Business news from Ukraine

Business news from Ukraine

GAZELLE FINANCE IS PLEASED TO WELCOME SVYATOSLAV SAMKO TO THE GAZELLE FINANCE TEAM

Gazelle Finance is pleased to welcome Svyatoslav Samko to the Gazelle Finance team.
Svyatoslav will lead Gazelle Finance’s investment strategy in Ukraine. An economist by education, as well as a graduate of Harvard Business School, Svyatoslav brings deep private equity investment experience developed over a long career working for some of the leading regional private equity firms in Central Europe, Russia, and Ukraine including Abris Capital Partners, Icon Private Equity and advising to investment funds with Bain & Company.
In June 2021, Gazelle Finance, as part of its expansion strategy targeting Eastern Partnership countries along the eastern border of the European Union, launched its operations in Ukraine.
Gazelle Finance is an investment company that finances high-growth small and medium size enterprises in the Eurasia Region. The company seeks to identify gaps and barriers in frontier capital markets and provide a combined financing and business advisory solution to ambitious entrepreneurs. By investing and partnering with these entrepreneurs, Gazelle Finance helps local markets and economies to expand, while generating commercial returns for its investors. For additional information, please contact Natia Mariamidze at: +995 32 2 243 432 or via e-mail: nmariamidze@gazellefinance.com.

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WASHINGTON WOULD WELCOME ANY FORM OF DE-ESCALATION OF SITUATION AROUND UKRAINE

Washington is ready to welcome any option to de-escalate tensions on the border between Russia and Ukraine, State Department Spokesperson Ned Price has said at a briefing.
“De-escalation can take many forms. We would welcome any of it,” Price said, answering a question in what form Washington imagines the de-escalation of tensions.
In particular, according to him, the start of de-escalation could be considered both the withdrawal of troops from the border with Ukraine and the change in Russian rhetoric on the Ukrainian topic.

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CITIZENS OF UKRAINE RECEIVED BOOSTER DOSE TO GET EXTRA UAH 500

Citizens of Ukraine who received a booster dose of the coronavirus (COVID-19) vaccine will get an additional UAH 500, President of Ukraine Volodymyr Zelensky said in a video statement on Monday evening.
“There is a clear understanding that immunity grows after each subsequent dose of the vaccine, and the ‘boosterization’ strategy has become the unified standard for all developed countries. Boosterization is the third dose of the vaccine, therefore, under the e-Aid program, another UAH 500 will be allocated for those citizens who receive the third dose,” he said.

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PRIME MINISTER OF UKRAINE: NO THREATS TO ECONOMY

Prime Minister of Ukraine Denys Shmyhal says there are currently no threats to the functioning of the national economy, except for disinformation pressure.
“There are no threats to the functioning of the national economy, except for information, especially disinformation pressure. There are no other factors that can destabilize the national economy today,” Shmyhal said after the NSDC meeting on Monday evening.

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LOANS ISSUED BY UKRGASBANK RAISES UP BY 22% IN 2021

The number of loans issued by state-owned Ukrgasbank (Kyiv) increased by 22% in 2021, the bank’s press service reported.
According to the report, the bank’s loan portfolio increased by UAH 7 billion last year.
“In 2021, more than 300 eco-loans worth UAH 2 billion were issued, which ensured a reduction in CO2 emissions by 140,000 tonnes. Among them, about UAH 500 million are sustainable development projects,” Andriy Kravets, the head of the bank’s board of directors, said.
Ukrgasbank was founded in 1993. The state, represented by the Ministry of Finance, owns 94.94% of the shares of the financial institution.
According to the data of the National Bank of Ukraine (NBU), as of October 1, 2021, Ukrgasbank ranked fifth in terms of total assets (UAH 121.19 billion) among 71 banks operating in the country.

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