Business news from Ukraine

Business news from Ukraine

Parliament postpones for next session bill on transforming Energoatom into joint stock company

The Verkhovna Rada has postponed consideration of draft law No. 8067 on transforming NNEGC Energoatom into a joint stock company as a whole to the next plenary session, parliamentarian Yaroslav Zheleznyak (Golos faction) said.
“We began to consider #8067 – the transformation of Energoatom into a joint stock company as a whole. Started, but did not finish, as they delayed the amendments,” wrote Zheleznyak in the “Telegram Channel” on Friday.
According to the deputy, the vote for the law will already take place at the next plenary session.
As reported, the Verkhovna Rada on October 19, 2022 supported the first reading of the draft law № 8067 “On Joint Stock Company” National Nuclear Energy Generating Company “Energoatom”.
According to the explanatory note to the document, its goal is to establish the legal, economic and organizational basis for the establishment and operation of the joint stock company “National Atomic Energy Generating Company “Energoatom” by reorganizing (transforming) the state enterprise “NAEK “Energoatom”.
The document defines the procedure of formation and functioning of the joint stock company NAEK Energoatom, 100% of shares of which are owned by the state.
According to the document, the founder of the company is the state in the person of the Cabinet of Ministers of Ukraine, which decides on the establishment of the company and manages the state corporate rights of the JSC.
It is stipulated that the shares acquired by the state as a result of the company’s formation are not subject to privatization.

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Eight species of Omicron covid strain circulate in Ukraine – chief sanitary doctor

Eight varieties of the covid strain “omikron” are currently circulating in Ukraine, a new strain has not yet been identified, Deputy Health Minister and Chief Sanitary Doctor Igor Kuzin said.
“Omicron is circulating mainly in Ukraine, eight of its varieties have been identified. We also monitor the situation with the emergence of a new strain, so far it has not been detected in Ukraine,” he said on the air of the telethon on Friday.
At the same time, commenting on testing for COVID-19, Kuzin noted that in regions where there are hostilities and a large number of airborne alarms, there are fewer tests,” he said.
According to Kuzin, there are currently about 2 million COVID-19 rapid tests in primary care facilities and “that’s an adequate residual.”
At the same time, predicting possible covid restrictions, Kuzin noted that all restrictions have been moved to advisory mode and “that’s the way it’s going to be.”
“Most areas look at the situation themselves and can make their own local decisions. They are mostly advisory. We can talk about applying local restrictive and recommendatory rules,” he said.

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Japan donated $95 million to rebuild Ukraine

The Japanese government has allocated $95 million for government work and reconstruction of Ukraine, the Ministry of Community Development, Territories and Infrastructure said.
The document was signed by Ambassador Extraordinary and Plenipotentiary of Japan to Ukraine Kuninor Matsuda and UNDP Assistant Administrator, Director of UNDP Regional Bureau for Europe and CIS Ivana Zhivkovich with participation of Deputy Prime Minister for Reconstruction of Ukraine Oleksandr Kubrakov.
The funds will be sent to the United Nations Development Program (UNDP) as part of a partnership agreement.
“While the Armed Forces of Ukraine are liberating territories from occupiers, the government is working with international partners to implement ‘survival projects’: restoring transport links to the liberated regions, creating conditions for citizens to return to their homes, maintaining the economy in the regions,” the Ministry of Community, Territory and Infrastructure Development said in a statement.
Ukraine’s aid program focuses on five key areas:
Strengthening the government’s ability to respond to and manage the crisis;
supporting public services so they can continue their work;
rebuilding critical infrastructure so people can return home safely;
Supporting private businesses so they can continue to operate, thereby supporting communities;
Strengthening civil society and social ties.
Earlier, in April 2022, Japan had already allocated $4.5 million for emergency explosive ordnance clearance and debris removal.

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Number of unemployed in Ukraine and job opportunities, Sep 21 – Nov 22

Number of unemployed in Ukraine and job opportunities, Sep 21 – Nov 22

Source: Open4Business.com.ua and experts.news

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Ghana considers an opportunity to create hub for grain exports from Ukraine

Ghana intends to implement new logistics projects to increase and make more predictable the exports of agricultural products from Ukraine, a similar intention previously announced by Nigeria and Senegal.
According to the website of the Ministry of Agrarian Policy and Food of Ukraine on Friday, the deepening of cooperation in agriculture and trade relations was discussed by Ukrainian Minister of Agrarian Policy Nikolay Solsky and Ghanaian Minister of Food and Agriculture Owusa Afriy Akoto.
It is specified that the parties considered the issue of creation of a joint project – a logistics hub for food storage, which will allow to store high-quality grain, promote the predictability of sales and stabilization of world food prices.
The Ministry of Agrarian Policy recalled that the Republic of Ghana was the third country visited by a delegation of the Ministry of Agrarian Policy during its official visit to African countries, each of which expressed its desire to create a logistics hub for the export of Ukrainian grain.

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Asia-Pacific stock indices rise except Japan

Stock indices of most major Asia-Pacific countries are rising on Friday, the exception is the Japanese market.
Japan’s Nikkei 225 index was down 1.2% by 7:32 am KC.
One of the reasons was the 7.4% drop of Fast Retailing stocks. A day earlier Asia’s largest apparel retailer, which owns the Uniqlo brand, released its September-November reporting, which failed to meet analysts’ expectations.
Fast Retailing increased its revenue in the first quarter by 14%, but it was below the forecasts. At the same time, net income fell 9 percent, mainly due to weak performance in China, where strict quarantine restrictions were in effect.
In addition, shares of automakers Mitsubishi Motors Corp. (-4.3%), Mazda Motor Corp. (-4.2%) and Subaru Corp. (-2.6%) became cheaper on Friday.
Meanwhile, financial sector stocks including Mitsubishi UFJ Financial Group Inc. (+3.5%), Chiba Bank Ltd. (+5.2%), Concordia Financial Group (+6.4%), Fukuoka Financial Group Inc. (+6.4%) rose.
China’s Shanghai Composite was up 0.5 percent by 7:37 a.m. ET, Hong Kong’s Hang Seng gained 0.1 percent.
Shares of game developer Netease Inc. surged 2.9 percent on Hong Kong Stock Exchange, oil producers PetroChina Co. and CNOOC gained 2.9 percent and 1.9 percent, respectively, while Chow Tai Fook Jewellery Group gained 3.1 percent and retailer Alibaba rose 0.6 percent.
China’s foreign trade surplus in 2022 increased by 29.7% to a record $877.6 billion, China’s General Administration of Customs reported on Friday. At the same time, exports increased by 7% and imports increased by 1.1%. The growth rates were lower than in 2021, when they were 29.9% and 30.1%, respectively.
Meanwhile, China’s exports fell 9.9% in December and imports fell 7.5%. The decline in both indicators was recorded for the third month in a row.
The value of South Korea’s Kospi was up 0.85% by 7:32 a.m. ET. The index has been rising for the eighth consecutive trading session and is at its highest level in the past month.
Stocks of one of the world’s biggest chip and electronics makers Samsung Electronics Co. rose 0.7%, automaker Hyundai Motor rose 1.5% and steelmaker Posco gained 4.6%.
Australian S&P/ASX 200 index added 0.7% over the day.
Shares of the world’s largest mining companies BHP and Rio Tinto gained 0.5% and 0.9% respectively.
The value of the country’s leading wine producer Treasury Wine Estates Ltd. rose 2.1%.

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