Business news from Ukraine

Business news from Ukraine

Soccer club Shakhtar complained to European Commission about FIFA

The European Commission has received a complaint from FC Shakhtar Donetsk against the International Football Federation (FIFA) for its decision to allow foreign players to suspend contracts with Ukrainian clubs until the summer of 2023 due to the war, causing $43.6 million in damages to the club.
The FA is demanding compensation.
“We have received a complaint, which we will consider on the basis of our standard procedures,” the European Commission told Interfax-Ukraine on Friday.
The EC did not provide further comment. “We have no further comments,” the EC said.
Earlier, the media reported that the European Commission is not the first instance to which Shakhtar is turning with this demand. The first suit against the federation was filed in the summer of 2022 in the Court of Arbitration for Sport (CAS) in Lausanne, but in January 2023 it was dismissed. The lawsuit claimed that the emergency rules adopted by FIFA derailed the transfer of four foreign players to Shakhtar for EUR50 million.
“We expect the European Commission to understand and appreciate the extraordinary financial pressure that our club is under because of FIFA’s actions, while our country is being devastated by an illegal war,” said club general director Sergei Palkin.

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Ukraine will raise fuel prices – expert

Ukraine plans to raise fuel prices, the former head of the Ukrainian Gas Transmission System Operator Serhiy Makohon said.
“There are plans to increase fuel tariffs. Gasoline – up to 58 UAH, diesel – up to 53 UAH,” Makogon wrote on Facebook on Friday morning.
According to him, this is inevitable due to the need to fill the state budget and reduce currency outflows.
“Right now gasoline/diesel/LPG is 100% imports. Why not allow people and businesses that have HBO on methane to fill up with methane, which costs 25 UAH at the gas stations and does not require currency, because it is produced in Ukraine,” – he said.
According to him, “to do this, the Cabinet of Ministers of Ukraine should simply oblige “Naftogaz” (through the ownership policy as the owner) to open a state network of CNG filling stations.

“OKKO” plans to launch new projects in autumn

OKKO Group (OKKO Group) plans to start practical implementation of an agro-processing plant expansion project and a renewable “green” energy project worth about $120 million and $200 million respectively in western Ukraine in the fall of 2023, CEO Vasyl Danilyak said.
“We have not abandoned the large projects with large investments that we had previously planned. We are continuing them. We want to start a big agro-processing project this fall,” – he said in “Business Dialogue” in Kiev on Thursday, organized by NV Media Holding.
Danylyak specified that in 2021-2022 this agrarian project, which is directly related to the business of the group, had been working with consultants, Ukrainian and international projectors, and it has not yet required investment.
CEO specified that geographically the enterprise is located in Ternopil region, where “OKKO” previously had a huge production site and managed to transform it for this project.
According to him, the renewable “green” energy project was bought from partners at the Ready To Build stage.
“Geographical “stops” for investments we have set ourselves, geographical safety we want to get,” Danilyak explained the choice of western Ukraine for the implementation of these projects.
OKKO Group includes more than 10 diversified businesses in manufacturing, trade, construction, insurance, services and other services. The agricultural business unit “OKKO-Agrotrade” and the concern “Khlibprom” work in the sphere of agriculture. The flagship company of the group is Concern Galnaftogaz, which operates one of the largest petrol filling networks in Ukraine under the brand “OKKO”.
The majority shareholder of the company is Vitaliy Antonov. The European Bank for Reconstruction and Development (EBRD) is among the minority shareholders.

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Rainy weather almost all over Ukraine this weekend

Light rain is expected in most regions of Ukraine on Saturday, April 1, at night in the western regions moderate, and in the Carpathian region in some places significant rain, only in the afternoon on the Left Bank without significant precipitation.
According to Ukrhydrometecenter, the wind is southwest with a transition to southeast, 7-12 m/s, at night in the southeastern part in places gusts of 15-18 m/s. The temperature at night is 1-6° of heat, during the day 9-14°, in the eastern regions at night from 4° of heat to 1° of frost, during the day 3-8° of heat.
April 1, light rain in Kiev. Wind is southwest turning to southeast, 7-12 m/s. The temperature at night is 3-5°C, while during the day it is 12-14°C.
According to the Central Geophysical Observatory of Boris Sreznevsky, in Kiev on April 1, the highest temperature during the entire period of meteorological observations was +20.3 ° C in 2016, the lowest -8.7 ° C in 1931.
On Sunday, April 2, in Ukraine, it is raining, in the Carpathians, wet snow, only in the eastern part, at night and in most western regions without precipitation.
The temperature at night is 4-9°C, in the east and the Carpathians about 0°C; during the day it is 6-11°C, in the south, east of the country and in the Carpathians – up to 15°C. Wind is south-east, turning to the northwest, 7-12 m/s.
In Kiev, April 2, it is raining at times. Wind is south-east, 5-10 m/s. The temperature at night and during the day is 7-9° warm.

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Prime ministers from 3 countries came to Ukraine

Slovak Prime Minister Eduard Heger, Croatian Prime Minister Andrej Plenković and Slovenian Prime Minister Robert Golob have arrived in Kiev, where they will participate in a summit to mark the anniversary of the liberation of Buča. Slovak Prime Minister Heger arrived in Ukraine on Friday and will meet with President Vladimir Zelenski, the Slovakian news agency TASR reported.

Along with Heger, Slovak Defense Minister Jaroslav Nagy arrived in Ukraine. The time and place of the meeting are not disclosed in advance for security reasons.

According to Heger, Zelenski invited him to visit Ukraine in a telephone conversation after Slovakia approved the transfer of MiG-29 fighter jets to Ukraine.

For his part, Nagy is scheduled to meet with his Ukrainian counterpart Alexey Reznikov during the day.

In addition, Croatian Prime Minister Andrej Plenkovic arrived in Kyiv on Friday morning. He is scheduled to meet with Zelensky, Prime Minister Denis Shmygal and Chairman of the Verkhovna Rada Ruslan Stefanchuk. Also with the Croatian prime minister arrived Minister of Veterans Affairs Tomo Medved.

According to the Croatian government’s website, together with Zelenski, Heger, Golob and Moldovan President Maia Sandu, they will take part in a summit on “Bucha – Russian Responsibility for Crimes in Ukraine” in Kiev to mark the anniversary of the liberation of Bucha (Kiev region). A joint press conference will follow.

This is Plenkovic’s second visit to Ukraine since the Russian aggression began on February 24, 2022. Last May, he met with the Ukrainian leadership in Kiev and visited Irpen and Bucha.

The Slovenian newspaper Delo, for its part, reported on the arrival of Slovenian Prime Minister Robert Golob in Kiev on Friday. He also intends to meet with Zelenskyy.

For the Slovenian prime minister, this is his first visit to Ukraine since coming to power. His goal is to reaffirm his support for Ukraine, which has been a victim of Russian aggression since last February.

Golob will also be received by Shmygal and Stefančuk .

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Change in consumer prices in November 2022

Change in consumer prices in November 2022

Source: Open4Business.com.ua and experts.news