Business news from Ukraine

Business news from Ukraine

UKRAINIAN PARLIAMENT PASSES BILL ON LENDING STATE-OWNED PROPERTY

Ukraine’s Verkhovna Rada has passed at first reading bill No. 1055-1 on lending state-owned and municipal property, envisaging the lending of this type of property via the e-auction system.
An Interfax-Ukraine correspondent has reported that the bill was backed by 263 MPs on Thursday.
“The Verkhovna Rada today adopted bill No. 1055-1, which will finally allow creating fair competition and fully opening up this market. Perhaps the story is familiar to many city dwellers: no one knows who and for what money, what “matchmakers” and “godfathers” rent premises in the middle of the city for UAH 1, to whom the high-rise complex of a plant is rented. All this is now a thing of the past,” First Deputy Minister of Economic Development, Trade and Agriculture Pavlo Kukhta said on his Facebook page, commenting on the adoption of the bill.
He said that according to the document, state-owned and municipal property should be leased according to the results of electronic auctions to those who offered the highest price.
In addition, a unified database of state-owned and municipal property leased will be created.
“By October 1, 2020, all existing lease contracts, even those that were concluded under the old law, will be entered to the electronic trading system @ProZorro.Sales with free access to data,” he added.

, , ,

COMMODITY PATTERN OF UKRAINIAN IMPORT IN JAN – JULY 2019

Commodity pattern of Ukrainian import in Jan – July 2019

,

TRUMP REMOVES U.S. AMBASSADOR TO UKRAINE AFTER LAWYER GIULIANI’S COMPLAINTS

U.S. President Trump ordered the removal of the ambassador to Ukraine after months of complaints from allies outside the administration, including his personal lawyer Rudy Giuliani, that she was undermining him abroad and obstructing efforts to persuade Kyiv to investigate former Vice President Joe Biden, the Wall Street Journal has reported.
Trump’s personal lawyer Giuliani told the newspaper that Yovanovitch was biased against the U.S. president in private conversations and prevented Ukraine from conducting an investigation into Biden and his son Hunter.
In addition, the newspaper reports that Giuliani handed over to the U.S. Secretary of State Mike Pompeo a nine-page document dated March 28 containing a schedule of Biden’s business meetings in Ukraine.
The document also claimed that Yovanovitch was very close to the former vice president.
It is noted that although the U.S. Department of State presented Yovanovitch’s departure from Ukraine in May as planned, her tenure as ambassador was three months shorter than the usual three-year term.
Earlier, U.S. media reported that Trump tried in a telephone conversation on July 25 to convince Zelensky of the need to launch an investigation against Hunter Biden, the son of former Vice President Joe Biden.
An American intelligence officer complained in writing, and members of the U.S. Congress received the complaint for review. The complaint of intelligence officer statement prompted Democrats in the House of Representatives to initiate impeachment hearings against Trump.
In addition to U.S. Special Representative for Ukraine Negotiations Kurt Volker and former U.S. Ambassador to Ukraine Yovanovitch, democrats also requested State Department Deputy Assistant Secretary George Kent, State Department counselor T. Ulrich Brechbuhl and U.S. Ambassador to the European Union Gordon Sondland appear for depositions at the Congress.
On Thursday, Trump explicitly called on Ukraine and China to launch investigations into the activities of former U.S. Vice President Joe Biden and his companies.

, , , ,

DUTCH LOW COST AIRLINE TRANSAVIA CONSIDERS OPERATION IN UKRAINE

The Dutch low cost airline Transavia (part of Air France KLM Group) is considering operation in Ukraine, Frank Van ‘T Hof, the commercial director of Air France KLM for the CIS countries, has said at a meeting with reporters in Kyiv.
“Our central networking office is considering this possibility. But it all comes down to a very thorough calculation of this business plan,” he said.
According to him, it is important for the group to launch a product from which it will be able to earn income.
Currently, Air France KLM operates flights from Kyiv to Amsterdam on a daily basis, and also provides a number of destinations in Ukraine in code sharing with UIA.
As reported, Air France previously announced the transfer of Kyiv-Paris flights to a seasonal basis, as a result of which flights on this route will not be operated from October 27, 2019 to March 28, 2020.
Air France KLM has been the largest European alliance since 2004, whose core business is passenger and cargo air transportation, as well as aircraft maintenance.

, , ,

PRESIDENT OF BELARUS SUGGESTS UKRAINE TO CO-HOST OLYMPIC GAMES

President of Belarus Alexander Lukashenko believes that Ukraine and Belarus may jointly apply for hosting the Olympic Games in the future.
“The President of Ukraine offers us to think together about whether we can even apply for hosting the Olympic Games. We can do it, two countries can,” he said, speaking at the Second Forum of Regions of Ukraine and Belarus in Zhytomyr on Friday.

, ,

UKRAINE’S SEAPORTS WILL ACCEPT RECORD VOLUME OF DIESEL FUEL – EXPERT

Ukraine’s seaports, whose share in import deliveries of diesel fuel is rapidly growing amid the introduction of duties on Russian resources supplied by pipeline, will have to accept a record volume of diesel fuel in the amount of 150,000 tonnes in October, director of A-95 Consulting Group (Kyiv) Serhiy Kuyun said on Facebook.
According to him, to date, the record volume fixed in the autumn of 2015 was 130,000 tonnes.
Kuyun said that in September the share of seaports in the structure of import deliveries was 20%, whereas a year earlier it was 10%. The share of fuel supplies from Belarus is 53% (against 36% in September 2018), Russian deliveries by rail 6% (against 3%), Russian deliveries through Gomel 12% (against 9%), and Lithuania’s share some 9% (against 8%).
“After the tense first half of September, when the price of diesel fuel increased by more than 11% due to deficit, the market was balanced by the end of the month even with a slight surplus. It will come in handy in October, when supplies from Belarus are expected to fall due to the halt of Mozyr oil refinery,” the expert said.
The required amount of fuel, he said, will be covered by increasing supplies through seaports, oil refining by Ukrtatnafta, and railway deliveries from Russia.
Commenting on the market price situation in September, he noted that the cost of diesel fuel is not yet striving to decrease.

, , ,