternoon. The wind is southwest, 7-12 m/s. The temperature at night is 16-18°, during the day 26-28°.
According to the Central Geophysical Observatory named after Boris Sreznevsky. Boris Sreznevsky in Kiev on June 2, the highest daytime temperature was 33.3 in 1921, the lowest nighttime temperature was 3.9 in 1963.
On Tuesday, June 3, at night in the central, eastern, afternoon in the western and northeastern regions in some places short-term rain, thunderstorms, in the rest of the territory without precipitation.
Wind south, southwest, 5-10 m/s.
The temperature at night 13-18 °, during the day 23-28 °, in the south and east of the country 27-32 °.
On Tuesday in Kiev without precipitation. Wind south, southwest, 5-10 m/s. The temperature at night 16-18 °, during the day 26-28 °.
On May 28, 2024, the Embassy of Azerbaijan in Ukraine hosted a reception in Kyiv on the occasion of the 106th anniversary of the establishment of the Azerbaijan Democratic Republic.
It has been 106 years since the establishment of the first democratic, legal and secular state in the Muslim East – the Azerbaijan Democratic Republic (ADR) on May 28, 1918, which was founded by Mammad Emin Rasulzade.
In a tense and complicated socio-political situation, the DDR lasted only 23 months. The independent Republic of Azerbaijan was occupied by the Bolsheviks and only after the collapse of the USSR did Azerbaijan regain its independence for the second time. The Republic of Azerbaijan, which restored its state independence on October 18, 1991, by the relevant Constitutional Act, proclaiming itself the successor of the Azerbaijan Democratic Republic, adopted its state attributes, including the national flag, national anthem and coat of arms.
The solemn event was attended by distinguished guests: foreign diplomats, representatives of the government, Islamic religious leaders, members of the Azerbaijani diaspora in Ukraine, cultural figures and educators.
The Ambassador Extraordinary and Plenipotentiary of the Republic of Azerbaijan to Ukraine, Y.V. Seymur Mardaliyev, addressed the audience with a welcoming speech.
In his speech, the Ambassador focused on the history and present of the Azerbaijan Democratic Republic.
“Today, under the leadership of President Ilham Aliyev, our country is realizing the hopes and ideals of the Democratic Republic of Azerbaijan. Azerbaijan is going through the most grandiose and successful period in its long history and has never been as strong as it is now,” the diplomat said.
The ambassador also noted that Azerbaijan was one of the first countries to provide humanitarian aid since the beginning of the full-scale Russian invasion of Ukraine and is ready to continue to provide this assistance.
Deputy Minister for Foreign Affairs of Ukraine Yevhen Perebyinis expressed greetings on behalf of the Ukrainian government.
Yevhen Perebyinis expressed gratitude to Azerbaijan for its consistent political, humanitarian and military support of Ukraine and expressed hope for further strengthening of the strategic partnership between the two countries.
On February 6, 1992, Ukraine and Azerbaijan established diplomatic relations. The Embassy of Ukraine in Azerbaijan has been operating since May 5, 1996, and the Embassy of Azerbaijan in Ukraine was opened on March 12, 1997.
Number of unemployed in Ukraine and job opportunities, 2023-2024
Source: Open4Business.com.ua and experts.news
The Ministry of Finance and the National Bank of Ukraine, after reaching a staff-level agreement (SLA) with the IMF on the fourth review of the Extended Fund Facility (EFF) program, expect it to be approved by the IMF Board of Directors and the disbursement of the fifth tranche of the $2.2 billion program in the coming weeks.
“Ukraine has never reached the fourth review in any IMF program before. Today’s agreements are evidence of our commitment to reforms and changes for our country (…),” Prime Minister Denys Shmyhal commented on the agreement.
Minister of Finance Sergii Marchenko said that the government continues to work on implementing reforms and prioritizes maintaining economic stability and restoring Ukraine’s path to EU membership. He also thanked the IMF team for their efficient and well-coordinated cooperation.
According to the Ministry of Finance, the IMF experts emphasized the importance of the National Revenue Strategy and the implementation of certain of its provisions.
“The National Revenue Strategy is one of the structural beacons of the EFF-IF-U Program, which provides for the gradual implementation of measures aimed at reforming fiscal authorities and mobilizing tax revenues, as well as measures aimed at strengthening public confidence in tax and customs authorities,” the Ministry reminded.
For its part, the NBU noted that the future priorities of cooperation with the Fund will include strengthening banking regulation, supervision, lending, and capital market infrastructure.
In addition, considerable attention will be paid to increasing the level of financial inclusion, especially in the de-occupied territories and in regions close to active hostilities.
“Its low level is a deterrent to economic activity, so the NBU will focus on diagnostic work involving IMF and World Bank experts to develop effective measures,” the regulator said on its website on Friday evening.
The NBU is ready to further ease monetary policy provided that inflation expectations remain stable and hryvnia instruments remain attractive, which will be supported by a flexible exchange rate, the regulator said.
“Further balanced and gradual easing of currency restrictions in accordance with the Strategy should support economic recovery without creating risks to macrofinancial stability,” the NBU said in a statement.
According to the NBU, IMF experts noted that budget financing needs in 2024 remain very high. Given this, budget implementation should take into account financial constraints and the need to restore fiscal and debt sustainability.
“To ensure fiscal sustainability, Ukraine needs to accelerate the implementation of tax reforms and revenue administration envisaged by the National Revenue Strategy,” the press release says.
Among the priorities of the Program implementation, the regulator noted the strengthening of tax and customs administration, as well as strengthening public confidence through anti-corruption reforms and measures to properly protect taxpayers’ personal data.