Business news from Ukraine

Business news from Ukraine

UKRAINE PLANS PRIVATIZATION OF STATE BANKS

The Cabinet of Ministers at a meeting on September 2 updated the principles of strategic reform of state-owned banks, which envisage reducing the state’s share in the banking sector from 60% to 25% by 2025 through partial or full privatization of each of the four state-owned banks.

According to the text of the corresponding document, posted on the website of the Ministry of Finance, the state plans to find a minority investor for Ukeximbank with potential privatization in the long term.

In addition, the Cabinet of Ministers kept plans for the state’s withdrawal from PrivatBank’s capital in the future, as well as for converting a loan from the International Finance Corporation (IFC) of the World Bank into additional capital of Ukrgasbank. In particular, it is planned that an agreement between the IFC and Ukrgasbank will be concluded by October 2020.

The principals of strategic reform of state banks also indicate that at the moment the state is creating all the necessary prerequisites to ensure the entry of international financial organizations into the capital of Oschadbank by the end of 2020, in particular in October 2020 the latter is planned to enter the Deposit Guarantee Fund.

According to the government’s expectations, the participation of international financial organizations in the capital of Oschadbank will lead to a major or full privatization of the bank by the end of 2025.

The corresponding document also specifies that preparations for the state’s withdrawal from the capital of the banks will begin after the end of the “coronavirus crisis” and the achievement of a stable economic recovery (GDP growth over two quarters), but no later than December 2021.

VEGETARIANS SHOULD BE CAREFUL WHEN BUYING SEASONAL FRUIT AND VEGETABLES – EXPERT

Many people, who have become vegetarians, risk gaining negative experience of eating poor quality seasonal fruit and vegetables, says nutrition expert Veronika Vero, who is also an author of health improvement programs.
“In my practice, I often noticed the presence of nitrates in seasonal fruit. Since vegetarians often have an increased sensitivity to tastes, such people may have a stronger reaction to nitrate-containing food than ‘omnivorous’ people,” Veronika said.
According to the expert, after long body purification, consumption of any contaminated food may cause at least an allergic reaction or even a serious poisoning. This is connected with changes in vegetarian’s metabolic processes.
“The body of a person consuming both animal and plant food can accumulate toxins for years, but finally this may cause liver cirrhosis or another serious disease. As to vegetarians, their bodies response immediately as they do not accumulate toxins,” Vero said in a program on healthy nutrition on the Expert Club YouTube channel.
She said people, who decided to become vegetarians, first of all should focus on self-improvement and self-education, because learning healthy nutrition programs is one of the most important tasks of a person, who decided to refuse from eating meat.
Veronika Vero, a vegetarian and healthy nutrition expert, spent more than eight years of training at a research and development center. She is the author of several programs, seminars, as well as physical, mental and energy retreats.
The full video is available on the Expert Club YouTube channel.

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COST VALUE IS A PRIORITY IN FOOD PRODUCTION PROCESS – SCIENTIST

Doctor of Biological Sciences Sviatoslav Morozov, who is also a healthy nutrition expert, says food producers first of all aspire to reduce their products’ cost value and often ignore the harm they may cause to consumers’ health. Otherwise, they will be simply unable to withstand the market competition.
“Speaking about monotonous diet for farm animals and various chemical additives, they are used not to poison consumers. Nobody pursues such a goal. The task is different – to cut the cost value and make products with a very long shelf life,” Morozov said.
In a commentary to the Expert Club YouTube channel, the scientist also noted that these rules are used for all categories of food, including meat, dairy and vegetarian products.
“The problem of chemical additives and foreign substances, which could get into food in the process of animal or plant breeding as well as during their processing, is very topical today. For example, natural wine from the wood can be stored for only three days, after which yeast appears in it. It can be stored for a very long time only due to chemical additives,” the biologist said.
According to Morozov, in order to make sure that the food is clean, one should know the brands which are certified to make products without harmful additives. Today, this can be easily done through the Internet.
The full video is available on the Expert Club YouTube channel.

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IRAQI DEFENSE MINISTER VISITS UKRAINE

Defense Ministers of Ukraine and Iraq, Andriy Taran and Juma Inad Saadoun Al-Juburi, in Kyiv signed a Memorandum of Understanding in the field of military cooperation between the defense departments of the two countries.

“The signing of the Memorandum will provide an opportunity to continue mutually beneficial cooperation between the defense ministries of the two countries, strengthen partnerships and ensure the implementation of projects in areas that are of mutually beneficial interest,” the press service of the Ministry of Defense of Ukraine said.

As noted, on September 3, a delegation of the Iraqi Defense Ministry paid an official visit to Ukraine. This is the first visit of the head of the Iraqi Defense Ministry to Ukraine.

The defense ministers of Ukraine and Iraq held bilateral talks. The parties “emphasized the significant potential of partnership regarding the exchange of experience in the conduct of hostilities, cooperation in the area of military education.”

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UKRAINIAN NATIONAL FOOTBALL TEAM BEATS SWITZERLAND

The Ukrainian national football team has beaten Switzerland with a score of 2:1 in the first match of group four of the elite division A of the UEFA Nations League.
In the 14th minute, Andriy Yarmolenko opened the scoring in the match in Lviv. In the 41st minute, Haris Seferovic equalized the score. In the 68th minute, Oleksandr Zinchenko brought victory to Ukraine.
In another match of this group, Germany and Spain tied the game with 1:1 score.

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