Business news from Ukraine

Business news from Ukraine

STRUCTURE OF EXPORT OF SERVICES FOR 9 MONTHS OF 2020 (GRAPHICALLY)

Structure of export of services for 9 months of 2020 (graphically).

UKRAINIAN AUTHORITIES PLAN TO LIMIT CORN EXPORT

The Ministry of Economy and grain market participants have agreed on a maximum corn export volume for the 2020/2021 marketing year (MY) in the amount of 24 million tonnes and will amend the annex to the memorandum of understanding between the grain market participants, the ministry said in a statement following a meeting held on January 25.
“Now, according to the regions, the projected corn production is 30.3 million tonnes, which is one of the best corn yields in all years. The Ministry of Economy believes that there are no problems with exporting corn to foreign markets or a probable shortage of this crop in the domestic market,” Economy Minister Ihor Petrashko said.
The report indicates that, if necessary, the parties agreed to revise the approved maximum amount of corn allowed for export, after the publication of official statistics on crop production in 2020.
As reported, the associations of poultry and livestock breeders initiated the restriction of corn exports at the level of 22 million tonnes in 2020/2021 MY in the “grain” memorandum. They argue their proposal to limit exports by the need to guarantee the domestic market 7.5 million tonnes of corn for production of animal feed.
The Ukrainian Grain Association considers the volume of corn exports at the level of 24 million tonnes acceptable for the market participants and corresponding to their forecasts of the harvest of this crop, acting executive director of the association Serhiy Ivaschenko told Interfax-Ukraine. Earlier, the association opposed the restriction of corn exports at the level of 22 million tonnes, since, in its opinion, the real goal of the initiators of the restrictions was to create an artificial surplus in the domestic grain market to reduce prices.
One of the members of the American Chamber of Commerce told Interfax-Ukraine that the association discussed the possibility of limiting corn exports before making a final decision and agreed that there was no urgent need for it, but if such a limitation is introduced, then it should be set at the level of 24 million tonnes, but not 22 million tonnes as suggested by its initiators.

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UKRAINIAN SKYUP TO RECRUITE NEW AIRCREWS

SkyUp (Kyiv) is launching a campaign to recruit new aircrews.
As reported on the airline’s website on Monday, such vacancies are currently open: aircraft commanders, co-pilots and flight attendants.
“Aviation industry is now passing through hard times. However, we understand that this period will not last forever, and therefore we strive to find the best specialists in our team […] However, in current conditions, this process will be long, but we are preparing in advance: in 2021 we start with the selection of talents in order to be ready to restore the airline’s full-fledged work in the future,” SkyUp CEO Dmytro Seroukhov said.
Personnel recruitment is carried out in the SkyUp principal regions: Kyiv, Kharkiv, Zaporizhia, and Lviv.
The company provides its employees with medical insurance, training at a corporate university and the opportunity to attend external trainings, discounts on tour operator’s offers, high-level hotel accommodation and three meals a day on business trips as well as service tickets.
SkyUp LLC was registered in Kyiv in June 2016. The founder is ACS-Ukraine LLC of Tetiana and Yuriy Alba, who also own the JoinUp! tour operator.

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EU TO ALLOCATE EUR 28 MLN TO UKRAINE, BALKANS, CAUCASUS

The European Union has approved a humanitarian budget of EUR 1.4 billion, of which EUR 28 million will be allocated to finance projects to overcome the crisis caused by coronavirus (COVID-19) pandemic and climate change in Ukraine, the Western Balkans and the Caucasus. The relevant information was circulated by the European Commission in Brussels on Tuesday. “As global humanitarian needs worsen further due to the consequences of the coronavirus pandemic and the effects of climate change, the European Commission has adopted its initial annual humanitarian budget of EUR 1.4 billion for 2021. This represents an increase of more than 60% compared with the initial humanitarian budget of EUR 900 million adopted last year,” the commission said in a press release.
In addition, EUR 505 million will be allocated to Africa to support people affected by the long-term Lake Chad Basin crisis, impacting Nigeria, Niger, Cameroon, and Chad; those suffering from food and nutrition crisis, worsened by security incidents and community conflicts, in the Sahel (Burkina Faso, Mali, Mauritania, and Niger); and those displaced by armed conflicts in South Sudan, Central African Republic and Horn Of Africa (Somalia and Ethiopia).
Some EUR 385 million of EU humanitarian funding will be allocated to the needs in the Middle East and Turkey to help those affected by the Syria regional crisis, as well as the extremely severe situation in Yemen. Some EUR 180 million in humanitarian assistance will continue to help the most vulnerable populations in Asia and Latin America. In Latin America, this includes those affected by the crises in Venezuela and Colombia.
“The European Union will also continue to provide help in Asian countries such as Afghanistan, where the conflict has been qualified as one of the deadliest conflicts worldwide, and Bangladesh, which is currently hosting almost one million Rohingya refugees from Myanmar. The EU will also allocate EUR 28 million to fund projects addressing crises in Ukraine, Western Balkans and the Caucasus,” the commission said in the statement.
The rest of the funding, EUR 302 million, will be used for EU humanitarian air services and for unforeseen humanitarian crises or sudden peaks in existing crises.

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UKRAINE AND JORDAN DISCUSS TRADE

Minister of Foreign Affairs of Ukraine Dmytro Kuleba and Deputy Prime Minister, Minister of Foreign Affairs and Expatriate Affairs of the Hashemite Kingdom of Jordan Ayman Al-Safadi discussed the issue of trade development and the role of Ukrainian exports in strengthening food security in Jordan.
According to the website of the Ukrainian Foreign Ministry on Monday, during a telephone conversation with his Jordanian counterpart, Kuleba spoke in favor of the restoration of the meetings of the joint Ukrainian-Jordanian commission on trade and economic cooperation in 2021.
Al-Safadi, in turn, supported the proposal of his Ukrainian counterpart to send a delegation of Jordanian business to Ukraine to get acquainted with the opportunities that our state provides for mutually beneficial trade and investment.
The parties also discussed the attraction of Jordanian students to study at Ukrainian universities, the development of events in the Middle East and North Africa region, further cooperation between Ukraine and Jordan within the international organizations. The ministers also exchanged invitations to carry out bilateral visits after the improvement of the epidemic situation.

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UKRAINE SIGNS CONTRACTS FOR OVER 30 MLN DOSES OF COVID-19 VACCINES

Prime Minister Denys Shmyhal says that Ukraine is currently signing or has already signed contracts for more than 30 million doses of COVID-19 vaccines.

“There will be enough vaccines for everyone this year. Today, we have contracts for more than 30 million vaccines that have actually been signed and are being signed,” Shmyhal said on the air of ICTV channel on Monday evening, January 25.

The prime minister also said that all the queues according to the national vaccination plan will be observed, and the vaccination itself will start in February.

“In the near future, Ukraine will receive one million doses of vaccine. Until the end of January, we expect the amount of COVAX vaccine […] there will be the first delivery of COVAX vaccine in the amount of 200,000 doses or more, in order to start emergency immediate vaccination,” Shmyhal said.

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