Business news from Ukraine

Business news from Ukraine

RETAIL TURNOVER IN UKRAINE BY REGIONS IN JAN-NOV 2021 (UAH MLN)

Retail turnover in Ukraine by regions in Jan-Nov 2021 (UAH mln)

AIRBNB PROVIDES PATIENTS WITH RARE DISEASES LEAVING UKRAINE WITH FREE ACCOMMODATION FOR 1 MONTH

Airbnb provides patients with rare (orphan) diseases leaving Ukraine with free accommodation for a period of one month, the European Organization for Rare Diseases (EURORDIS) reported.
The press release notes that the project is being implemented as part of a partnership with Airbnb, which is running a larger Airbnb.org program to provide housing for 100,000 refugees leaving Ukraine.
EURORDIS will collect information on the situation of migrants with orphan diseases and their short-term housing needs. Based on this information, Airbnb.org, after reviewing the request, will issue a voucher for booking accommodation through its platform.
The European Organization for Rare Diseases EURORDIS brings together almost 1000 patient organizations in 74 countries.
In Ukraine, there are about 2 million people living with rare diseases (such as spinal muscular atrophy).

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RUSLAN STRELETS BECOMES MINISTER OF ECOLOGY OF UKRAINE

The Verkhovna Rada has appointed Ruslan Strelets as the Minister of Environmental Protection and Natural Resources of Ukraine, who has been acting Minister of this department since November 2021.
The corresponding decision at the meeting of the Rada on Thursday was supported by 285 people’s deputies with the minimum required 226 votes, MP Yaroslav Zheleznyak (Voice faction) wrote in his Telegram channel.
Sagittarius before appointment Minister of Ecology of Ukraine, worked in the department as Deputy Minister for Digital Development, Digital Transformation and Digitalization (from July 2020 to November 2021).
Previously, Strelets was Deputy Director of the Department for Waste Management, Environmental Safety and Transition to a Circular Economy of the Ministry of Energy and Environmental Protection of Ukraine.

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US PRESIDENTIAL ADVISER ON SECURITY: US HAS ALREADY IMPOSED MAJOR SANCTIONS AGAINST RUSSIA, NOW YOU NEED TO MONITOR THEIR COMPLIANCE

The US authorities believe that they have already introduced the bulk of the sanctions against the Russian Federation, and now it is necessary to achieve their implementation, Jake Sullivan, US presidential adviser on national security, said on Thursday.
“We believe that we have adopted the main sanctions, and in the coming days we will focus our attention on trying to avoid their action,” Sullivan was quoted by Western media as saying at the Economic Club forum in Washington.
According to him, in the coming two weeks, the US administration will announce measures to identify those who help the Russian Federation to circumvent the sanctions imposed because of the full-scale war unleashed by the Russian Federation against Ukraine and because of the aggression of Russian troops shocking the world.
“I think that in the next one or two weeks we will announce those who contribute to the circumvention of sanctions both in Russia and abroad,” the adviser stressed.

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EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT APPROVED FRAMEWORK PROGRAM FOR EUR2 BILLION AS RESPONSE TO RUSSIAN WAR AGAINST UKRAINE

The European Bank for Reconstruction and Development (EBRD) has approved a framework program of up to EUR2 billion under the EBRD’s Sustainability Package, the bank’s broad strategic approach in response to Russia’s war against Ukraine.
“The framework program will use various types of financial instruments for private clients, sovereigns, municipalities, municipal companies and other state-owned enterprises and financial intermediaries (including state-owned banks) in Ukraine and neighboring countries affected by the influx of Ukrainian refugees,” the message says. bank website on Thursday.
According to him, the Board of Directors made a decision on April 4. He included Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Moldova, Poland, Romania, Slovenia and Slovakia among the affected countries.
Subprojects will be provided at the expense of the usual resources of the bank, including its financing under the guarantees of donors, the report specifies.
The overall goal of the program is to help support service delivery and protect business activity in Ukraine and affected countries, with the ultimate goal of preserving livelihoods, the EBRD said.
“For Ukraine, the framework covers all sectors, with a particular focus on energy security, vital infrastructure, food security and pharmaceutical supply chain support,” the release notes.
In the case of the affected countries, refugee-related issues will be addressed, and will mainly cover areas such as energy security, municipal and national infrastructure, and liquidity through capital markets and financial intermediaries.
“As a result of the war in Ukraine, the market for liquidity and long-term financing is practically closed, and in the affected countries is significantly limited, as both local and international financial institutions tighten risk appetite. provides greater financial security driven by unprecedented adverse market conditions and heightened uncertainty,” the paper concludes.

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NATIONAL BANK OF UKRAINE KEEPS KEY POLICY RATE AT 10%

At a scheduled meeting of the Monetary Policy Committee (MPC), the National Bank of Ukraine (NBU) once again decided to keep the key policy rate at 10%, given the ongoing war in the country unleashed by Russia.
“Under the current conditions, the impact of the key policy rate on the functioning of the money market and the FX market remains limited. With this in mind, the key policy rate will stay flat at 10% until monetary transmission channels are effective again,” the NBU said on its website on Thursday.
As reported, in early March, the National Bank, in the face of Russia’s large-scale armed aggression, kept the refinancing rate at 10% per annum, postponing the decision to revise it until the economic situation normalizes.

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