Business news from Ukraine

Business news from Ukraine

UKRAINE REOPENS BORDERS TO FOREIGNERS STARTING FROM SEPTEMBER 28

Ukraine reopened its borders to international visitors at 00:01 a.m. on September 28, the Ukrainian State Border Guard Service said.
“A decree which also set out restrictions on foreigners’ entry continues to be valid. This is Government Decree No. 641. At the same time, it imposed a ban on foreigners’ entry to the territory of our country precisely from August 28 and until 00:01 a.m. on September 28. Thus, as a matter of fact, this norm that banned foreigners from entering our country ceased to be in effect overnight. From now on, foreigners are allowed to enter our country,” State Border Guard Service spokesman Andriy Demchenko told Interfax-Ukraine on Monday.
Border guards are acting in compliance with the law that regulates passage across the state border of Ukraine, i.e. the law “On Border Control”, and in compliance with the government’s decree on foreign citizens’ exit and entry to Ukraine, he said.
There are currently no separate requirements for foreigners to self-isolate or have travel medical insurance when coming to Ukraine, he said.
“This norm has ceased to be in effect. Therefore, there are presently no separate requirements that the government would have imposed on foreigners who enter Ukraine during the quarantine,” Demchenko said.
As reported earlier, Ukraine banned foreign citizens from entering its territory from 00:01 a.m. on August 28 and until 00:01 a.m. on September 28.

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STRUCTURE OF IMPORT OF SERVICES IN 1st QUARTER OF 2020 (GRAPHICALLY)

Structure of import of services in 1st quarter of 2020 (graphically)

GALPACK BECOMES OWNER OF ROHAN CARDBOARD MILL

A large Ukrainian manufacturer of corrugated cardboard and corrugated packaging, Galpack LLC (Zhydachiv, Lviv region) increased its stake in PJSC Rohan cardboard mill (RKF, Rohan, Kharkiv region) to 86.5325% from 43.266%.
As reported in the information disclosure system of the National Securities and Stock Market Commission, PJSC RKF received the relevant information from the depository on September 23.
According to the National Securities and Stock Market Commission, as of Q2 2020, in addition to Galpack LLC with 43.266% stake, among the major shareholders were Tetiana Chykhladze (19.2988%) and Vitaliy Tereshchenko (Kharkiv Regional Council deputy, Chairman of the board of the mill in 1998-2007) with a package of 26.5411%.
Founded in 1858, the Rohan cardboard mill produces roofing board (for roofing felt production), packaging cardboard (since 2020), as well as roll packaging for food and pharmaceutical industry. The products are almost entirely supplied to the domestic market.
GalPak LLC is a part of UGPS (Ukrainian Green Packaging Solutions) group of companies with a head office in Zhydachiv, which specializes in the production of containers, packaging, corrugated board, laminating, tape, stretch film and components for corrugated packaging.
UGPS has representative offices in Lviv, Kyiv, Uzhgorod, Odesa and Kharkiv, as well as in Radom (Poland).

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 28/09/20

National bank of Ukraine’s official rates as of 28/09/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF SEPTEMBER 28

Official rates of banking metals from national bank as of September 28

One troy ounce=31.10 grams

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EU-UKRAINE SUMMIT TO TAKE PLACE IN BRUSSELS ON OCTOBER 6

The EU-Ukraine Summit will take place in Brussels on October 6.
The corresponding agreement was reached during a telephone conversation between Presidents of the European Council and Ukraine, Charles Michel and Volodymyr Zelensky, Michel said on his Twitter page. “In my call with President of Ukraine Volodymyr Zelensky and I agreed to meet, together with President Von der Leyen in Brussels on 6 October for the 22nd EU-Ukraine summit,” he wrote.
Previously, the summit was scheduled for October 1.

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