Business news from Ukraine

Business news from Ukraine

FIFTH PRESIDENT OF UKRAINE POROSHENKO DECLARES OVER UAH 152 MLN IN DIVIDENDS FROM ROTHSCHILD

The fifth president of Ukraine, the leader of the European Solidarity party, Petro Poroshenko, has declared receipt of UAH 152.4 million in dividends from Sequent Schweiz AG (formerly Rothschild Trust Schweiz AG), the corresponding information is published in the unified state register of declarations.
According to it, Poroshenko received dividends in the amount of UAH 152.4 million from the Swiss company on March 31 this year.
In addition, the ex-president declared income of UAH 610,900 in the form of interest from deposits in the International Investment Bank belonging to him, which he declares in a similar amount every month.
As reported, in 2016, Poroshenko appointed Rothschild Trust as a trustee in the blind trust to manage his stake in Roshen Confectionery Corporation.
For 2020, the leader of European Solidarity declared UAH 222 million of income, of which UAH 214 million are dividends, UAH 7 million are interest on deposits in the bank, and UAH 500,000 is a salary in the Verkhovna Rada.
Poroshenko kept $ 3.09 million, EUR 40,000 and UAH 330,000 on accounts in the International Investment Bank, as well as $ 51.2 million and UAH 423.3 million in cash.

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NUMBER OF UNEMPLOYED IN UKRAINE AND JOB OPPORTUNITIES, FEB 20 – FEB 21.

Number of unemployed in ukraine and job opportunities, Feb 20 – Feb 21.

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RETAIL TURNOVER IN UKRAINE ACCELERATES TO 13% IN MARCH

Retail goods turnover in Ukraine in March 2021 year-over-year grew by 13.1% year-over-year in comparable prices, the State Statistics Service has reported.
In the first quarter of 2021, retail trade turnover grew by 7.5% compared to the first quarter of 2020, while in March 2021 compared to the previous month, its growth was 11.8%.
The largest increase in the retail turnover of enterprises (legal entities and private entrepreneurs) in January-March 2021 year-over-year was recorded in Kyiv (by 14.6%), Chernivtsi (by 13.7%), Vinnytsia (by 12.5%), Ternopil (by 11.8%), Chernihiv (by 10.5%), Khmelnytsky (by 10%), Poltava and Zakarpattia (by 9, 9%), Zaporizhia (9.8%), Dnipropetrovsk (9.1%), Odesa (8.9%), Lviv (7.8%) regions and Kyiv city (6.8%).
The authority said that the data are given without taking into account the temporarily occupied territory of the Autonomous Republic of Crimea, the city of Sevastopol and the Joint Forces Operations area.

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UKRAINE JOINS EXECUTIVE COUNCIL OF UN WOMEN

The United Nations Economic and Social Council elected Ukraine to the Executive Council of UN Women for 2022-2024, and also re-elected for a three-year term to the Executive Board of the United Nations Development Program (UNDP), United Nations Population Fund (UNFPA), The United Nations Office for Project Services (UNOPS), the press service of Ukraine’s Ministry of Foreign Affairs reported on Tuesday.
“The election of Ukraine to the governing body of UN Women was a confirmation of our state’s consistent adherence to the strategic course on ensuring equal rights and opportunities for women and men at the national and international levels. As part of the Executive Council, the Ukrainian side will continue to strengthen women’s leadership and promote women’s participation in political processes, in particular in the context of implementation of the Women. Peace. Security,” Ukrainian diplomats report.
It is reported that the last time Ukraine was represented in the Executive Council of UN Women in 2011-2013.
“The main task of the Ukrainian membership in the Executive Board of UNDP, UNFPA, UNOPS will be to improve the efficiency of the operational activities of the UN development system, to provide assistance to member states for economic recovery after the COVID-19 pandemic,” the Foreign Ministry said.
They add that Ukraine is one of the thirty countries on whose territory major projects are being implemented with the support of the UN.
“Our state is especially interested in the UN operational activities being effective and result-oriented, eliminating duplication and avoiding gaps in the interaction of agencies in the host countries,” the message says.
It says that over the next few years, UN agencies in Ukraine will continue to provide assistance to the Ukrainian government in order to overcome the negative consequences in socio-economic sphere amid the spread of the coronavirus.
Other areas of enhanced interaction will be the development of democratic governance, sustainable economic growth, employment, green energy and modern technologies.
“These projects are being implemented within the framework of partnership between the government of Ukraine and the UN for 2018-2022 with a budget of $667 million,” the Foreign Ministry said.
The United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) was established by UN General Assembly Resolution 64/289 on 2 July 2010.
The goal of UN Women is to accelerate the achievement of the UN goals in the field of gender equality and the empowerment of women, in particular by implementing policies, global standards and norms in this area, providing technical and financial assistance to member states in the implementation of these norms, strengthening effective partnerships with civil society and the like.

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UKRAINE APPROVES PROJECT TO RAISE $100 MLN LOAN FROM IBRD EXPORT-ORIENTED COMPANIES

The Cabinet of Ministers at an extraordinary meeting on April 19 approved a project to attract a $ 100 million loan from the International Bank for Reconstruction and Development (IBRD) for export-oriented small and medium-sized enterprises (SME), the Ministry of Finance said.
“Today, on April 19, 2021, the has government adopted a resolution on some issues of the implementation of the joint investment project with the IBRD on additional financing to counter COVID-19 within the framework of access to long-term financing, the Finance Ministry’s website said.
The additional financing project provides for a loan from the IBRD in the amount of $ 100 million to provide export-oriented SMEs with access to long-term financing, the ministry explained.
The Ministry of Finance notes an increase in demand from potential financial institutions participating in the project amid the coronavirus crisis.
At the same time, the government supported the draft presidential decree on the creation of a Ukrainian delegation to participate in negotiations with the IBRD and authorized the chairman of the board of Ukreximbank to sign the guarantee agreement between Ukraine and the IBRD, the Ministry of Finance said.

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WORLD’S LARGEST ROAD TRAVEL MARKETPLACE BLABLACAR ACQUIRES UKRAINIAN COMPANY

The world’s largest road travel marketplace BlaBlaCar has bought the Ukrainian automated bus passenger transport management company Octobus. According to a BlaBlaCar press release, Octobus is a cloud-based platform that enables bus carriers to automate their business processes, from sales and marketing to analytics, accounting and fleet management. It is expected that thanks to the joint efforts of Octobus and BlaBlaCar, bus carriers will receive key functionality that will help them to be competitive and increase the pace of development in the current market conditions. These include the ability to create own website and mobile application for online sales, as well as own call center for phone sales and a mobile application for drivers and staff.
The Octobus deal will allow BlaBlaCar to accelerate the digitalization of the bus market in Ukraine and scale it to countries where bus operators still sell most of their tickets offline at bus stations and ticket offices. In turn, BlaBlaCar users will have more choice for travel: carpooling in private cars or bus rides, the company said.
BlaBlaCar said that this decision was made for the platform as part of the overall development strategy.
“The Ukrainian bus market has great potential. Unlike European countries, the Ukrainian market consists of hundreds of bus operators. Many of them have their own business management system, which does not always meet the needs, since developing and maintaining such solutions is a rather expensive task. Carriers want to be engaged in transportation, not IT development. This is logical. At the same time, most of the companies, especially small ones, which still do business in Excel and even a notebook… We will offer carriers a technology with which they can provide an optimal online presence, optimize their business processes, focusing on the key tasks of their business, the quality of services provided for passengers and, as a result, increasing sales,” CEO of BlaBlaCar in Ukraine Oleksiy Lazorenko said.
In turn, the founder and CEO of Octobus, Ivan Kirov, added that for bus carriers the system will remain an independent tool for managing inventory and business processes, while existing BlaBlaCar partners will be able to use the service for free.
BlaBlaCar also announced raising a new EUR 97 million funding round. As the company said, the attracted investments will help maintain the current growth rates of the company, as well as develop the BlaBlaCar bus business, in particular in Ukraine. Among the company’s key objectives is to expand the network of bus partners and improve the platform to offer passengers a convenient and reliable way to buy tickets online.
BlaBlaCar is the world’s largest road travel marketplace (website and mobile app for iOS and Android) that brings together a trusted community of travel companions as well as official bus rides.
As of April 2021, the number of BlaBlaCar users exceeds 90 million in 22 countries.

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