Business news from Ukraine

Business news from Ukraine

MICROSOFT PLANS TO INVEST OVER $500 MLN INTO DEVELOPMENT OF CLOUD SERVICES IN UKRAINE

The Ministry of Digital Transformation of Ukraine and Microsoft Corporation (the United States) have agreed to cooperate in implementing the Azure Expansion Program in Ukraine, which provides for the creation of hyperscale cloud services.

“Today, the digital economy in Ukraine is developing before your eyes. We are grateful to Microsoft for showing special attention to our market, for choosing our country. One of the priority goals of our ministry is to digitize 100% of public services in two and a half years. And this cannot be done if there is no data center in which this data will be stored in our country. In fact, Microsoft may become the first large-scale project that will help us realize our ambitious goal,” Deputy Prime Minister, Minister of Digital Transformation of Ukraine Mykhailo Fedorov said during a briefing in Kyiv on Friday.

The Azure Expansion Program digital transformation program will facilitate the implementation of cloud-based innovations for various commercial, government agencies and enterprises, as well as the government of Ukraine.

Microsoft also intends to provide technology support to help demonstrate the use of the Azure Cloud.

According to Deputy Head of the Office of the President of Ukraine Yulia Kovaliv, educational programs in Ukraine will also be developed in partnership with Microsoft.

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UKRAINE SINCE BEGINNING OF NEW 2020/2021 MARKETING YEAR EXPORTS 12.2 MLN TONNES OF GRAIN

Ukraine since the beginning of the new 2020/2021 marketing year (MY, July-June) and as of October 2 had exported 12.15 million tonnes of grain and legumes, which is 1.61 million tonnes less (due to corn) than on this date in the past MY.

According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 8.56 million tonnes of wheat, 2.88 million tonnes of barley and 680,000 tonnes of corn (1.39 million tonnes less) have been exported.

As of October 2 of this year, 50,300 tonnes of flour were also exported.

As reported, Ukraine exported a record 57.2 million tonnes of grain, legumes and flour in the 2019/2020 MY, which is 13.5% more than in the previous MY.

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HORSE-TRICK ART FESTIVAL «CENTAURS»

On Oktober, 3 and 4 The Festival of Horse-Trick art «Centaurs» will take place in «The Kyivan Rus Park».
There will be an exciting show program with performances of the best horseback stuntmen of Ukraine with amazing tricks, horse trick riding competitions, and demonstrative performances. And also spectacular shows from Ancient Kyiv theatre, various interactive ancient Slavic funs, horse riding, master-classes, dance flash mobs, museums and expositions, extreme attractions and many more will be waiting for guests these days. In the evening – a bright fiery program with the shooting of fire balls from the Trebuchet.
And all of these in a real, live, medieval city!
The event will be carried out in accordance with the quarantine measures.
Ancient Kyiv opens at 10:00, the program will begin at 13:30.
The ticket price: a full adult ticket – 250 UAH, for pensioners and students – 150 UAH, for schoolchildren – 80 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Details on the website www.parkkyivrus.com
Subscribers can save their money using the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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UKRAINE USES OPPORTUNITIES OF 31 OUT OF 40 QUOTAS FOR DUTY-FREE EXPORT OF AGRO PRODUCTS TO EU

Ukrainian exporters this year will use the opportunities for 31 out of 40 tariff quotas for duty-free supplies of agricultural products to the European Union, as of the end of August, eight tariff quotas have already been fully used, the Development Director of the Ukrainian Horticultural Association, UN FAO International Consultant Yekateryna Zvereva has said.

“In 2020, Ukrainian exporters will take advantage of 31 out of 40 tariff quotas. As of the end of August, eight tariff quotas have already been fully used: honey, barley and flour, processed tomatoes, processed starch, grape and apple juices, corn, malt and starch products, sugar. Tariff quotas are used for cereals (81.2%), eggs and albumin (75%), poultry (73.4%), starch (73.3%), malt and wheat gluten (72.2%), additional quotas for eggs and albumin (60.4%), bran, waste and residues (55.2%), additional quota for poultry (53.1%), oats (45.3%), wheat (40.2%), etc.,” she wrote in a column for the Interfax-Ukraine agency.

According to Zvereva, in 2016-2019 the positive dynamics of development of trade with the European Union, which today is the main trade partner of Ukraine with a share of more than 41% of the total volume of trade in goods, is obvious. Trade in goods with high added value is gradually growing.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 02/10/20

National bank of Ukraine’s official rates as of 02/10/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF OCTOBER 02

Official rates of banking metals from national bank as of October 02

One troy ounce=31.10 grams

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