Business news from Ukraine

Farewell to Oleksandr Martynenko to be held on Friday in Kyiv

The funeral service for Oleksandr Martynenko, the founder and head of the Interfax-Ukraine news agency, will take place on May 31 at 11:00 a.m. at Baikove Cemetery in Kyiv.
A bus transfer will be organized from Mykhailivska Square at 10:30 a.m. for those wishing to pay their last respects.

As a reminder, Oleksandr Martynenko passed away on Tuesday, May 28, at the age of 63.

Born in 1960, Oleksandr Martynenko graduated from the Economics Department of Kharkiv State University and founded and headed the Interfax-Ukraine news agency in 1992. He was also Deputy Head (1991) and Consultant (2001) of the Presidential Administration of Ukraine, Press Secretary of the President of Ukraine (1998-2001), Secretary of the Presidential Council on Information Policy (2001-2002), and member of the National Council on Television and Radio Broadcasting (2002-2003).

He is a holder of the Order of Merit III degree (2022), the Order of Prince Yaroslav the Wise, V degree (2020). Since 2010, he has been an Honored Journalist of Ukraine.

“Interfax-Ukraine is an independent Ukrainian news agency that has been operating in the Ukrainian political and economic information market since 1992. It produces more than 40 news products in four languages. The agency’s editorial office is located in Kyiv. “Interfax-Ukraine is not part of any foreign media holdings. The founder and owner of Interfax-Ukraine was Oleksandr Martynenko. As reported at the end of 2023, Interfax-Ukraine news agency became the official representative of the international company Dun & Bradstreet (D&B) in the Ukrainian market. The agency has been a member and official service provider of the American Chamber of Commerce in Ukraine since 2005.

Ukraine will review anti-dumping measures against imports of cement from Russia, Belarus and Moldova

The Interdepartmental Commission on International Trade (ICIT) will review anti-dumping measures against imports of cement from Russia, Belarus and Moldova to Ukraine due to their expiration.

According to a report in the Uryadovy Courier dated May 22, 2024, the anti-dumping duties previously in force by the decision of the ICIT dated May 21, 2019, are extended for the duration of the review procedure.

It is noted that the Commission considered the relevant request for review from PrJSC “Dickergoff Cement Ukraine”, PrJSC “Ivano-Frankivsk Cement” with the support of PrJSC “Kryvyi Rih Cement”, and also studied the report of the Ministry of Economy on the results of the anti-dumping procedure for the review of customs duties due to the expiration of their validity.

“The request contains sufficient evidence that the termination of anti-dumping measures against imports into Ukraine of cement originating in the Russian Federation, the Republic of Belarus and the Republic of Moldova, applied by the Commission’s decision of 21 May 2019, is likely to lead to the resumption of dumping and injury,” the ICIT said in a statement.

The Ministry of Economy has been entrusted with the review of anti-dumping measures. Stakeholders are to register within 30 days.

According to Alyona Omelchenko, Partner and Head of International Trade Practice at Ilyashev & Partners Law Firm, who represented the interests of Ukrainian cement producers, the review process may take up to one year.

“This decision of the Commission is extremely important for the work of Ukrainian enterprises. The initiation of the review of anti-dumping measures by the ICIT will extend the period of application of duties and prevent dumped imports from entering the market until the final decision is made,” Omelchenko said in a press release.

As reported, in 2019, the ICIT applied anti-dumping duties on imports of cement clinkers and Portland cement to Ukraine under codes 2523 10 and 2523 29 at the level of 57.03% for cement from Belarus; 94.46% for cement from Moldova; 114.95% for cement from Russia. The duties were set for a period of five years.

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June 12 – Forum “Grain. Pigs. Meat” – new business opportunities

Forum “Grain. Pigs. Meat” will be held on June 12 and will bring together many experts.
The new pig industry of Ukraine means 20 million pigs (a 4-fold increase) and an additional 6 billion euros of added value annually!
Ukraine’s economic achievements are now more important than ever!

At the Forum “Grain. Pigs. Meat” Forum on June 12, 2024, producers and processors will gather to formulate a common strategy for development and maintaining profitability.

The main issues of the forum:

– Ways to overcome the blocking of pork exports
– Eradication of ASF in Ukraine through ASF vaccine prevention
– Strategy for implementing the New Pig Production Program in Ukraine
– Investment opportunities in the pig business
– New equipment and innovations in meat processing
– New products and innovations in pig breeding

These and other useful issues for agrarian businessmen will be revealed at the forum “Grain. Pigs. Meat” forum on June 12, 2024

Interfax-Ukraine is the official media partner of the event.

Registration by the link: https://meatindustry.com.ua/

 

Raiffeisen Bank started issuing unsecured “green” loans to small businesses for FEZs

Raiffeisen Bank has started issuing unsecured “green” loans to small businesses for  construction  solar power plants, as well as for the purchase of electric cars and charging stations to them.

As noted in the bank’s statement on its website on Tuesday, both FLPs and legal entities can obtain financing up to 80% of the cost of the relevant equipment and installation.

Under the terms of lending, the loan amount can be up to UAH 9 million for a period of 24 months. The interest rate is 17-19% per annum, without additional commissions.

“Thanks to the new loan program Raif contributes to decentralization of the energy system, development of electric mobility and ‘green’ recovery of Ukraine. Our business clients can reduce their risks, become energy autonomous, ensure the continuity of their work, reduce the cost of electricity and fuel. Having installed SES for loans from Raif, entrepreneurs will be able to produce “green” electricity for their own business needs, charge electric cars of their enterprises and clients with it, and sell the rest to the energy market, receiving additional income”, – commented Elena Shpirko, Raif’s business banking client segment development manager.

The bank specified that as the largest foreign lender to the Ukrainian economy, it issued UAH 1.5 billion of “green” loans to businesses, including for  construction  SES, production of solar panels, creation of biogas and biomethane plants, biofuel boilers, implementation of energy efficiency projects, etc.

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Euronews published Tokayev’s article on the role of middle powers

The European information TV channel Euronews today, May 28, 2024, published an article by the head of state Kasym-Jomart Tokayev. In it, the president of Kazakhstan spoke about the role of middle powers, reports Zakon.kz.

The full translation was distributed by Akorda.

“Countries like Kazakhstan should come forward with new strength and declare their role not only as participants, but also as responsible players in the global arena.

In today’s world, marked by extreme geopolitical turbulence and constant conflicts, the need for multilateral solutions is more urgent than ever.

Wars in Europe, the Middle East and Africa are claiming the lives of hundreds of thousands of people, while climate change is leaving millions hungry, vulnerable and homeless. These conflicts seem intractable, with no hope for improvement. Against this backdrop of global discord, traditional powers – the world’s economic and political giants – are increasingly less able to work together.

The conflict in Ukraine has created a diplomatic stalemate, the ongoing situation in Gaza is a huge humanitarian disaster, and tensions in the Indo-Pacific region are pushing risky actions at the expense of more constructive engagement. Meanwhile, structures established to promote international consensus, such as the United Nations, face paralysis and stalemate.
Middle powers, flexible key players

The veto power held by the permanent members of the UN Security Council often leads to stalemates, preventing decisive action on the global crisis and leading to recurring scenarios where unilateralism (unilateral action) is favored over collective action. This further undermines the spirit of multilateralism (multilateralism) and reduces confidence in international institutions. Against this backdrop, middle powers such as Kazakhstan emerge as key players with growing opportunities to bring about greater stability, peace and development in their regions and beyond.

Unencumbered by the complexities of superpower politics, we have the flexibility to successfully navigate complex diplomatic landscapes and pave the way for compromise and reconciliation. Even without as much global influence as the world’s superpowers, countries like ours have the economic power, military capabilities and, perhaps more importantly, the political will and diplomatic skill necessary to make a significant impact on the global stage on issues of food and energy security, green transition and IT, and supply chain sustainability.

Moreover, middle powers are deeply committed to multilateralism. Unlike superpowers, which may feel constrained by these institutions, charting their own course, our countries depend on these critical global mechanisms to resolve disputes, protect territorial integrity, and address common challenges such as climate change and pandemics.
Agenda: peacemaking and sustainable development

Kazakhstan has always been deeply committed to multilateralism, constantly seeking new venues for international dialog and joint action.

In addition to our ongoing work on nuclear disarmament and non-proliferation, we are actively promoting the establishment of a new multilateral agency focused on biosecurity to prevent the devastating effects of man-made pandemics and bioterrorism on a global scale.

We are also proud to co-chair this year, along with France, the first One Water Summit, which aims to bring together countries and communities around the world facing the challenges of water scarcity and desertification. In addition, we have offered to host the new UN Regional Center for Sustainable Development Goals (SDGs) for Central Asia and Afghanistan to coordinate regional efforts to combat the effects of climate change.

We are also not afraid to offer our assistance in finding solutions to protracted conflicts. This is evidenced by our recent commitment to peace talks between Azerbaijan and Armenia – an effort that underscores our belief in the power of middle powers to advance dialogue and promote peace.

Next year marks the 50th anniversary of the Helsinki Final Act, a valuable opportunity to reflect on the return and resurgence of divisions among the world’s great powers in the post-Cold War era.

More importantly, however, the road to global unity is not off the beaten track – it has been traveled successfully before. The world has overcome differences before and can do so again through diplomacy and dialog.
We must all work together to breathe new life into our world

With the multilateral system under severe strain, it takes countries of all sizes – large, medium and small – to breathe new life into it. However, with the big powers less and less willing to trust the process and the small countries lacking influence, it is the duty of the middle powers to lead the way.

Countries like Kazakhstan must step up and assert their role not only as participants but also as responsible players on the global stage.

At this critical moment, we call on all our international partners to join us in strengthening multilateralism – to revitalize and invest in a global system in which we have achieved much.

Let our collective action reflect our commitment not only to a more peaceful present, but also to a prosperous and harmonious future. The task is difficult, but with determination, leadership and a strong commitment to dialogue, we can turn today’s challenges into tomorrow’s successes. Let us lead the way to an era of multilateral renewal.”
Note that this is not the first article of the leader of Kazakhstan. For example, on September 20, 2023, the American print and online political publication The Hill published an article by Kasym-Jomart Tokayev about the UN.

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Companies of Ukrcement Association increased production by 46.3%

In January-March 2024, companies belonging to the Ukrcement association increased cement production by 46.3% compared to the same period in 2023, up to 1 million 477.9 thousand tons of cement, the Ukrcement press service reports.

According to the association, the figure for January-March this year almost reached the same period in pre-war 2021, when the volume of cement produced amounted to 1.56 million tons.

At the same time, clinker production in the first quarter of 2024 decreased by 8.5% compared to the first quarter of last year and amounted to 878.5 thousand tons.

As reported, in 2023, the total volume of cement produced in Ukraine increased by 37% compared to the previous year and amounted to 7.4 million tons.

The Ukrcement Association was established in January 2004 through the reorganization of the Ukrainian Concern of Enterprises and Organizations of the Cement Industry Ukrcement. The Association comprises five groups of companies including nine cement enterprises.