Business news from Ukraine

Business news from Ukraine

ZELENSKY INCREASES MINIMUM WAGE FOR MILITARY PERSONNEL

President of Ukraine Volodymyr Zelensky has signed a decree to raise the minimum salary for military personnel and set the task for the Cabinet of Ministers to improve the system of monetary allowances for the military.y.
Decree No. 688/2021 “On additional measures to ensure social guarantees for the military personnel of the Armed Forces of Ukraine” was posted on the website of the President’s Office on Thursday evening.
According to the document, the Cabinet of Ministers must ensure, from 2023, the minimum amount of monetary allowances for the Armed Forces of Ukraine (except for military personnel) at the level of at least two times the minimum wage established by law as of January 1 of the calendar year.
Also, by June 30, 2022, the government must submit to the Verkhovna Rada a bill aimed at improving the system of monetary allowances for military personnel, taking into account the best experience of leading foreign states.

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UKRAINE’S BUDGET GETS UAH 71 BLN

After the imposition of sanctions against smugglers, the budget of Ukraine received UAH 71 billion, Secretary of the National Security and Defense Council (NSDC) of Ukraine Oleksiy Danilov has said.
“The sanctions [for smugglers] are working. Today we can say with confidence that the amount of money that the budget additionally received after the imposition of sanctions is UAH 71 billion. We, no doubt, wanted it to be more, but we draw your attention to the fact that this is just the beginning. We are not going to dwell on this issue,” Danilov said at a briefing following the NSDC meeting on Thursday.

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UKRAINE APPLIES SANCTIONS AGAINST THOSE INVOLVED IN THE BUILDING OF A BRIDGE ACROSS THE KERCH STRAIT

The Ukrainian National Security and Defense Council (NSDC) has imposed at a session on Thursday sanctions against individuals and legal entities involved in the construction and operations of the bridge over the Kerch Strait, NSDC Secretary Oleksiy Danilov said at a briefing following the session.
The NSDC press service said later that those sanctions were imposed on six individuals and 24 legal entities.
Sanctions were also imposed on 18 people involved in the issuance of unlawful court rulings to deprive the Crimea diocese of the Orthodox Church of Ukraine of its property in the temporary occupied territories of the Autonomous Republic of Crimea and the city of Sevastopol, it said.
According to the NSDC, 52 people holding senior positions in Crimea were also sanctioned for doing considerable damage to the national interests and security of the Ukrainian people, the NSDC said.

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MINERS’ WAGES RECIEVE UAH 500 MLN – ENERGY MINISTRY

The state-owned enterprise Ukrvuhillia on December 30 transferred UAH 500 million to state coal mining enterprises to pay wages to miners.
“Energoatom provided Ukrvuhillia with the corresponding funds as an interest-free financial assistance for the uninterrupted supply of coal to thermal generation facilities,” the press service of the Ukrainian Ministry of Energy said.

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DRAGON CAPITAL GETS PERMIT FOR FIRST PHASE OF E40 INDUSTRIAL PARK

Dragon Capital has received permission to build a Class A warehouse complex with an area of 25,700 square meters, which is the first stage of E40 Industrial Park (Kyiv), the press service of the company said.
“We are pleased that obtaining permits for construction work in our country is becoming transparent and efficient. We were amazed when received permission from the State Inspectorate of Architecture and Urban Planning of Ukraine in just one day, submitting all the necessary documents online through the Diia portal. This is an unprecedented reform, which in itself can serve as a powerful signal for new investments in the construction sector,” Investment Director of Dragon Capital Mykhailo Sakun said.
He also expressed confidence that the significant tax incentives for residents of industrial parks, recently adopted at first reading, allow investors to see the prospects for investing in the development of industrial parks in Ukraine and create real incentives for investment in the industrial real estate sector as a whole.
E40 Industrial Park is an industrial park with a total area of 200,000 square meters, located on the 27th kilometer of the Zhytomyr highway, which is part of the European highway E40.
According to the release, E40 Industrial Park covers an area of 49 hectares and consists of nine sites, planned for storage and production facilities that meet international standards for “green” buildings BREEAM. The own management company Dragon Capital Property Management will provide centralized maintenance of infrastructure facilities and security of the park.
Sakun noted that the strategic location of the E40 park on the key international highway, close to the capital and its highly qualified personnel, the infrastructure and services of a professional developer are the key advantages of the project.
“We offer our partners both traditional lease and build-to-suit projects, that is, design and construction for the customer, which greatly simplifies the process of expansion, relocation or entry into Ukraine for industrialists, because we completely deal with all issues related to construction,” he said.
To date, Dragon Capital Property Management manages more than 380,000 sq m of industrial real estate and the company continues to expand its portfolio in this segment, including through development.

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MONTENEGRO RESTRICTS ENTRY FOR UKRAINIAN CITIZENS

From Sunday, January 2, 2022, the updated border crossing conditions will come into force in Montenegro, the Ukrainian Embassy press service said.
“Now entry is allowed with one of two documents, namely confirmation of full vaccination, provided that the second dose of the vaccine was made no later than six months before entry; confirmation of the transferred COVID-19 disease (positive PCR or rapid antigen test, which must be at least ten days and no more than 180 days),” the embassy said on Facebook.
In both cases, it is also necessary to have either a negative PCR test not older than 72 hours, or a rapid antigen test not older than 48 hours.
These conditions are valid until January 12.
Previously, only a negative test was required to enter Montenegro.

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