Business news from Ukraine

Business news from Ukraine

STARLINK UKRAINE IS REGISTERED IN UKRAINE AS A REPRESENTATIVE OFFICE OF SPACEX

A representative office of Elon Musk’s SpaceX company – Starlink Ukraine – has been registered in Ukraine, Deputy Prime Minister – Minister of Digital Transformation Mikhail Fedorov said.
“Starlink Ukraine (“Starlink Ukraine”), as a representative office of SpaceX, has just been registered in Ukraine,” he wrote on his Telegram channel on Wednesday.

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DEPUTY HEAD OF UKRAVTODOR ESTIMATES DAMAGE TO ROAD INFRASTRUCTURE AT UAH 900 BLN

About 23,000 km of public roads have been destroyed as a result of Russia’s armed invasion of Ukraine, of which 8,000 km are state roads; 302 artificial structures were also destroyed.
As Andriy Ivko, First Deputy Head of the State Agency for Highways of Ukraine (Ukravtodor), said on the air of the national telethon, Ukravtodor currently estimates the damage from the destruction of roads by the occupiers at UAH 900 billion.
“Today we are performing work almost throughout the country, but we are clearing and restoring temporary crossings in three regions – Kyiv, Chernihiv and Sumy,” he said.
According to Ivko, 500 km of roads have already been cleared – these are state roads and communal roads, of which 212 km are the streets of Irpen, Bucha and other cities. In addition, 18 temporary crossings, detours, detours have already been built.
“For example, the highway Kyiv – Chop M-06. A bridge was destroyed in the village of Stoyanka. Now there is already a detour, and we are already restoring it. In addition, I can say about R-30: this is the entrance to Irpen. A temporary crossing was made in less than a week, design and survey work is also being carried out there. We will make a new bridge in this place,” Ivko said.
Earlier it was reported that President Volodymyr Zelensky held a meeting to develop a plan for the post-war renewal and development of Ukraine. Kirill Timoshenko, Deputy Head of the Presidential Office, said that the restoration of the country at all levels – economic, infrastructural, social – are the main directions included in the plan.

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EUROPEAN COMMISSION PROPOSES TO SUSPEND FOR YEAR ALL IMPORT DUTIES ON ALL UKRAINIAN EXPORTS TO EUROPE

Prime Minister Denys Shmyhal says the European Commission has proposed suspending all import duties on all Ukrainian exports to the European Union for a year.
“Today, the European Commission proposed to suspend for a year all import duties on all Ukrainian exports to the European Union. This is an unprecedented gesture of support for our country. The EU has never taken such massive trade liberalization measures in any country before. This opens up additional opportunities for our business, and our products become more competitive in the European market. We negotiated the abolition of duties with our European colleagues, and we are grateful that they heard us and supported Ukraine,” Shmyhal wrote on the Telegram channel.
Shmygal also said that the government has agreements and is negotiating with Poland, Romania, Lithuania, Germany and other countries to allow Ukrainian exports through the ports of these countries.
“We are working further so that, in addition to the EU countries and the UK, our other allies will also take the decision to abolish duties on Ukrainian products,” he wrote.

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PRESIDENT OF UKRAINE RECEIVES INVITATION TO ATTEND G-20 SUMMIT IN INDONESIA

President of Ukraine Volodymyr Zelensky received an invitation to participate in the G-20 summit.
“Thank you for the invitation to the G-20 summit,” he tweeted after a phone call with Indonesian President Joko Widodo on Wednesday.
“I thanked for the support of the sovereignty and territorial integrity of Ukraine, in particular, for a clear position in the UN. Food security issues were discussed,” he also wrote.
The G-20 summit will take place in autumn 2022 in Indonesia.

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AUSTRIAN EMBASSY STAFF RETURNED TO KYIV

Employees of the Austrian embassy in Ukraine returned to Kyiv last week, the Austrian Ministry of Foreign Affairs reported.

“We are united with the people of Ukraine, who have become victims of unprecedented military aggression by Russia. As an important sign of our unwavering solidarity with Ukraine, our embassy staff returned to Kyiv last week. Thank you to our staff for your efforts and dedication!” the Foreign Ministry tweeted on Wednesday.

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UKRAINE WANTS TO EXPAND EXPORT VIA ROMANIA

Prime Minister Denys Shmyhal has discussed with Romanian Prime Minister Nicolae Ciucă the possibility of expanding export and transit corridors through Romania, as well as using additional facilities of Romanian seaports.
“We discussed the possibility of expanding the already established export corridors, transit corridors through the territory of Romania, as well as using the additional capabilities of Romanian seaports and checkpoints between our countries,” Shmyhal said at a joint briefing with Ciucă on Tuesday evening.
The parties also discussed the process of restoring the settlements of Ukraine affected by the war, and also discussed the participation of Romania in such projects.
In addition, the prime ministers discussed cooperation between countries in the energy sector, economy, business and transit potential.
Among other things, he thanked Romania for launching and operating hubs on its territory for international technical and humanitarian support to Ukraine, as well as for helping displaced Ukrainian citizens.
In addition, Shmyhal said that the countries are working on a draft memorandum of cooperation to ensure the social protection of children who have suffered in war and armed conflicts.
Later, the press service of the government reported that at a meeting of the parties Shmyhal proposed to consider the possibility of opening the Diakivtsi (Ukraine) – Racovăț (Romania) checkpoint as soon as possible and further granting it the status of a checkpoint for cargo transportation to increase transit opportunities between Ukraine and Romania.
In addition, he noted the role of Romania in the international processes of condemnation and punishment of Russia for crimes against humanity and acts of genocide that continue on the territory of Ukraine.
In turn, the Prime Minister of Romania assured that they will continue to support Ukraine in its fight and will support the tightening of sanctions against the aggressor.

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