Business news from Ukraine

Business news from Ukraine

KIEV RESUMES FULL-TIME EDUCATION IN SCHOOLS

From next Monday, November 22, full-time education in the capital’s schools will be resumed, mayor of Kyiv Vitali Klitschko has said.
“The Commission for Emergency Situations of the city made a decision to resume full-time education in the capital’s schools from next Monday, November 22. For students of all grades,” the mayor wrote on his Telegram channel on Wednesday.

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36% OF UKRAINIANS NOT READY TO BE VACCINATED AGAINST COVID

Some 36% of Ukrainian citizens are not ready to be vaccinated against COVID-19, those who do not want to be vaccinated are more present among young respondents, according to a study by the Sociological Group Rating conducted on November 10-13. According to the survey, 46% of respondents noted that they have already been vaccinated (first or second vaccination), 16% indicated that they are ready to be vaccinated, while 36% are not ready.It is noted that the survey was conducted only among the adult population of Ukraine, while the official statistics of the number of vaccinated are displayed among the entire population. Over the past month, the number of vaccinations has increased (from 36 to 46%). Relatively more reluctance to get vaccinated is seen among young respondents.At the same time, 55% support compulsory vaccination of representatives of certain spheres (teachers, doctors, government officials), 35% are against it. The ban on visiting public institutions without a COVID certificate or test is supported by almost 40%, against – 53%. Almost 30% support the ban on using public transport, 65% do not.According to the study, 71% of the respondents consider it a violation of their rights to impose restrictions on unvaccinated people, 26% are of the opposite opinion. There are more of the latter in Kyiv present among the oldest respondents and those who have already been vaccinated.At the same time, 49% do not support politicians who have not been vaccinated against COVID-19, 35% of respondents are indifferent to this, and 14% support such figures.Also, 61% of respondents believe that Ukraine is capable of developing its own vaccine against coronavirus, 37% do not.According to the survey data, 40% of respondents believe that no one is to blame for the increase in the incidence of coronavirus. Every fifth (21%) blames people who refused to be vaccinated for the worsening epidemiological situation, 15% blame the Ministry of Health.At the same time, the president and the Cabinet of Ministers are considered guilty by 7-8%, local authorities – 2%. Those who do not want to be vaccinated are more likely to believe in the spontaneous causes of the increase in the incidence. Those vaccinated and those who intend to do so are more often blamed for the growth of the epidemic on those who do not intend to be vaccinated against the coronavirus.The opinion poll was conducted using the CATI method (Computer Assisted Telephone Interviews – telephone interviews using a computer) based on a random sample of mobile phone numbers among the population of Ukraine over 18 years old in all regions, except for the temporarily occupied territories of Crimea and Donbas.The sample is representative in terms of age, gender and type of settlement. Sample population is 2,500 respondents. The error of the representativeness of the study with a confidence level of 0.95: no more than 2%.

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UKRAINIAN NATIONAL FOOTBALL TEAM BEATS BOSNIA AND HERZEGOVINA IN WORLD CUP QUALIFIER

The Ukrainian national football team has beaten Bosnia and Herzegovina 2:0 away in the last qualifying group match, and got the opportunity to play in the playoffs for reaching the final of the World Cup, which will be held in Qatar in November-December 2022.The first goal in the 58th minute was scored by Oleksandr Zinchenko with a pass from Viktor Tsyhankov, the second – in the 79th minute by Artem Dovbyk, who was led one on one with goalkeeper by Mykola Shaparenko.Before the last round, the fate of a path to the playoffs largely depended on the outcome of the Finland-France match, but the home team also lost 0:2, allowing Ukraine to enter the play-offs with 12 points from second place in the group.

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NUMBER OF UNEMPLOYED IN UKRAINE AND JOB OPPORTUNITIES, JULY 20 – SEPT 21

Number of unemployed in Ukraine and job opportunities, July 20 – Sept 21

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ICU LAUNCHES NEW PENSION FUND

ICU Investment Group has taken over the management of the Turbota open non-state pension fund and is positioning it as a 100% foreign currency pension fund, the investment group’s press service said.
“Along with active growth of the number of participants in non-state pension programs, their interest in investing in foreign exchange assets is increasing. This is the strategy we are introducing for the first time on the Ukrainian non-state pension fund market,” Head of Local Asset Management at ICU Hryhoriy Ovcharenko said.
According to the press release, at the initiative of ICU, the composition of the independent supervisory board of the open non-state pension fund was renewed. It was headed by member of the supervisory board of Nova Poshta, former Board Chairman of Pravex Bank Taras Kyrychenko. Apart from Ovcharenko, the fund’s board also includes Board Chairman of the insurance company ARX Andriy Peretiazhko, representatives of the asset management company UpInvest – Head of the UpInvest regulatory requirements department Serhiy Kyrpychov and Head of the administration department Anna Tarasenko, as well as Head of the investment sales department of the asset management company ICU Maryna Petrenko.
The direct management company of the open non-state pension fund will be an asset management company belonging to ICU Group – the administrator of pension funds UpInvest.
Turbota open non-state pension fund began its work in 2009. The founders of the fund are AMC Art-Capital Management LLC and Investment Financial Company Art-Capital LLC.
According to the financial statements, the net asset value of Turbota at the end of September 2021 amounted to UAH 438,000, the volume of pension contributions for nine months – UAH 87,000, payments – UAH 75,000, investment loss – UAH 6,500, and the increase in the net unit value of pension assets – 4.9%.
According to the data on the official website UpInvest, almost 76,000 pension accounts are under its administration, and the total value of assets under management exceeds UAH 556 million. The company estimates its share of the NPF asset management market at 28%.
ICU Group is an independent financial group providing brokerage, asset management and private equity services. The group is also involved in venture capital investments. The geography of ICU interests is emerging markets around the world.

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EGYPT CANCELS IMPORT DUTIES ON SOME PRODUCTS INCLUDING UKRAINE

The Ministry of Trade and Industry of the Arab Republic of Egypt has canceled preventive import duties on steel billets, rebar and aluminum products regardless the country of origin, including from Ukraine.According to an official posting on the website of the Egyptian Ministry, Minister of Trade and Industry Nevin Gamea has issued two orders to terminate resolutions No. 907 of 2019 and No. 168 of 2021, introducing preventive measures against the import of steel billets, rebar and aluminum products.According to this information, these two decisions come into force the next day after their publication in the Egyptian Gazette.As the minister explained, both decisions were made to support the sectors of the economy due to high inflation rates, growth in energy, materials and to meet the production needs of Egyptian companies.In turn, Ibrahim al Seginy, Assistant Minister for Economic Affairs and Head of the Commercial Processing Sector, explained that the sector received a number of complaints from the local industry, as the introduction of preventive duties affected these sectors. At the same time, it was recorded that there was a significant increase in prices for these goods, as well as the lack of a sufficient number of local substitute products to meet the needs of the local market. It also affected the high cost of finished goods, which negatively affects the competitiveness of Egyptian exports.According to the Ministry of Economy of Ukraine, on April 15, 2019, Egypt announced the introduction of temporary protective duties on steel products (for fittings in the amount of 17-25%, semi-finished products made of iron and unalloyed steel – 10-16%, depending on the price).This measure was introduced by Egypt to protect local steel producers from an increase in steel supplies to the country after the closure of the American market (as a result of the US government’s imposition of barrage measures on steel and retaliatory measures from other countries, including the EU). These restrictions were supposed to be valid until April 11, 2022.

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