Business news from Ukraine

Business news from Ukraine

ITALY OPENS ENTRY FOR UKRAINIANS

The Italian government has opened entry for Ukrainians for all types of travel since July 31, according to the Ministry of Foreign Affairs of Ukraine.
“In accordance with the order of the Italian Ministry of Health dated July 29 on the updated norms for crossing the border with Italy, in connection with the COVID-19 pandemic, Ukraine has been included in the list of countries of category D since July 31, which provides for the possibility of visiting the territory of the Italian Republic for any purpose, including tourism,” a message on the website of the interactive map of the Ministry of Foreign Affairs of Ukraine tripadvisor.mfa.gov.ua reads.
It is indicated that at the same time, those wishing to visit Italy should take into account the basic mandatory requirements.
In particular, the presence of a certificate of a negative result of molecular or antigenic testing for COVID-19 (the test was done at least 72 hours before arrival). The online Passenger Locator Form must also be completed, which is available at https://app.euplf.eu/.
Upon arrival in Italy, citizens must self-isolate for five days, after which they must retest for COVID-19, which must confirm a negative result.
“Self-isolation is not required if a citizen has a negative molecular or antigen test for COVID-19, and has provided the carrier or any other authorized person with the corresponding Green Pass European-standard certificate of completion of the full course of vaccination with one of the approved by the European Agency on medicinal products with the following vaccines Pfizer, Johnson and Johnson, Moderna, AstraZeneca (a green passport is always provided with a negative test result),” the message explains.
In the absence of the above certificates, citizens can enter Italy, but they must self-isolate within five days, activating local health surveillance procedures, informing the local health authorities; pass the test after completing the established self-isolation.
Children under six are always exempt from the test requirement, but must still self-isolate if necessary.
The above provisions are valid until October 25, 2021.
In addition, the Foreign Ministry of Ukraine recalled that, in addition to the above rules, the rules for the need to confirm the purpose of the trip, the place of stay, the availability of the necessary funds, the date of departure from Italy, etc., remain in force, which can be verified by the officers of the border police of Italy when entering the country. The final decision on permission to enter/refusal of entry is always made by the Italian border police (Polizia di Frontiera), the Foreign Ministry stressed.

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POLISH ORLEN HAS PLAN TO ENTER UKRAINIAN MARKET OF OIL PRODUCTS

The Polish oil concern Orlen has an actual plan to enter the Ukrainian market of oil products, Energy Minister of Ukraine Herman Haluschenko has said.
“They visited [Ukraine] recently. Unfortunately, I could not meet with them. But I know from my colleagues that they came up with a real plan to enter the Ukrainian market. This is great!” Haluschenko said in an exclusive interview with Interfax-Ukraine.
According to him, the concern is considering the possibility of buying out the networks and entering several segments, in particular, oil refining and petrochemicals.
At the same time, the minister suggested that in this process, some problems may arise, related, in particular, to the shortage of crude oil made in Ukraine.
“They [Orlen] also understand that oil in Ukraine is not a subject of production. We have to get it somewhere… At most, we can buy oil instead of oil products, but what is the point then? And will there be investments in Ukraine if nearby Mazeikiai oil refinery in Lithuania, part of Orlen, and several other refineries are located?” the minister said.
Regarding the state policy on the oil products market as a whole, in his opinion, it consists in the need to change the geography of imports and to carry out import substitution.
“Today, we have a huge percentage of imports – 80% and even more: Russia and Belarus. This is not a completely normal story. Therefore, it is very important to look at partners from other countries and at how much we ourselves can increase refining,” the head Ministry of Energy said.
At the same time, he said that to increase internal processing, it is important to avoid another problem – the transition from an external monopolist to an internal one, which could become the Kremenchuk refinery.
“In fact, our key one is Kremenchuk [Refinery]. By the way, they declare the possibility of increasing processing capacity at least twice. And this [the transition from one monopolist – Russia – to another] can also potentially become a problem,” Haluschenko said.
According to him, to avoid monopoly on the part of anyone, it is necessary to promote increased competition in the market, and the ministry is ready for any steps that will help investors enter the Ukrainian market as soon as possible.
“Where we do not have our own production, we must very carefully build a policy of balance sheets and ensure supplies from different directions. There must be diversification,” the minister said, expressing his conviction and adding that communications are underway with many companies in the oil and gas industry.
At the same time, he said that the creation of minimum reserves of petroleum products will make it possible to balance in the market in case of contingencies.

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UKRAINE’S STATE DEBT IN DOLLARS UP

The total public debt of Ukraine in July 2021 increased by 0.48% in U.S. dollars and amounted to $ 92.96 billion, while it decreased by 0.6% in hryvnias, to UAH 2.499 trillion, according to data on the website of the Ministry of Finance.
According to them, the direct national debt in July this year in dollar terms increased by 0.59%, to $ 82.35 billion, in hryvnias – decreased by 0.48%, to UAH 2.214 trillion. External direct debt in the past month in dollars increased by 1.1%, to $ 45.52 billion (in hryvnias – by 0.03%, to UAH 1.224 trillion).
The state-guaranteed debt in July in dollar terms decreased by 0.37%, to $ 10.61 billion, in hryvnias – by 1.47%, to UAH 285.29 billion, according to the ministry’s data.
Since the beginning of 2021, the total national debt of Ukraine has grown by 2.99% in dollar terms and by 16.7% in hryvnias.
According to the Ministry of Finance, the share of liabilities in dollars in the total structure of the state debt in July increased to 36.83%, in hryvnia – to 36.61%, but the share in SDR decreased to 12.99%, in euros – to 12.99%. At the same time, the share of liabilities in yen remained at the level of 0.58%.
The official hryvnia to dollar exchange rate, at which the Ministry of Finance calculates the debt, strengthened to UAH 26.89/$1 in July compared to UAH 27.18/$1 in June.

UKRAINE’S OFFICIAL SITE CAN BE READ IN CHINESE

Now the official website of Ukraine has become available in Chinese, Ukrainian Foreign Minister Dmytro Kuleba said.
“Today we launched the sixth language version of the official website of Ukraine, Chinese: https://ukraine.ua/zh/. More than 1.5 billion people speak Chinese in the world, it is one of the official languages ​​of the UN. Promotion of a positive image of Ukraine in the world is the priority of the Foreign Policy Strategy,” Kuleba said on Twitter.
The official website of Ukraine is already available in English, German, French, Spanish and Arabic.

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SWIMMER FROM UKRAINE TRUSOV WINS SECOND ‘GOLD’ AT 2020 PARALYMPICS

Ukrainian swimmer Andriy Trusov has won another gold medal at the 2020 Paralympics in Tokyo.
“Andriy Trusov won the S7 men’s 50 meters freestyle,” the Paralympics said on Twitter.
The third place was taken, also by Ukrainian swimmer Yevhen Bohodaiko.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 31/08/21

National bank of Ukraine’s official rates as of 31/08/21

Source: National Bank of Ukraine