Business news from Ukraine

Business news from Ukraine

UKRAINE, EU, RUSSIA HOLD CONSULTATIONS ABOUT GAS TRANSIT TALKS

Ukraine, the European Commission and the Russian Federation held technical consultations in Brussels on Tuesday to prepare for the next round of trilateral talks on gas transit after January 1, 2020.
NJSC Naftogaz Ukrainy said in a press release that during the consultations the parties discussed Ukraine’s progress in the implementation of the norms of the European legislation and the creation of independent gas transmission system operator.
In addition, the signing of an interconnection agreement between the operators of the gas transmission systems of Ukraine and the Russian Federation on standard European conditions was discussed, as well as the methodology of tariff formation for gas transportation, and other issues.
The next round of trilateral gas transit negotiations is expected to take place on October 28.

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UFUTURE AND BOOKCHEF LAUNCH JOINT PROJECT #BESTREAD

UFuture and BookСhef launch a joint publishing project aimed at developing of entrepreneurship in Ukraine. The goal of the partnership is to consolidate entrepreneurial expertise and successful publishing experience. This will allow to select literature according to the needs of Ukrainian business, to optimize translation, publishing, and distribution.
Books on a wide range of topics that will contribute to the development of entrepreneurial competencies, in particular, leadership and management, will be published. These books will provide the latest knowledge on various aspects of entrepreneurship, reveal case studies, stories of companies and biographies of their founders, will encourage for entrepreneurship and enhance its prestige.
“To be successful and competitive in business, to receive investments, to find reliable partners, Ukrainian entrepreneurs need to constantly obtain new knowledge. This is why #bestread will continue the list of our impact investment projects supporting small and medium entrepreneurship in Ukraine,” Vasyl Khmelnytsky, Founder of UFuture, said.
“BookChef is actively developing the non-fiction direction. We implement a large joint project with the MIM Business School where we’ve published bestsellers by Ichak Adizes, Yuval Noah Harari, success stories of companies and products. In 2019, we published the super bestseller, “Big Money. The Principles of the First,” where famous Ukrainian businessmen shared their experience,” Olexander Kirpichov, CEO of BookChef, emphasized.
“#bestread is about the books that are worth the time of entrepreneurs, the most valuable resource of modern business. We are pleased to join the collaboration with UFuture and synchronize with other business initiatives of the company,” Vadym Saveliev, Project Manager of #bestread, said.
Soon, the partners will announce the publishing plans and start working on the first books. During 2015-2019 years, Vasyl Khmelnytsky’s K.Fund has released non-fiction books as part of K.Fund Books project.
ADDITIONAL INFORMATION
UFuture is a holding company of Ukrainian entrepreneur Vasyl Khmelnytsky that integrates his business and impact-investment projects. The company has a diversified portfolio of assets in the fields of real estate, infrastructure, industry, renewable energy, pharmaceuticals, and IT. Currently, UFuture’s assets are estimated at $550 million, and the total capitalization of the businesses it invested in is more than $1 billion. UFuture is a majority shareholder in UDP development company (specializing in large infrastructure projects), Kyiv Sikorsky International Airport (the second international airport in Ukraine by passenger traffic), national operator of outdoor advertising RTM-Ukraine, and a group of IT companies and an ecosystem of tech solutions ITernal. UFuture is a strategic investor in the pharmaceutical company Biopharma and UDP Renewables, renewable energy investment and development company. UFuture is also developing new business projects including UNIT.City innovation parks in Kyiv and Kharkiv, LvivTech.City in Lviv; Bila Tserkva industrial park and a manufacturer of modern electrotechnical systems, Plank Electrotechnic. UFuture supports social projects in the fields of education and economics, including the Kyiv International Economic Forum (KIEF), Lean Institute Ukraine, UNIT School of Business, UNIT Factory innovative IT-schools in Kyiv and Kharkiv, Secondary education institution Novopecherska School, the all-Ukrainian online platform iLearn and others.
BookChef is a publisher of bestsellers by Yuval Noah Harari, Michelle Obama, Cameron Diaz, Bill Clinton, Ichak Adizes, Liu Cixin, and other world-renowned authors. In 3 years, an ambitious startup has grown into a publishing house with a portfolio of 200+ books and a turnover of tens of millions of hryvnias. The publisher develops joint projects with UFuture, the MIM Business School, Oschadbank, Synevo international network of laboratories, and more. It selects books from world charts, recognized bestsellers, and popular novelties by promising authors. We find texts that will be useful for readers, that can be read and re-read many times, thought-provoking and helping to see things at an unusual angle. BookChef — books that shape a personality.

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UKRAINIAN ECONOMY MINISTRY EXPECTS ECONOMIC GROWTH OF 3.7% IN 2020

The Ministry of Economic Development, Trade and Agriculture expects GDP to grow by 3.7% in 2020, Deputy Minister Serhiy Nikolaichuk has said. “Next year, we expect growth to accelerate to 3.7%,” he said during a press briefing.
The minister noted that the updated macroeconomic forecast would be published after it is approved at a government meeting.

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LARGEST GROWTH IN RETAIL TURNOVER IN JAN-SEPT IS RECORDED IN VINNYTSIA, TERNOPIL, KYIV

Retail trade turnover in Ukraine (legal entities and individual entrepreneurs) in January-September 2019 in comparable prices increased by 9.8% compared with January-September 2018, the State Statistics Service has said.
According to the report, in September 2019 compared with the previous month, retail trade turnover decreased by 3.3%, in annual terms grew by 8.6% (September 2019 from September 2018).
The largest growth in retail turnover in January-September 2019 compared to the same period in 2018 was recorded in Vinnytsia (by 17.6%), Ternopil (by 16.9%), Kyiv (by 15.7%) regions and Kyiv (by 14.7%).

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 22/10/19

National bank of Ukraine’s official rates as of 22/10/19

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF OCTOBER 22

Official rates of banking metals from national bank as of Оctober 22

One troy ounce=31.10 grams

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