Business news from Ukraine

Business news from Ukraine

RADA WANTS TO ADOPT BILL ON URBAN PLANNING REFORM

The Verkhovna Rada Committee on the Organization of State Power, Local Self-Government, Regional Development and Urban Planning recommended the parliament to adopt at the second reading bill No. 5655 on reforming the sphere of urban planning, co-author of the bill, head of the coordination council for solving problematic issues in urban planning, MP Olena Shuliak wrote on Facebook.
“For many months, together with all market participants, we have analyzed each of 2,000 edits in detail and publicly, took into account the comments, and heard the recommendations. Even the NACP confirmed after the analysis: No. 5655 takes into account the requirements of the Anti-Corruption Strategy 2021-2025,” she said.
Earlier, Shuliak reported that the bill on urban planning reform could be adopted by the end of 2021.
As reported, on July 1, 2021, the Verkhovna Rada adopted draft law No. 5655 at the first reading.

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ZELENSKY IMPOSED SANCTIONS AGAINST TWO UKRAINIAN TV CHANNELS

Ukrainian President Volodymyr Zelensky has imposed sanctions on two Ukrainian TV channels, namely, Pershyi Nezalezhnyi and UkrLive, the presidential press service said in a statement.
“To endorse the Ukrainian National Security and Defense Council (NSDC) resolution dated December 28, 2021, ‘On special personal economic and other restrictions (sanctions)’,” the presidential order said.
In particular, the president endorsed the NSDC resolution regarding sanctions on Novyny Media Holding, Time Media, and Teleprostir.
The order takes effect on the publishing date.
From now on, Ukrainian officials will be prohibited from issuing any licenses and allowing use of radio frequencies in Ukraine to the sanctioned channels.
Legal entities owning the channels will be prohibited from conducting financial operations in the Ukrainian territory and using accounts in Ukrainian banks.
The sanctions will be valid for five years.

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UKRAINIAN TRANSPORT COMPANIES INCREASE PASSENGER TRAFFIC

Ukrainian transport companies carried almost 2.428 billion passengers in January-November 2021, which is 3.5% more than in the same period in 2020, the State Statistics Service reported.
The passenger turnover of transport companies amounted to 57.4 billion passenger-kilometers in January-November 2021, which is 27.5% more than in 2020.
According to the State Statistics Service, 75 million passengers used railway transport during the specified period (including city train traffic), which is 19.6% more than in January-November 2020, and 999.4 million passengers (0.8% more) used road transport services.
Air transport increased passenger traffic by 92.3%, to 8.7 million people.
In addition, according to the State Statistics Service, over 11 months of 2021, some 364 million passengers used trams (5.8% less versus January-November 2020), 437.2 million (17.7% more) used subway, and 542.8 million (2.7% more) used trolleybuses.
During the specified period, water transport carried 500,000 passengers (51.1% more).
As noted by the State Statistics Service, the figures are given without taking into account the temporarily occupied territory of Crimea, Sevastopol and part of Donetsk and Luhansk regions not controlled by the government.

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TIU CANADA DISMANTLES SOLAR POWER PLANT IN NIKOPOL

TIU Canada (Ekotechnik Nikopol) dismantled the equipment of its solar power plant in Nikopol due to an unresolved conflict with Nikopol Ferroalloy Plant (NFP), according to a material on the Voice of America website.
According to Michael Yurkovich, CEO of TIU Canada, after the solar power plant was disconnected from the power grid in March 2020, followed by its downtime and a number of negative court decisions, the owners of NFP offered to sell the plant to them for a pittance, after which it was decided to dismantle it.
“This situation is not unique for the last two years in this country. The governments of the world, other overseas investors, people in the diaspora must admit that this situation does not only affect TIU – it affects many businesses and is getting worse, and we no longer want to play this game,” he said.
As reported, on March 2, 2020, NFP completely disconnected a 10.5 MW solar power plant from Ekotechnik Nikopol LLC (TIU Canada) from the power grid. TIU Canada noted that NFP took advantage of the fact that the SPP was connected to a substation located on its territory, and explained the need for shutdown by repair work.
TIU Canada has been operating in Ukraine since 2016. The company put into operation a 10.5 MW SPP in Nikopol in January 2018, and an 11 MW SPP in Mykolaiv region in April 2019. In addition, TIU Canada launched a 33 MW SPP in Odesa region. The company’s investments in solar energy, which became the first investor in Ukraine under the Canada-Ukraine Free Trade Area Agreement (CUFTA), amounted to over $65 million.
Nikopol Ferroalloy Plant is controlled by EastOne Group, established in autumn 2007 as a result of restructuring of Interpipe Group, and Privat Group, both based in Dnipro.

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PRIVATBANK PAYS EUR 9 MLN MORE TO VICTIMS OF NAZISM

State PrivatBank (Kyiv) from December 24 began paying the next tranche in the amount of EUR9 million to victims of the Holocaust, in particular to former concentration camp prisoners and survivors of the German occupation, PrivatBank said on Tuesday.
According to the message, funds can be received in cash at any bank branch in cities and regions of Ukraine.
The press service recalled that PrivatBank has been making such payments since 2014 and is the only agent bank authorized by the government of the Federal Republic of Germany to pay compensation to victims of Nazism on the territory of Ukraine within the framework of the Claims Conference company.
On December 18, 2016, the government of Ukraine, referring to the proposal of the NBU and former shareholders of PrivatBank, the largest of which at that time were Ihor Kolomoisky and Hennadiy Boholiubov, decided to nationalize this largest financial institution on the Ukrainian market and injected over UAH 155 billion into its capital.
According to the statistics of the National Bank of Ukraine, as of October 1, 2021, in terms of total assets, PrivatBank was ranked 1st (UAH 550.328 billion) among 71 banks operating in the country.

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OKKO INVESTS UAH 25 MLN IN SOLAR PANELS

The OKKO network in 2021 invested more than UAH 25 million in arranging solar panels at its filling stations, the company’s press service said.
According to its data, thanks to this they were installed at 50 more filling stations of the company, in total there are already 63 such complexes. In particular, in Lviv region – 15, in total in Kyiv region and the capital – 15, in Odesa and Zakarpattia regions – 5 in each.
In 2022, OKKO plans to continue equipping its filling stations with solar panels.
The total design solar capacities of OKKO are currently about 1.4 MW. The volumes of electricity that they are able to generate per year make it possible to save more than 1,000 tonnes of standard fuel from non-renewable sources.
The press service clarifies that the generated electricity is used to cover the filling stations’ own needs in energy resources. In summer months, their capacity is sufficient for a medium-sized filling complex to be able to fully provide itself with its own electricity.
“Our company will continue to actively develop this area. We consider it not only in the context of economic benefits, but also from the point of view of developing alternative sources of energy supply, preserving exhaustible resources, both within the company and in the country as a whole,” Vice President of OKKO for Development and Technical Support Oleksandr Hehedysh said.

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