Business news from Ukraine

Business news from Ukraine

UKRAINE SLIGHTLY EASES REGULATION OF PRICES OF GOODS

The Government of Ukraine has abolished the maximum level of the supply and marketing allowance and the trade margin of 10% for such products of significant social importance as buckwheat, granulated sugar, domestic pasta and butter with a fat content of 72.5%, while retaining the requirement to declare the change of prices.

The corresponding resolution No. 311 of March 18, was published, on the Cabinet of Ministers website on Saturday.

According to it, a 10% margin limit remains for such goods as wheat flour of the highest grade, pasteurized milk with a fat content of 2.5% (in a film), rye-wheat bread and a long loaf, chicken eggs of category C1, poultry (chicken carcass, a quarter of a chicken carcass) and refined sunflower oil. It will be valid until the end of April.

The Decree also clarified that the specified list of products of social importance concerns refined sunflower oil, and not sunflower oil in general, but at the same time, the concept of “poultry” was extended to “a quarter of a chicken carcass”, whereas previously it meant only “chicken carcass”.

In addition, the government has established that these products of significant social importance include domestically produced goods, except for goods labeled as organic products.

Another relief was the option for chains that set uniform prices for products in their stores to declare price changes once for all stores, and not in each one individually.

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SMOG OVER UKRAINIAN CAPITAL IS DUE TO BURNING LANDFILL

Smog over Kyiv on Saturday morning is the result of a burning landfill near Novi Petrivtsi and calm weather, Vadym Denysenko, an adviser to the Minister of Internal Affairs, has said.

“Smog over Kyiv. Why did it appear: 1. The landfill near Novi Petrivtsi is burning down. 2. Windless weather. As soon as the wind appears, the smog will dissipate from the operation of thermal power plants and smoke from fires in the vicinity of Kyiv,” he wrote on Facebook.

Denysenko noted that in the Chornobyl zone, from the point of view of the fire situation, everything is calm.

In turn, Kyiv City State Administration noted that “there is a slight smoke in the capital.”

“This is due to changes in weather conditions, in particular the wind direction. According to experts, the air quality is in line with the standards. But please do not open windows and do not leave the house unnecessarily,” according to a message on the Telegram channel.

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FORMER BRITISH PM DAVID CAMERON CARRIES AID TO UKRAINIAN REFUGEES

Former British Prime Minister David Cameron is carrying donations to Ukrainian refugees in Poland.

“I’m currently driving to Poland with two Chippy Larder [British non-profit food project] colleagues to make our delivery to the Red Cross. It’s going to be a long drive, but I’ll keep you updated along the way,” Cameron wrote on Twitter on Saturday.

MEEST RESTARTS DELIVERY OF PARCELS FROM CHINA TO UKRAINE

The Meest international postal and logistics group with Ukrainian roots, through its subsidiary Meest China, has resumed the purchase and delivery of goods from China to Ukraine.
According to the company’s announcement on Wednesday, delivery to Ukraine of both postal items and commercial cargo is available.
Earlier, Meest resumed international delivery of parcels to the countries of the European Union: Bulgaria, Estonia, Latvia, Lithuania, Germany, Poland, Romania, Slovakia, the Czech Republic and Hungary.
At the same time, the company said on its website that due to the war on the territory of Ukraine [which Russia unleashed with its invasion on February 24] and the introduction of martial law in the country, the delivery time for international shipments to European countries may be extended and will depend on further development situations.

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GLOBAL FINANCIAL SERVICE PAYPAL ADDS OPTION TO RECEIVE MONEY TRANSFERS TO UKRAINIAN PRIVATBANK CARDS

The global financial service PayPal has added the option to receive money transfers to bank cards of the state-owned PrivatBank (Kyiv), the bank’s press service reported on Friday.

According to the report, such a service will work for Ukrainians in Ukraine and abroad.

In addition, during the period of hostilities, the company is temporarily waiving its commission for customers who send funds to or receive funds in Ukrainian PayPal accounts.

“Clients of PrivatBank will be able to transfer funds from a PayPal wallet to Visa and MasterCard credit or debit cards without additional fees,” the bank’s press service said.

According to the statistics of the National Bank of Ukraine, as of January 1, 2022, in terms of total assets, PrivatBank ranked first (UAH 582.851 billion), and Oschadbank ranked second (UAH 249.938 billion) among 71 banks operating in the country.

PRESIDENT OF UKRAINE: STATE MUST GUARANTEE 100% OF DEPOSITS IN BANKS

President of Ukraine Volodymyr Zelensky said that he instructed the National Bank, deputies and officials to find an opportunity to guarantee 100% of deposits of Ukrainians in banks.
“This is a special task for the National Bank of Ukraine, for people’s deputies and our officials. I instructed to find such a legislative opportunity that the state would guarantee 100% of deposits in banks. 100%. Not part, as it is now, as usual, but in full. The entire deposit. In any bank of our state. So that people do not lose money and are not afraid of it under any circumstances. So I am waiting for specifics. A draft decision. And I hope that the Verkhovna Rada will not be slow in providing support. Because Ukrainians need it. Ukraine needs it,” he said in a video message on the night of Thursday.
In addition, according to him, “the Cabinet of Ministers will vote tomorrow for a large-scale reduction in regulations.”
“There were more than 600 permits and licenses for business, and about 20 remain mandatory. Only those that simply cannot be cancelled. Like, for example, the management of radioactive waste,” Zelensky said.
According to him, the government has already prepared a decision to expand the lending program for entrepreneurs on the basis of the Affordable Loans 5-7-9% program.
“Any business will be able to get a loan at 0% during martial law plus one month after the war. Then there will be a minimum rate of 5%. And the total amount of the loan can be up to UAH 60 million. To widen the circle of those businesses that can use our program “, the president said.

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