Business news from Ukraine

Business news from Ukraine

FORMER PRIME MINISTER OF UKRAINE TO PRESENT NEW EDUCATIONAL PROJECT “TRAINING CENTER FOR PUBLIC SERVANTS”

On Tuesday, November 16, at 12.00, the press center of the Interfax-Ukraine news agency will host a press conference entitled “Problem of staff competency of regional officials. Presentation of Training Center for Public Servants of Yuriy Yekhanurov.” Participants include Prime Minister of Ukraine 2005 -2006 Yuriy Yekhanurov; Director of the Merged Territorial Community Association Oleksandr Korinny; Executive Director of the Public Association “Key Persons” Olha Shaverina (8/5a Reitarska Street). The broadcast will be available on the YouTube channel of Interfax-Ukraine. Due to quarantine restrictions the number of places in the press center is limited, the presence of a PCR test or a certificate of vaccination is required.

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UKRAINE INCREASES COAL IMPORTS BY 15%

Ukraine in January-October 2021 increased imports of hard coal and anthracite (heading code 2701) by 14.8% (by 2.064 million tonnes) compared to the same period in 2020, to 16.03 million tonnes. According to the State Customs Service, coal was imported for $1.741 billion, which is 21.6% more than in January-October 2020 ($1.432 billion).Coal was received from the Russian Federation for $1.141 billion (share in imports 65.54%), the United States for $322.306 million (18.51%), Kazakhstan for $195.42 million (11.22%), and other countries for $82.329 million (4.73%). Coal exports by Ukraine in January-October 2021 amounted to 4,982 tonnes for $0.8 million, including to Slovakia for $0.768 million, Hungary for $0.018 million, Bulgaria for $0.007 million, other countries for $0.007 million. For the same period of 2020, exports amounted to 2,255 tonnes for $0.186 million, including to Poland for $0.156 million, Moldova for $0.027 million, and Hungary for $0.004 million.

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UKRAINIAN BANKS’ CASH EXCHANGE RATES ON 15/11/21

Ukrainian banks’ cash exchange rates on 15/11/21

Source: Interfax-Ukraine

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SUSPENSION FROM WORK OF UNVACCINATED CITIZEN FROM COVID TO BE APPEALED IN COURT

Suspension from work due to lack of vaccination against COVID-19 and verification of vaccination certificates in public places will be appealed in the Kyiv District Administrative Court.
According to the press service of the court, the court has registered f lawsuits against the State Space Agency of Ukraine to appeal against orders to dismiss from work. In particular, the plaintiffs ask the court to declare unlawful and cancel the orders by which they were suspended from work, and resume them at work.
In addition, the court opened proceedings on the case seeking to appeal against certain provisions of Resolution No. 1236 dated December 9, 20 on the establishment of quarantine and the introduction of restrictive anti-epidemic measures in order to prevent the spread of acute respiratory disease COVID-19 caused by the SARS-CoV-2 coronavirus in Ukraine.
In particular, the plaintiff, among other things, asks the court to cancel paragraph 18 of the said resolution regarding the granting of the right to employees of the National Police, the National Guard, officials authorized by local authorities to conduct random check of documents, as well as documents confirming vaccination against COVID-19 on the streets, in parks, other public places (catering establishments, entertainment establishments, transport).
As reported, the Cabinet of Ministers of Ukraine instructed the heads of state bodies, heads of enterprises, institutions and organizations to ensure the removal of unvaccinated employees from work from November 8 until they are vaccinated.

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NUMBER OF COVID-19 DISEASES DECREASED IN UKRAINE

The number of newly registered cases of COVID-19 and the number of admissions to “covid” hospitals in Ukraine decreased over the past week amid rising incidence in Europe, Health Minister Viktor Liashko has said.“In Ukraine, we are seeing a 6% decrease in cases of coronavirus disease this week compared to the previous one. Over the past week, the number of admissions to covid hospitals has also decreased by 13%,” he said at a briefing on Monday.Liashko also noted that “for the first time in the past three months, the average daily number of discharges from “covid” hospitals prevails over the number of hospitalized.”“On average, 7% fewer patients are admitted to hospitals than discharged,” he said.Liashko believes that “the stabilization of the level of hospitalizations is the first positive signal that the peak of morbidity has passed and the beginning of unloading the medical system of Ukraine.”At the same time, he stressed the need to further increase the pace of vaccination against COVID-19 and comply with quarantine restrictions.According to Liashko, more than 16 million vaccinations against COVID-19 have been made in Ukraine over the past week. The first dose of the vaccine has already been received by 39.4% of Ukrainians, 28% have completed the course in full.

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FLEXIBLE PACKAGING MANUFACTURER TATRAFAN RECEIVES EUR 3.1 MLN LOAN

Piraeus Bank Ukraine (PBU) has provided a loan of EUR 3.1 million to the Ukrainian producer of flexible packaging Tatrafan LLC (Lutsk), and the European Bank for Reconstruction and Development (EBRD) takes half of the risk on its books under the EBRD Risk Sharing Facility (RSF), according to an EBRD press release.“The European Bank for Reconstruction and Development (EBRD) and Piraeus Bank Ukraine (PBU) are joining forces to support Tatrafan LLC, a Ukrainian producer of flexible packaging. Tatrafan will use the financing to increase its production capacity as well as to cover working-capital and capital-expenditure needs,” the EBRD said in a statement on Monday.Tatrafan is part of a broader group of companies active in the production of plastic packaging in Bulgaria, Finland and the Slovak Republic. At the facilities in Lutsk, it manufactures flexible wrapping films, which are used to produce packaging for food and for fast-moving consumer goods.According to the information on the Tatrafan website, it is a joint venture of Finnish Ab Rani Plast Oy and Slovakian Chemosvit, a.s.In 2020, OOO Tatrafan received UAH 12.35 million of net profit against a small loss a year earlier with a 48.3% reduction in revenue to UAH 324.12 million.Piraeus Bank Ukraine is a subsidiary bank of the Greek Piraeus Group. Early 2020, the EBRD organized a financing package for PBU, which included a loan in local currency of up to the equivalent of $5 million for further lending to small businesses, as well as EUR 10 million of financing under the RDP.According to the National Bank of Ukraine, as of September 1, 2021, Piraeus Bank ranked 38th in terms of total assets (UAH 4.62 billion) among 72 banks operating in the country.The EBRD is a leading institutional investor in Ukraine. To date, the Bank has invested more EUR 15.5 billion in 507 projects across the country.

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