Business news from Ukraine

Business news from Ukraine

HEAD OF PRESIDENT’S OFFICE: UKRAINE AND RUSSIA OUTLINE CERTAIN DECISIONS AT TALKS, THEY LEAVING FOR CONSULTATIONS

Ukraine and Russia outlined certain decisions during the negotiations, Mykhailo Podoliak, adviser to the head of the President’s Office of Ukraine said.

“The Ukrainian and Russian delegations held the first round of talks today, the main purpose of which was to discuss the issues of a ceasefire on the territory of Ukraine and hostilities. The sides identified a number of priority topics on which certain decisions were outlined,” he said.

“In order for these decisions to get some opportunities for implementation, logistical solutions, the parties leave for consultations in their capitals. The sides discussed the possibility of holding a second round of negotiations in the near future, at which these topics will receive concrete development practice,” he said.

According to Russian presidential aide Vladimir Medinsky, the next meeting “will be held in the coming days on the Polish-Belarusian border, there is a corresponding agreement.”

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AIRBNB BOOKING SERVICE TO PROVIDE FREE HOUSING FOR 100,000 UKRAINIANS

Airbnb accommodation booking service will finance housing for 100,000 Ukrainian refugees, Deputy Prime Minister and Minister of Digital Transformation Mykhailo Fedorov has said.

“Airbnb co-founder and CEO Brian Chesky said on Twitter that the company will finance housing for people displaced from Ukraine,” Fedorov wrote on his Facebook on Monday.

So, on his Twitter, Brian Chesky wrote: “Airbnb and Airbnb.org are working with our Hosts to house up to 100,000 refugees fleeing from Ukraine, for free.”

He stressed that housing is primarily needed in Poland, Germany, Hungary and Romania.

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PRESIDENT OF UKRAINE SIGNS APPLICATION FOR MEMBERSHIP IN EU

President of Ukraine Volodymyr Zelensky has signed an application for Ukraine’s membership in the European Union, Deputy Head of the President’s Office Andriy Sybiha said.

“President of Ukraine Zelensky has signed a historic document – an application for Ukraine’s membership in the European Union,” he said on Facebook.

A joint statement was signed with Chairman of the Verkhovna Rada Ruslan Stefanchuk and Prime Minister Denys Shmyhal.

“Documents are on their way to Brussels! Congratulations, Ukraine, congratulations to all of us! History is being made now!” Sybiha added.

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ENERGOATOM CALLS FOR FULFILLMENT OF OBLIGATIONS UNDER CONTRACTS

National Nuclear Generating Company Energoatom (NNGC) urged participants in the electricity market to fulfill their obligations under contracts for its purchase and sale.
“It is important to continue to fulfill obligations under electricity purchase and sale agreements and take a prudent approach to intentions to declare force majeure circumstances when they are fulfilled. We must be united like never before and support each other in this difficult time,” the NNGC said in a statement.
Energoatom is the operator of all four operating nuclear power plants in Ukraine. It operates 15 power units equipped with water-cooled power reactors with a total installed electrical capacity of 13,835 GW.

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NATIONAL BANK PROVIDES UAH 19 BLN TO STATE BUDGET

On February 24, 2022, the National Bank of Ukraine (NBU) transferred part of the profit before distribution in the amount of UAH 19 billion to the state budget of Ukraine to financially support the functioning of the state under martial law, according to the website of the central bank.
“The National Bank promptly transferred part of the profit before distribution at the end of 2021 to the state budget of Ukraine. This amount is UAH 19 billion. This is a step that our state, its Armed Forces and every Ukrainian needs,” Governor of the NBU Kyrylo Shevchenko said.
The decision to transfer part of the profits was made by the Board of the National Bank of Ukraine on February 24, 2022.
As reported, the National Bank opened a special multi-currency account to raise funds for the needs of the Ukrainian army in connection with the introduction of martial law in Ukraine, the armed aggression of the Russian Federation and the danger to the state independence of Ukraine, its territorial integrity.

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TOUR OPERATORS SALES GOES DOWN BY 20-40% IN UKRAINE

Travel companies saw sales of vacation packages to destinations in Russia and abroad tumble 20-40% on the first day of Russia’s military operation in Ukraine, Russian tour operators association ATOR reported on Friday.
Tourists are also asking about the conditions for cancelling trips, but so far few have actually done so, ATOR said.
“Sales of tour packages are lagging behind the average figures last week by 20-40%. The figures vary depending on the company. A large portion of the drop in sales was for tours in Russia – at some companies in this segment it is as much as 40%. Tour operators believe that this is probably a short-term phenomenon that has more to do with the confusion with tourists’ departures from regions in southern Russia,” ATOR said.
The steepest drop has been in sales of trips in the next few weeks in March. Early bookings for summer holidays at resorts in Krasnodar Territory and Crimea declined far less, by only 10-20%, ATOR said.
“Tourists, as we see, believe that the crisis will be resolved by the end of spring. The drop in this segment is smaller than for earlier dates,” the association said.
Sales of vacations abroad also saw a smaller decline, of 15-20%, and also primarily for the coming weeks.
“Some tourists who planned to buy tours for upcoming dates prefer to hold off on booking. But requests continue to come in for the summer, including quite expensive ones. The decline here is not very noticeable. As always, it is the luxury segment that is the most stable,” ATOR said.
Travel agencies and tour operators said they are getting many questions from tourists about the possible size of penalties for trip cancellations, but there are few actual cancellations so far, partly because cancellation terms for upcoming dates usually stipulate penalties. There are also tourists asking about possible travel discounts being offered in connection with the crisis.

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