The Cabinet of Ministers of Ukraine has allocated 33.3 million UAH to finance the micro grants program “Own Business”.
“Owing to the funds allocated today, about 150 people will receive micro grants to start or expand their own business. Hundreds of new working places will be created. This is very important for the recovery and development of the economy and for overcoming the problem of unemployment in the country”, – the government press service quotes the first vice prime minister – Minister of Economy Yulia Sviridenko.
It is noted that as of November 4, 14.6 thousand grant applications on four grant programs of the project “eRabota. There have already been 2 131 positive decisions totaling 1.8 billion UAH. In particular, 1 911 positive decisions were made under the program “Own Business”; 167 – under the program “Recycling”; 53 – under the programs “Garden/Greenhouse”.
“Because of the war, many Ukrainians forgot to bring with them or lost these documents after enemy shelling. That is why it is important to digitalize education documents. This way they will always be with you in your smartphone,” the agency said in the “Telegram channel”.
According to the message, in the app will be available documents of basic secondary education, complete general secondary education, vocational (vocational-technical) education, vocational higher education and higher education (scientific degree).
“The government has already supported the relevant decree. Our team together with the Ministry of education and the State tax service begins to work on the development,” – wrote the Deputy Prime Minister – Minister of digital transformation of Ukraine Mikhail Fedorov in his “Telegram channel”.
Yuzhny Mining and Processing Integrated Works (YuGOC, Dnipropetrovsk Region) will resume production on November 7 after a slowdown since July 1 this year.
According to the official information of the plant, the operational business plan for the current month will be 173 thousand tons of iron ore concentrate. Commodity products will be sent to steelmakers Kametstal and Zaporizhstal.
At the same time, it is specified that the planned production volume is distributed between the two ore-dressing plants (ROF) of the plant, which will work around the clock. A total of four processing sections will start operating.
The production process also begins in the open pit of Yugokhta, where 398 thousand tons of yellow ore will be extracted and sent for processing. Transportation of raw materials will be performed by railway transport.
Production also starts with a reduced load in the department of railway transport, crushing and transporting complex, slurry systems shop. Personnel of subdivisions will come out of downtime partially, depending on the need. Auxiliary shops will also be operating.
According to the press release, the November 2022 production plan is 13.4% lower than the same period last year. The reason for the decrease in volumes is a number of objective factors. First and foremost, it is the impossibility of shipping commercial goods by sea from Odessa ports. Electricity shortage, which emerged since early October, has also contributed to production decrease.
As previously reported, since July 1, 2022 Yuzhnoye Mining and Processing Plant has been on forced downtime. The stoppage of production was caused by Russia’s military aggression in Ukraine. In particular, due to the blockage of Odessa sea ports, YGOK lost the ability to send commodity products to consumers in Asia and North Africa.
As reported, in 2021, Yuzhny GOK increased the production of iron ore concentrate by 6.1% compared to 2020 – up to 13 million 581.8 thousand tons.
Yuzhny GOK is one of the main producers of iron ore raw materials – concentrate in Ukraine. It is engaged in mining and enrichment of poor ferruginous quartzite to produce iron ore concentrate.
The raw material base of the plant are quartzites from the Skolevatskoe deposit, located in the central part of the Krivoy Rog iron-ore basin.
YGOK at the beginning of the war was controlled by Metinvest Group and Lanebrook Ltd. (formerly the majority shareholder of Evraz Group, withdrew from the group in 2018), which acquired a 50% stake in YGOK from Privat Group (Dnipro) in late 2007.
The Cabinet of Ministers offers the Verkhovna Rada to ratify the framework agreement between the governments of Ukraine and Austria on economic cooperation in the development of projects.
As the representative of the Cabinet of Ministers in the Verkhovna Rada Taras Melnychuk said in Telegram on Friday, the corresponding decision was made at a government meeting on Friday.
Approved, in particular, the draft law “On the ratification of the framework agreement between the government of Ukraine and the government of the Republic of Austria on economic cooperation in the development of projects.”
It is noted that the ratification of the framework agreement will create a legal basis for economic cooperation between countries in the development of priority projects, in particular, for the construction (reconstruction) and equipping of the National Children’s Specialized Hospital “Okhmatdet” in Kyiv, the construction and equipping of a clinic in Kyiv, the creation of a National Rehabilitation Center in Lvov.
The National Bank of Ukraine (NBU) has cancelled licenses of 13 non-banking financial institutions and removed 10 financial institutions from the registers, the regulator’s website reported.
Thus, on the basis of their own applications, all existing licenses of ARES Capital LLC, Infinance LLC, KF.ua LLC, Omega-Finance LLC, FC Aland LLC, FC Alma LLC, FC Intime Finance LLC, and FC Monti LLC were revoked. All companies except for FC “Monti” have been excluded from the State Register of financial institutions.
MOTOR SICH JSC is also excluded from the Register of persons who are not financial institutions but are entitled to provide certain financial services due to the lack of a valid license for the provision of financial services.
In addition, based on the applications received, certain licenses have been revoked for Prime Finance Financial Company LLC to provide guarantees, Debt Obligation Fund Factoring Company LLC to provide guarantees, and Eliance Financial Company LLC to provide financial leasing services.
The National Bank revoked (cancelled) the licenses to provide financial services of CC “Garanta-L.K.” and CC Partner-Plus and excluded these credit unions from the State Register of financial institutions based on their own applications, guided by the special procedure during martial law*.
As of October 1, 2022 the volume of assets of CC “Garant-L.K.” was UAH 1,032 million (0.067% of the credit union market volume), liabilities – UAH 105 thousand (0.012% of the credit union market volume), including UAH 105 thousand – liabilities on which no interest is accrued.
The volume of assets of CC “Partner-Plus” as of October, 1, 2022 made UAH 996,65 th. (0,065% of the total volume of credit unions market), obligations – UAH 23,16 th. (0,003% of the total volume of credit unions market).
Such decisions were made by the Committee on supervision and regulation of non-banking financial services markets on November 3, 2022.
KSG Agro rented an oil extraction plant (OEZ) in Dnipropetrovsk region to produce virgin sunflower oil from its own raw material.
According to the agricultural holding’s press release issued on Friday, the crude sunflower oil it produces will be exported to European Union countries by road.
It is specified that the capacity of rented crushing plant allows processing 2.5 thousand tons of sunflower seeds into 1 thousand tons of sunflower oil per month. Staff of the factory consists of 30 persons. The production is equipped with modern equipment manufactured in Ukraine in 2008.
Agroholding reminded that after the start of a full-scale Russian military invasion into Ukraine, it began exporting rapeseed and sunflower oil to Poland, Slovakia and Italy. In addition, it began pilot shipments of sunflower oil to Poland and Italy using “flexitanks” – polymeric containers designed to transport liquid cargo and installed on trucks.
The vertically integrated holding KSG Agro is engaged in pig farming as well as the production, storage, processing and sale of grain and oilseeds. Its land bank is about 21,000 hectares.
According to the agricultural holding, it is one of the top five pork producers in Ukraine.
In 2021, the holding increased its net profit in 16 times compared with 2020 – up to $20.27 million, revenue – by 44%, to $30.75 million, while increasing EBITDA by half – to $12.28 million.
The owner and chairman of the board of directors of KSG Agro is Sergey Kasyanov.
