Business news from Ukraine

Business news from Ukraine

OWNERS OF UKRAINIAN HOTELS WITH SKI RESORTS TO BE FINED FOR ABSENCE OF COVID DOCUMENTS AMONG TOURISTS

The owners of hotels in ski resorts will be fined for the tourists not having documents confirming their COVID status (vaccination certificate, negative PCR tests or a certificate of recovery), Health Minister Viktor Liashko said.
“If visitors or employees do not have the necessary documents, the owner of the establishment may be held liable under the article ‘Violation of the rules of quarantine of people’ of the Code of Administrative Offenses of Ukraine. It regards a fine from UAH 34,000 to 170,000,” he said at a briefing on Thursday.
Liashko said that at ski resorts “only those people who have been checked for the presence of COVID documents are allowed to provide services.”
“Adult visitors and clients on winter vacations must have proof of vaccination against COVID-19 or testing negative or recovery,” he said.
The Minister noted that after consulting with specialized associations, the Ministry of Health recommends checking COVID documents during check-in at a hotel or when buying a ski pass.
Visitors to the resort are advised to assign a unique mark, such as a sticker, to identify that a person’s documents have already been verified. Also, the mark should indicate who exactly issued it.
“This is necessary to avoid repeated checks of documents and to enable the use of related services: cable cars, street fairs and other services,” he said.

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PRODUCTION OF PELLETS GOES DOWN BY 0.5% IN JAN-OCT

Central Mining and Processing Plant (Kryvy Rih, Dnipropetrovsk region), part of Metinvest Group, in January-October this year, reduced production of commercial pellets, according to recent data, by 0.5% y-o-y, to 1.850 million tonnes.
As the enterprise told Interfax-Ukraine, in October production of pellets amounted to 110,210 tonnes.
Over ten months, Central Mining reduced production of iron ore concentrate by 2.9%, to 3.959 million tonnes, including 433,163 tonnes produced in October.
At the same time, the agency source noted that in recent months, the lag in production this year has been decreasing in comparison with the previous year. So, in particular, the relative level of backlog of production of commercial pellets in nine months of this year was 2.5% y-o-y, and concentrate – 3%.
As Yuriy Ryzhenkov, CEO of Metinvest, recently announced, in 2020 the company received the first high-quality pellets at Central Mining – DRI-class pellets. The next step is Pivnichny (Northern) Mining and Processing Plant.

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PUBLIC PLACEMENT OF UAH 800 MLN BONDS OF KYIV TAKES PLACE ON PFTS FROM DEC 6 TO DEC 8

Public placement of issues of domestic bonds of the Kyiv City Council Series O and N, UAH 400 million each, will be held on the PFTS stock exchange from December 6 to December 8, according to a Friday posting on the official website of the exchange.
According to the report, the organizer of the placement of both series is state-owned Ukreximbank (Kyiv).
Settlements under the concluded agreements will be carried out without observing the delivery versus payment (DVP) principle.
As reported, by Kyiv City Council decision No. 1529/1570 dated June 24 this year, Kyiv plans to attract UAH 1.1 billion by issuing domestic bonds in three issues: UAH 300 million for Series M, UAH 400 million each for series N and O.
According to the document, the interest rate will be determined at the level of the NBU key policy rate as of the start date of the quarterly interest period plus a margin of 1% to 5% per annum based on the results of the competition for the selection of an underwriter. Proceeds from the placement of bonds will go to finance investments in the city’s infrastructure.

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MAXIM SHKIL: THE VICTORY OF “AUTOSTRADA” IN RATING OF CONSCIENTIOUS TAXPAYERS CONFIRMS CORRECTNESS OF OUR PRINCIPLES

The Association of Taxpayers of Ukraine has announced the results of the rating “Honest Taxpayers – 2020”. For the second year in a row, the Avtostrada Group of Companies won in the Road Construction category.

The High Rating Commission assessed, in particular, the completeness and timeliness of taxes and fees payment, compliance with tax discipline, the number of officially employed persons, participation in social programs and charity events, and more.

Avtostrada Group of Companies is one of the largest taxpayers in the road construction sector of Ukraine. The company undergoes an annual audit of financial statements in accordance with international standards, having transparent business conduct and social responsibility as key priorities.

“Transparent business management, audit of financial statements according to international standards, high level of tax burden, full and timely payment of all taxes and fees – these are main company’s principles from the first days of its establishment. And it’s such a pleasure that our approach is praised by independent experts. Paid taxes are an investment in the country’s welfare and a contribution to our future. I’m grateful to the Taxpayers’ Association for the important initiative and organization of the rating!” – Maksym Shkil, the founder of the Avtostrada Group of Companies, commented on the award.

The Association has been determining the nominations for 10 years, and it’s an anniversary rating. The main purpose of the rating is to strengthen the role and authority of the taxpayer and increase the overall culture of tax payment in Ukraine.

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ICELAND SIGNS WITH UKRAINE AGREEMENT ON AIR SERVICES

Ukrainian Foreign Minister Dmytro Kuleba and Icelandic Foreign Minister Þórdís Kolbrún R. Gylfadóttir signed an agreement on air services at the meeting of the OSCE Foreign Ministers Council in Stockholm.
“The agreement creates the possibility of regular direct flights between Ukraine and Iceland,” the press service of the Ukrainian Foreign Ministry said.
The document defines the procedure for regulating international flights between the two countries and the procedure for the designation of airlines, establishes the conditions for granting permits for regular flights, provides for the mutual recognition of crew member certificates, and contains provisions for aviation security.
In addition, the agreement establishes a mechanism for the inspection of airlines to assess their compliance with the standards of the International Civil Aviation Organization.

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UKRAINE DOUBLES SEED EXPORT TO EU

Ukraine exported 1,640 tonnes of seeds to the countries of the European Union in January-October 2021, which is twice the figures for the entire 2020 (820 tonnes) and 5 times more than in 2019 (320 tonnes), according a Thursday posting on the website of the State Service for Food Safety and Consumer Protection.
“Opening the European market for us is a 10-year way. Negotiations on the recognition of domestic seeds as compliant with EU requirements began in 2011 and lasted a very long time. Now, we have every opportunity to benefit from the many years of work of negotiators – dozens of people from business and government,” the authority quoted its head Vladyslava Mahaletska speaking at the online conference Seed Forum 2021.
According to the authority, in January-October 2021, 1,210 tonnes of corn seeds, 330 tonnes of wheat seeds, and 50 tonnes of sunflower seeds and all other crops in total were exported to the EU.
To open the export of seeds from Ukraine and to comply with the phytosanitary requirements of the EU, in 2021 17 areas in Ukraine on a total of 673 hectares were assigned the status of pest-free, to be able to grow seed on them.

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