Business news from Ukraine

Business news from Ukraine

DYNAMICS OF CHANGES IN DISCOUNT RATE OF NBU

Dynamics of changes in discount rate of NBU

NBU

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PRESIDENT OF UKRAINE ZELENSKY: ADVISORS TO THE LEADERS OF 7 COUNTRIES ARE READY TO DISCUSS SECURITY GUARANTEES FOR UKRAINE

Advisors to the leaders of 7 countries, including the United States, Great Britain, Turkey, Poland, Germany, France and Israel, are ready to discuss a list of security guarantees for Ukraine, Ukrainian President Volodymyr Zelenskyy said.

“The meeting will definitely take place, because it was confirmed by representatives of the guarantor countries. Of the future. This applies to the United States, Great Britain, Turkey, Poland, Germany, France, Israel. These are not all guarantors, but I named those countries that are already ready to come and discuss a list of security guarantees,” Zelensky said in an interview with the Turkish Haberturk TV channel.

He stressed that it is important for Ukraine to know what kind of guarantees these countries are willing to accept.

“They have different views. Some of them are ready for anything, for full support. And some not for full support. Therefore, we need a joint meeting with these countries at the level of advisers who will talk about a future document – guarantees of our sovereignty, independence and territorial integrity “, – he said, adding that, “when Ukraine is satisfied with everything in the document, a meeting with the Russian side will take place.”

The head of state also noted that a meeting with the advisers of these 7 countries should be held in the near future. “And then – just as quickly – with Russia, because there is a war going on in Ukraine,” he added.

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ECONOMIC SECURITY BUREAU INITIATES NATIONALIZATION OF OVER 1,500 MORE RUSSIAN RAILCARS

The Economic Security Bureau (BEB) is initiating the nationalization of more than 1,500 more Russian railway wagons.
“As of today, BEB has initiated the nationalization of the property of Russia and Belarus, as well as their citizens, with an estimated cost of over UAH 468 million (450 tank cars and 7 freight vehicles). issue of seizure,” the Bureau said on its website on Wednesday.
In particular, the export to Russia of 45 wagons of alumina with a total weight of more than 3,000 tons, belonging to the Nikolaev alumina refinery, has been halted.
At the same time, the Bureau clarifies that the assessment of inventory items is underway. After carrying out appropriate measures, the issue of their nationalization will be decided.
As reported earlier, the Economic Security Bureau (BEB) initiated the nationalization of 400 Russian and Belarusian railcars found in the Cherkasy region.

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EXANTE BROKER DONATES $1 MLN TO UNICEF TO UKRAINE

EXANTE, an international broker licensed in Cyprus and active in the Ukrainian markets, announced a $1 million donation to UNICEF to help children and families affected by the ongoing war in Ukraine.

“Our company was founded on the belief that freedom is an inherent human right, and at times like these it’s more important than ever. As a result, our shareholders feel compelled to take action – after all, actions speak louder than words. Whilst we cannot change what’s happening, together with our colleagues and clients we hope that the money donated will truly make a difference and help the thousands of children and families affected,” Alexey Kirienko, the CEO of EXANTE, said.

“UNICEF is rapidly scaling up its humanitarian response in Ukraine and in neighboring countries. To date, UNICEF has delivered 858 tonnes of emergency supplies, including health supplies, hygiene kits, education and recreation supplies for children and adolescents, in addition to winter clothing,” the report says.

“UNICEF is appealing for $349 million to provide critical life-saving support for children and their families. This includes $ 276 million to respond to immediate needs within Ukraine and $ 73 million for humanitarian needs in neighboring countries. This funding will help to support over 3.5 million people, including 2.2 million children,” it states.

Founded in 2011, EXANTE describes itself as a wealth-tech company providing centralized investment solutions and infrastructure for financial institutions. The company employs over 500 people and manages $1.6 billion.

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LOANS TO FARMERS FOR SOWING REACHED UAH 1.79 BILLION

Ukrainian banking institutions for the period from mid-March to April 5 issued loans to farmers as part of the state program to support the sowing campaign in the context of the Russian military invasion of Ukraine for a total of UAH 1.79 billion, according to the website of the Ministry of Agrarian Policy and Food of Ukraine on Wednesday.
At the same time, it is specified that currently 80% (UAH 1.5 billion) of the provided borrowed funds were portfolio guarantees, and 900 agricultural producers from different regions of the country received access to financing.
Most of all loans for the specified period were attracted by farmers of Kirovohrad region – UAH 405 million (22% of the total), Vinnitsa region – UAH 365 million (20.4%), Dnepropetrovsk region – UAH 267 million (14.9%), Odessa region – UAH 161 million (9%) and Lviv – UAH 159 million (8%) regions.
According to the Ministry of Agrarian Policy, loans up to UAH 60 million under this program are issued at 0% per annum (under the state financial support program “Affordable loans 5-7-9%”). The term of such lending is up to 6 months, and after its completion, the interest rate for borrowers will be 5% per annum. Agrarians falling under the definition of an agricultural producer can use the loan.
“Lending to farmers is one of the main priorities of banks. The conditions for granting loans are simplified as much as possible. Moreover, banks lend to our farmers even in those regions where there are battles, because they need to sow, and (…) people go out to their fields,” the ministry quotes its head of Nikolai Solsky.
The agency clarified that the government program to support the sowing campaign is being implemented by the Cabinet of Ministers, the Ministry of Agrarian Policy, the Ministry of Finance, the Ministry of Economy, the National Bank and the banking sector.
As reported, at the end of March, the Cabinet of Ministers of Ukraine expanded the procedure for issuing guarantees for agricultural producers on loans on a portfolio basis for the purchase of the resources they need for the sowing campaign in 2022, since due to the Russian military invasion of Ukraine, part of the farmers lost working capital for carrying out spring work.
Thus, within the framework of portfolio lending to agricultural producers, they will be able to obtain loans for the purchase of fertilizers, plant protection products, pesticides and agrochemicals, fuel, spare parts for agricultural equipment, as well as for replenishment of fixed assets and intangible assets, wages, rent of real estate and movable property, works and services for its operations.
The total budget of this program to support the 2022 sowing season is UAH 50 billion.

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CONSTRUCTION OF BOMB SHELTERS IN NEW HOUSING CAN BE REGULATED AT LEGISLATIVE LEVEL

The construction of bomb shelters in new housing can be regulated at the legislative level, said Elena Shulyak, leader of the Servant of the People party.
“Will there be new buildings with bomb shelters? We plan to resolve this issue at the legislative level, with prescribed norms and rules. I’m sure this should become one of the requirements of users of such housing and premises,” the people’s deputy wrote on Facebook.
According to Shulyak, the role of bomb shelters can also be performed by specially designed fortified underground parking lots.
The People’s Deputy recalled that the Verkhovna Rada adopted in the first reading bill No. 7198, which provides for the restoration of housing destroyed by the occupiers at the expense of the state.
As reported, President of Ukraine Volodymyr Zelensky supported the idea of introducing a rule on mandatory shelters into state building codes.

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