Business news from Ukraine

Business news from Ukraine

DEFICIT OF UKRAINIAN STATE BUDGET TOTALS UAH 43 BLN IN H1

The state budget in January-June 2021 had a deficit of UAH 43.2 billion, and the general fund deficit was almost UAH 50.2 billion, the State Treasury Service of Ukraine has reported.
According to the data on its website, the state budget deficit in June 2021 amounted to UAH 9.47 billion, including the deficit of the general fund reached UAH 18.4 billion.
As the State Treasury Service said, borrowings in the first six months of 2021 amounted to UAH 264.7 billion, including external – UAH 51.5 billion, while repayments for the specified period reached UAH 231 billion, including on external liabilities – almost UAH 24.7 billion.
According to the State Treasury Service, privatization in January-June of this year brought UAH 1.048 billion, while at the end of the year UAH 12 billion is expected to be received under this item.
In general, state budget receipts in the first half of the year amounted to almost UAH 592 billion, including UAH 505.9 billion in the general fund, and expenditures reached UAH 633.6 billion, including UAH 558.7 billion in the general fund, according to the data of the State Treasury Service.

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STATE SERVICE OF GEOLOGY OF UKRAINE PUT UP FOR AUCTION 5 OIL AND GAS AREAS

The State Service of Geology and Subsoil of Ukraine has put up for electronic auction five hydrocarbon sites with a total starting cost of UAH 207.8 million (excluding the cost of geological documentation), the authority has said.
At the auction on October 20, 2021, in particular, Pivdenno-Rusanivska area (Sumy and Poltava regions) was put up for UAH 92.5 million (hereinafter without VAT), Zhukivska area (Poltava region) – for UAH 5.306 million, the Kitvan area (Ivano-Frankivsk region) – for UAH 1.925 million, Reshetylivska area (Poltava region) – for UAH 2.229 million and Tynivske area for UAH 107.847 million.
As reported, following the results of electronic trading in 2020, the State Service of Geology and Subsoil attracted UAH 826 million of direct revenues to the state budget. In 2021, a plan was announced to receive at least UAH 750 million.

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GAS TRANSMISSION SYSTEM UKRAINE AND EBRD SIGN AGREEMENT ON LOW-CARBON HYDROGEN

The European Bank for Reconstruction and Development (EBRD) and the Gas Transmission System Operator of Ukraine (GTSOU) have signed an agreement to formalise their cooperation on low-carbon hydrogen and to develop hydrogen supply chains.
“I am very pleased that the EBRD and GTSOU are cooperating to support each other’s activities regarding hydrogen. Ukraine relies heavily on fossil fuels across all sectors of its economy and hydrogen can represent a good alternative for decarbonisation, and reduce reliance on fossil fuels. Supporting the green transition of our economies is a key priority for the EBRD,” EBRD Managing Director for Green Economy and Climate Action Harry Boyd-Carpenter said.
CEO of GTSOU Sergiy Makogon said that the challenge of hydrogen therefore is to develop technology to scale up hydrogen use, to create the necessary conditions and infrastructure for its production, transportation and consumption.
“All this requires time, effort and cooperation by all stakeholders. We recognise the role of natural gas as one of the key energy sources and transition fuel on the path to carbon-free economy, which will remain significant for this transition period. As the operator of the gas transmission system, our task is now to prepare our infrastructure for the decarbonised energy markets of the future,” he said.
According to the report, the EBRD recently launched a study on the potential for developing different segments of the hydrogen supply chain across many of the economies where it invests, including Ukraine.

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NUMBER OF CYBER INCIDENTS IN UKRAINE DOWN

The system of cyber protection of state information resources of Ukraine and critical infrastructure facilities at monitoring sites recorded 1.233 million suspicious events from July 14 to July 20, 2021, which is 4% less than in the previous week.
According to the State Service for Special Communication and Information Protection, the overwhelming majority of recorded suspicious events concern attempts to obtain user rights (43%), obtain administrator rights (17%), and violations of corporate security policy (20%).
The system of state bodies’ protected access to the Internet blocked 72,155 different types of attacks, which is 3% less than in the previous week. Of these, 98% are application-level network attacks, and 11 DDoS attacks were also recorded and blocked.
During this period, the Government Computer Emergency Response Team of Ukraine (CERT-UA) registered and processed 1,680 cyber incidents, which is 19% more than in the previous week.
The vast majority of processed incidents belong to the UACOM domain zone (about 99%). The majority of incidents are related to the distribution of malware (46% of the total) and phishing (53%).

14 EU COUNTRIES HAVE ALREADY OPENED FOR UKRAINIAN TOURISTS

Fourteen countries of the European Union allowed entry for Ukrainian tourists as part of easing restrictions previously imposed to counter the spread of the COVID-19 coronavirus infection.
“Country by country, we are returning the full effect of visa-free travel with the EU. Freedom of travel for Ukrainians is among the priorities of the Foreign Ministry,” said Ukrainian Foreign Minister Dmytro Kuleba, the Ukrainian Foreign Ministry said on its Facebook page on Monday.
The Foreign Ministry recalled that recently the EU Council has included Ukraine in the recommended list of third countries, for whose citizens it is proposed to abolish temporary restrictions on non-compulsory travel to the European Union.
“According to the recommendation of the EU Council, European countries began to open up one after another for all types of travel of Ukrainians. In less than two weeks, Denmark, Germany, Belgium, Latvia, Lithuania, Estonia, Finland, Slovakia, Slovenia, the Netherlands, France, Sweden, Spain, Portugal were added to the list. In most countries, you need a certificate of complete vaccination or a fresh negative test for entry,” the Ministry of Foreign Affairs of Ukraine said.
The ministry drew attention to the fact that the specific conditions of entry into each individual country may differ. All details, as well as a list of vaccines approved in the country, can be checked on the interactive map of the Ministry of Foreign Affairs at: http://tripadvisor.mfa.gov.ua. Answers to common questions about traveling abroad in 2021 can be found at: https://cutt.ly/8mOax7X

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UKRAINIAN TRANSPORT COMPANIES INCREASE PASSENGER TRAFFIC IN JAN-JUNE

Ukrainian transport companies carried 1.263 billion passengers in January-June 2021, which is 4.2% more than in January-June 2020, the State Statistics Service has reported.
The passenger turnover of transport enterprises in the specified period amounted to 27.9 billion passenger-kilometers, which is 21.1% less than in January-June last year.
According to the State Statistics Service, 38.9 million passengers used railway transport in January-June 2021 (including city commuter trains), which is 19.6% more than in the same period in 2020, and 524.2 million passengers used road transport (1.8% more).
Air transport reduced passenger traffic by 68.4%, to 3.4 million people.
In addition, according to the State Statistics Service, in January-June 2021, some 189.2 million passengers used trams (5.9% less versus January-June 2020), subway carried 217.5 million people (23.2% more), trolleybuses some 289.6 million people (1.6% more).
During the specified period, water transport carried 0.1 million passengers (a rise of 689%).
As noted by the State Statistics Service, the indicators are given without taking into account the temporarily occupied territory of Crimea, Sevastopol and part of the non-controlled territories of Donetsk and Luhansk regions.

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