Business news from Ukraine

Business news from Ukraine

BILLS ON DETECTIVE SERVICES COULD REDUCE MARKET TO COLLECTING INFORMATION

Bills on detective services could reduce the market to only collecting and capturing information, lawyers of Kinstellar law firm – Counsel Iryna Nikolayevska and associate Julia Palaida – have told Interfax-Ukraine, commenting on bill No. 1228 submitted by MP Andriy Kozhemiakin (Batkivschyna parliamentary faction) and alternative bill No. 1228-1 submitted by MPs Mykola Halushko and Viacheslav Medianyk (both from the Servant of the People parliamentary faction).
The lawyers said that at present, the most popular services of private detectives are the search for missing persons, the search for children hidden by one of the spouses, the search for assets of a person in order to recover them, and the verification of the reliability of business partners and employees.
“If regulation of this sphere is introduced in the format proposed by bills No. 1228 and No. 1228-1, the functions of a private detective will actually be reduced to collecting and recording information, since none of these documents authorizes detectives with powers similar to those of law enforcement agencies. Moreover, the bills do not directly regulate the question of how the court should evaluate the evidence collected by the detective, and whether the court will consider it to be appropriate evidence,” the lawyers said.
The Kinstellar law firm experts believe that the information collected by the detective should be regarded as proper evidence (provided there are no violations during the collection).
“It would be nice to clarify the law in this matter,” Nikolayevska and Palaida said.
Moreover, in general, the lawyers consider attempts to regulate the sphere of private investigations to be positive.

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ZELENSKY: WE WILL BUILD AIRPORTS IN UKRAINE

The issue of building airports is a priority for 2020, according to Ukrainian President Volodymyr Zelensky.
“We will build an airport in Dnipro. We are not postponing anything: we will build airports in 2020. And not only in Dnipro,” he said during a press marathon in Kyiv on Thursday.
According to the head of state, funds for the construction of an airport in Dnipro may not be available in the current draft national budget, since the document has not yet been finalized and all amendments have not been made to it.
“We agreed that we are one team, and we will discuss the final budget together with the Minister of Finance and the Prime Minister. They have not yet come to me with the final budget,” Zelensky said.
The president also said that a report from an independent commission on the construction of a bridge in Dnipro was almost ready. In a week, he plans to get it and consider it, after which he will be ready to talk about this construction project with Dnipro City Mayor Borys Filatov.

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

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

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF OCTOBER 10

Official rates of banking metals from national bank as of October 10

One troy ounce=31.10 grams

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STATE-RUN PRIVATBANK SEES NET PROFIT RISE BY MORE THAN 5 TIMES IN NINE MONTHS

Nationalized PrivatBank (Kyiv) in January-September 2019 saw net profit rise to UAH 27.4 billion from UAH 5.093 billion for the same period in 2018, which became a new absolute figure for the bank and the entire banking system of Ukraine, according to a press release from the bank.
According to the bank, its net commission income for the nine months amounted to UAH 13.3 billion, net interest income some UAH 14.7 billion.
As reported, the net profit of PrivatBank (Kyiv) in January-June 2019 amounted to UAH 18.3 billion, which is 2.7 times more compared to the corresponding period of 2018 (UAH 6.9 billion).
Net interest income for the six months amounted to UAH 9.8 billion, net commission income some UAH 8.5 billion.
The government of Ukraine on December 18, 2016, referring to the proposal of the NBU and the former shareholders of PrivatBank, the largest of whom at that time were Ihor Kolomoisky and Hennadiy Boholiubov, decided to nationalize this largest financial institution in the Ukrainian market and invested over UAH 155 billion in its capital.
PrivatBank ranked first among 76 banks operating in the country as of July 1, 2019 in terms of total assets (UAH 522.422 billion), according to the National Bank of Ukraine.

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UKRAINE REDUCES COAL IMPORTS BY 4.4%

Ukraine in January-September 2019 reduced import of coal and anthracite (foreign trade code 2701) by 4.4% (by 689,521 tonnes) compared to the same period in 2018, to 14.951 million tonnes.
According to the State Fiscal Service, coal was imported for $2.089 billion, which is 4.7% less than in January-September 2018.
At the same time, coal worth $1.218 billion (the share in imports is 58.27%) was received from Russia, while the United States supplied coal for $667.294 million (31.94%), Kazakhstan for $94.992 million (4.55%), and other countries for $109.626 million (5.25%).
In addition, Ukraine for the first nine months of 2019 exported 13,157 tonnes of coal and anthracite worth $508,000, in particular to Moldova for $380,000, to Hungary for $96,000, and Poland for $32,000.

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