Business news from Ukraine

Business news from Ukraine

Verkhovna Rada plans to allow forced seizure of property during war

The Verkhovna Rada intends to allow the forced seizure of property during the war.
The relevant bill No. 7605 “On Amendments to Certain Laws Regarding the Optimization of Certain Issues of Forcible Expropriation and Seizure of Property under the Legal Regime of Martial Law” was supported by the people’s deputies in the first reading (256 votes in favor) at the plenary session on Friday, MP Yaroslav Zheleznyak said (fraction “Voice”) in Telegram.
The bill proposes to allow the forcible seizure of equipment that can be used for the purposes of the military-industrial complex. Such actions are carried out on the basis of a decision of the National Security and Defense Council of Ukraine on a proposal agreed with the regional military administration.
The document provides that compensation for the alienated property is carried out at the expense of the state budget (within 5 subsequent budget periods).
According to the bill, movable and immovable property can be transferred to the management of the National Agency for the Detection, Search and Management of Assets Obtained from Corruption and Other Crimes (ARMA).

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Quotes of interbank currency market of Ukraine (UAH for 1 PLN, IN 01.06.2022-30.06.2022)

Quotes of interbank currency market of Ukraine (UAH for 1 PLN, IN 01.06.2022-30.06.2022)

Ukrzaliznytsia changes schedule of two international trains

From August 15-16, JSC Ukrzaliznytsia speeds up two international trains and changes their departure time.
As noted in a message on the telegram channel UZ on the evening of July 28, from August 15, train No. 67 Kyiv-Warsaw will depart from Kyiv at 17:27 (instead of 18:23) and arrive in Warsaw at 10:04 (instead of 11:33) .
In addition, taking into account the growth in demand for this direction, Ukrzaliznytsia will add two more cars to the train from August 7 – ticket sales for them began on July 29.
Also from August 16, train No. 24 Helm-Kyiv will depart from Chelm at 16:46 (instead of 16:05) and arrive in Kyiv according to the preliminary schedule at 07:29.

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Internal and external debt of Ukraine in 2009-2022

Internal and external debt of Ukraine in 2009-2022

SSC of Ukraine

World’s largest importer of vegetable oils India expects to resume imports of sunflower oil from Ukraine

India, the world’s largest importer of edible vegetable oils, expects to receive the first batches of sunflower oil from Ukraine from September after a five-month break caused by the Russian invasion and the blockade of Ukrainian seaports.
According to Bloomberg’s website, citing Indian agricultural trader Sandip Bajoria, India may receive 50-60 thousand tons of sunflower oil in September, as Ukraine is going to open some corridors of the Black Sea for the export of agricultural products from the ports of Odessa and Chernomorsk.
“We have begun to receive offers for August deliveries, but everything will depend on the availability of ships. Ukraine has sufficient reserves of oilseeds for processing,” the trader is quoted as saying.
Sunflower oil imports to India from Ukraine have been suspended since April as the Russian invasion disrupted the country’s trade, he said.
“The Indian government’s decision to allow duty-free imports of 2 million tons of sunflower oil annually this fiscal year and next will support demand. India purchased 1.89 million tons of crude sunflower oil in the year ending October, with Ukraine supplying almost 74%, and Argentina and Russia – about 12%,” the publication clarified in the message.
As reported with reference to the Deputy Minister of Economy – Trade Representative of Ukraine Taras Kachka, in the 2021/2022 marketing year (MY, July-June), the country exported 61.52 million tons of grain and oilseeds worth $22.2 billion.
During this period, foreign markets were supplied, including 4.3 million tons of sunflower oil worth $5.8 billion, 3.4 million tons of sunflower meal worth $960 million, 421 thousand tons of soybean meal worth $230 million, 1.1 million tons of soybeans for $641 million, 2.7 million tons of rapeseed for $1.7 billion and 1.09 million tons of sunflower for $616 million.

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JYSK opens one more store in Ukraine

On Thursday, July 28, a chain of furniture and household goods stores JYSK opened a store in the Maidan shopping center in Chervonohrad (Lviv region), the retailer’s press service told Interfax-Ukraine.
The press service said that JYSK occupied a space for a store with an area of 982 square meters in the Maidan shopping center and the storage space of 282 square meters.
“We at JYSK believe that by continuing to develop business under martial law, the company contributes to the economy of Ukraine and its future victory. Since the beginning of the war, each opening of a new JYSK store or the resumption of a damaged JYSK store has been accompanied by charity events. This time we would like to draw public attention to the importance of full psychological and metal rehabilitation of our wounded defenders,” JYSK Country Manager in Ukraine Yevhen Ivanitsa said.
The retailer will hold a charity event together with the NGO Space of Opportunities starts a charity event. All customers of the network can take part in it by purchasing patriotic stickers. All proceeds will be transferred to the rehabilitation of the defenders of Ukraine.
According to the press service, the previous charity activity in the sale of patriotic stickers made it possible to collect more than UAH 230,000 in a week.

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