Business news from Ukraine

Business news from Ukraine

Well-known architectural company involved in creation of new master plan of Nikolaev

International architectural firm One Works and Norman Forster are involved in the creation of a promising master plan for Nikolaev, according to the press service of Mykolaiv City Council.
UN Economic Commission for Europe (UNECE) in early fall invited international architects to help Nikolaev to develop a perspective master plan. Coordinates the work of a global design and architectural firm One Works (Italy).
According to the website of the architectural company, One Works created a special team on a pro bono basis.
“We want to contribute, using the best of our skills and knowledge, in defining a master plan that looks at the architectural and infrastructure reconstruction of the city on which to base an equally robust social reconstruction…During a series of online meetings with Nikolaev Mayor Alexander Senkevich and Deputy Mayor Vitaly Lukov, we were able to discuss the first steps to be taken to address the most urgent needs and support recovery efforts for a better tomorrow, envisioning z
One Works is working closely with the UNECE task force, the Norman Foster Foundation and the Nicholas authorities on five thematic macro areas that form the basis for analysis and identification of strategies that will guide the development of a new master plan for the city: transportation and infrastructure, green and water systems, social housing, industrial/manufacturing development.
“This is a project that will be all the more successful the more professionals know how they can get involved. I work daily with our One Works directors to help bring in professionals who showcase the best of Italian design, craftsmanship, in addition to an intense dialogue and exchange with local Nikolaev professionals and architects. Together with an in-depth analysis of the city’s needs, we can make the Mykolaiv Master Plan an unprecedented model of inclusive design for people,” explained De Carli.
For example, the Department of Urban Planning of the Polytechnic University of Milan, experts on digital transformation of cities Municipia, ExSUF – Center of Excellence of the Geneva UN Charter, Liuc – Libera Università di Castellanza have already been involved in the development of the perspective Mykolaiv master plan.
According to the press service of the Mykolaiv City Council, in parallel, a sociological study of the opinions of citizens on the creation of a master plan is carried out.
It was previously reported that British experts, headed by Norman Forster, were brought in to help create a master plan for the reconstruction of Kharkiv. In order to ensure openness and transparency of the interested representatives of communities, UNECE plans to launch a common site for Kharkiv and Mykolaiv, which will inform citizens about all stages of development as much as possible.

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Oil prices rise, Brent at $96.19 a barrel

Oil prices rose for the third session in a row thanks to expectations of growth in demand in China as a result of changes in the authorities’ policy to combat COVID-19, as well as new measures to support the economy.
Last week Beijing announced a cut in mass testing of people for the coronavirus as well as the dissolution of “quarantine camps”. On Saturday, authorities said they were planning further gradual changes that would make the covid restrictions more focused, but not softer.
“China’s adjustment of its ‘zero tolerance’ coronavirus policy sends a strong signal to the oil market,” notes SPI Asset Management analyst Stephen Innes.
The value of January futures for Brent crude oil on London’s ICE Futures exchange is $96.19 a barrel by 7:15 PM on Monday, up $0.2 (0.21%) from the previous session’s closing price. Those contracts rose $2.32 (2.5%) to $95.99 a barrel at the close of trading on Friday.
The price of WTI futures for December at electronic trades of NYMEX grew by that time by $0.14 (0.16%) to $89.1 per barrel. By closing of previous trades the cost of those contracts grew by $2.49 (2.9%) to $88.96 per barrel.
Brent had fallen by 2.6% and WTI by 3.9% at the end of previous week.
The increase in oil consumption in China may coincide with a reduction in supply in the market in connection with the forthcoming entry into force of the European embargo on imports of Russian oil and reduce OPEC production +, notes Bloomberg.
U.S. Treasury Secretary Janet Yellen said over the weekend that a European embargo on oil purchases from Russia that enters into force Dec. 5 will “very likely” force Moscow to sell some oil at a price no higher than the ceiling set by the United States and its allies, if Russia wants to avoid a significant reduction in oil exports.

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Full list of energy equipment for preferential imports into Ukraine published

The list of import goods that will be imported to Ukraine without payment of import duty and VAT for winter included: electric generating sets, transformers, electric batteries, equipment for switching or protection of electric circuits or for connection to electric circuits for voltage over 1000 V, consoles, panels, distribution boards, equipment and devices for water filtration or treatment.
The Economy Ministry said Friday that the relevant Cabinet of Ministers decree No. 1260 to expand the list of preferential imports in connection with the Covid epidemic was made public on the government website on Friday.
The Ministry of Economy clarified that the relevant tax changes were initiated on the instructions of Ukrainian President Vladimir Zelensky.
According to the Ministry, the abolition of VAT and import duties will reduce prices and saturate the Ukrainian market with goods that will help citizens and businesses to survive periodic power outages this winter season.
At the same time, according to deputy head of the Verkhovna Rada Committee on Economic Development Dmitriy Kisilevskyy, even before the abolition of import duties and VAT on such goods, the government should have gathered domestic producers of this equipment and provided them with priority access to credit 5-7-9%, canceled the duties on components and raw materials and formed a reserve fund of equipment and materials.
“The government is implementing the abolition of import restrictions solely on finished products – without components and raw materials, not to mention other steps. As a result, a generator produced in Ukraine will, by definition, be 20-30% more expensive than an imported one,” the MP wrote in a column in NV.
According to him, in the absence of such steps, the adopted import privileges are an unbalanced policy.
As the MP specified to the Interfax-Ukraine news agency, among Ukrainian producers of such products are, in particular, Power Generation LLC, Geko-Center, Compressors International, Hyatt Ukraine, Darex-Energo and Equiwes.

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US to announce next military aid package to Ukraine in coming weeks – Biden’s advisor

The United States continues to help Ukraine and will announce another military aid package in the coming weeks, U.S. Presidential National Security Adviser Jake Sullivan told reporters Sunday.
“We remain stable in providing security assistance. You know about the one aid package that we just announced, there will be another (aid package) in the next few weeks, about a similar time frame and the same amount that we’ve been sticking to over the last few weeks and months,” Sullivan told reporters aboard a flight from Vietnam to the G20 summit in Bali.
“We are also consulting with Congress about additional resources for next year,” the Biden adviser added.
Sullivan is accompanying President Joe Biden on visits to Cambodia and Indonesia, where he has attended U.S.-ASEAN and East Asian summits, and where he will attend the G20 summit in Bali.
Earlier this week, U.S. Secretary of State Anthony Blinken said he had authorized a $400 million new shipment of weapons to Ukraine at the president’s behest.
The Pentagon informed that the delivery would include Hawk air defense missiles, four Avenger surface-to-air missile systems equipped with Stinger missiles, additional ammunition for HIMARS multiple-launch rocket systems, 21,000 155 mm artillery shells, 500 high-precision 155 mm artillery shells, cold weather gear and other military equipment.
A U.S. Department of Defense press release noted that the new U.S. aid package to Ukraine was the 25th since August 2021. In total, since the beginning of President Joe Biden’s administration, the United States has provided Kiev with military assistance worth over $19.3bn.

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By November 11 Ukraine has already harvested 58 million tons of major crops

Ukrainian agrarians harvested 58.11 million tons of major crops from the total area of 16.08 million hectares by November 11, with 5 million tons harvested from 0.94 million hectares during the 4-11 November period, the website of the Ministry of Agrarian Policy and Food Products said on Friday.
The report specifies that during the week the total area of agricultural land, from which the crops were harvested, increased by 4 percentage points (p.p.) – up to 76% of the previously planned areas.
In terms of crops harvesting of wheat, barley, peas and rapeseed is completed. Millet was harvested at 95% (no change within a week), buckwheat – 95% (no change), sunflower – 93% (+6 p.p.), soybeans – 91% (+6 p.p.), sugar beet – 83% (+10 p.p.), corn – 39% (+9 p.p.).
According to Ministry of Agricultural Policy, the final yield of wheat in the current season amounted to 19.2 million tons from 4.7 million hectares, barley – 5.5 million tons from 1.6 million hectares, rape – 3.1 million tons from 1.96 million hectares, pea – 261 tons from 111.5 thousand hectares.
In addition, by November 11, a total of 9.5 million tons of sunflower (+0.5 million tons per week) from 4.4 million hectares (+0.3 million ha), 9.6 million tons of corn (+3.3 million tons) from 1.6 million hectares (+0.5 million ha), 7.3 million tons of sugar beets (+0.9 million tons) from 149 thousand hectares (+44 thousand hectares), 1 million hectares of rape from 1.6 million hectares (+0.5 million ha) and 2 million hectares of peas (+0.5 million ha) were yielded. ha (+44 thousand ha), 3.4 million tons of soybeans (+0.3 million tons) from 1.4 million ha (+0.1 million ha), 153 thousand tons of buckwheat (+2 thousand tons) from 112 thousand ha (+1 thousand ha), and 98 thousand tons of millet (no change) from 42.6 thousand ha (no change).
According to the Ministry, the average yield of all crops in the current season was 42.4 c/ha, including corn – 58.3 c/ha, wheat – 41.2 c/ha, barley – 35.1 kg/ha, rape – 28.9 kg/ha, soybeans – 24 kg/ha, peas – 23.4 kg/ha, millet – 23.1 kg/ha, sunflower – 21.9 kg/ha, buckwheat – 13.6 kg/ha, sugar beets – 489 kg/ha.
As reported, Ukraine in 2021 harvested a record crop of cereals, legumes and oilseeds in the amount of 106 million tons: cereals and legumes – 84 million UAH, oilseeds – 22.6 million tons.
Last year a total of 32.4 million tons of wheat, 40 million tons of corn, 10 million tons of barley, 581.5 thousand tons of peas, 191 thousand tons of millet and 110 tons of buckwheat were harvested. Sunflower harvest amounted to 16.3 million tons, soybeans – 3.4 million tons and rapeseed – 2.9 million tons.

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“Ukrzaliznytsia” will launch a new route – Prague – Chop

Ukrzaliznytsia in cooperation with Czech carriers plans to launch a train from Prague to Chop.
As noted in the message in the telegram channel of Ukrzaliznytsia, the start date of this train will be announced additionally.
In addition, from December 11, 2022 will run trains: Vienna (Austria) – Chop and Kosice (Slovakia) – Chop.
In addition, the following trains run through the Chop station:
– No. 59/60 Kiev – Chop;
– No. 749 Kiev – Vienna;
– No. 4/3 Zaporizhzhya – Uzhgorod;
– No. 45/46 Uzhgorod – Kharkiv;
– No. 81/82 Kiev – Uzhgorod;
– No. 749/750 Kiev – Uzhgorod;
– No. 265/266 Kovel – Uzhgorod (newly appointed).

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