Business news from Ukraine

Business news from Ukraine

UKRAINE PLANS TO REFORM SECURITY SERVICE

The new Ukrainian authorities are planning to reform certain elements of the governance system, including the Security Service, Ukrainian National Security and Defense Council Secretary Oleksandr Danyliuk said. “We have a security sector reform on our agenda. Without reforming the Security Service, any other reforms make absolutely no sense, because the Security Service has been historically integrated into multiple processes,” Danyliuk said in a televised interview.
“The Security Service should become a powerful organization, but in one key field; namely, counterintelligence. The Security Service should be deprived of other functions it has, including economic matters and efforts against corruption,” he said.
“Our international partners and the president actively support all of this,” Danyliuk said.
“A lot will have to be changed to make these reforms a reality; in particular, legislative amendments will have to be made,” he said.
“I have set up a group to work on [bills], and we are moving ahead very quickly. I know that we already have a bill, but, for some reason, our partners, such as, for example, NATO, do not approve of it. And our experts don’t support it for some reason, either. Why? Because this legislation would leave the Security Service’s work unchanged. We don’t need such bills. I am convinced that the Security Service and our Ukrainian and Western partners should be engaged in drawing up bills. This is exactly what is happening now,” Danyliuk said.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 29/07/19

National bank of ukraine’s official rates as of 29/07/19

Source: National Bank of Ukraine

COMPANIES FROM AUSTRIA WANT TO ACQUIRE CONTROL OVER YUG-CONTRACT

The Anti-Monopoly Committee of Ukraine (AMCU) is taking a decision if to permit GEN.Holding GmbH and VAMA Holding GmbH Austrian Companies to acquire control over Yug-Contract Group Ltd. (Cyprus).
The respective issue was put onto commission’s agenda on July 25. However, no decision over this issue has been announced yet.
According to the open sources, GEN Group Ltd owned by Foxtrot Group of Companies Director General Hennadiy Vykhodtsev is 100% shareholder of GEN. Holding GmbH. Meanwhile, VAMA Group Ltd. owned by another director of Foxtrot Group Valeriy Makovetsky is 100% shareholder of VAMA Holding GmBh.
Yug-Contract Group was based in Yalta in 1994. The company distributes items of IT and consumer electronics.
In 2009, Yug-Contract united with Foxtrot-IT and now has a multi-product portfolio.

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UKRAINE REMAINS 13TH IN WORLDSTEEL RATING IN JUNE

Ukrainian metallurgical enterprises in June 2019 reduced steel production by 3% compared to the same period in 2018, to 1.659 million tonnes, thus remaining on the 13th position in the ranking of 64 major global manufacturers of these products, compiled by the World Steel Association (Worldsteel). An increase in steel production in half of the top ten countries, except for South Korea, Russia, Germany, Turkey and Brasil, was recorded in June 2019 compared to June 2018.
The top ten producer countries in June are as follows: China (87.533 million tonnes, an increase of 10%), India (9.336 million tonnes, an increase of 4%), Japan (8.789 million tonnes, an increase of 0.4%), the United States (7.276 million tonnes, an increase of 3.1%), South Korea (5.958 million tonnes, a decrease of 2.6%), the Russian Federation (5.875 million tonnes, a decrease of 2.6%), Germany (3.405 million tonnes, a drop of 5.8%), Brazil (2.823 million tonnes, a decrease of 3.1%), Turkey (2.698 million tonnes, a decrease of 11%), and Iran (2.165 million tonnes, an increase of 6.1%).
They are followed by Italy (2.086 million tonnes, a drop of 2.5%), Taiwan (China, 1.960 million tonnes, a decrease of 0.3%) and Ukraine (1.659 million tonnes, a drop of 3%).
Overall, in June 2019, 64 countries produced 158.978 million tonnes of steel, which is 4.6% more than in June 2018.
Through January-June 2019, sixty-four countries produced 925.064 million tonnes of steel, which is 4.9% more than in the same period last year.

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PARIS HILTON PLANS TO BUY HEALTH RESORT COMPLEX IN UKRAINE

Paris Hilton, the celebrity hotel heiress, is negotiating to buy Derenivska Kupil, a late 17th-century health resort complex located in the foothills of the Carpathians, 25 km east of Uzhgorod. “A deal is expected to be closed by the end of the summer,” reports Ukrinform.
The fairy tale castle setting would host “international beauty contests” sponsored by Paris Hilton.
The American entrepreneur found out about the Zakarpattia resort in April 2018, when she performed as a DJ at the opening of the Grand Hotel in Lviv, 250 km north of Derenivska Kupil.

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DYNAMO KYIV WIN UKRAINIAN SUPER CUP

Dynamo Kyiv have won the Ukrainian Super Cup 2-1 in a match with Shakhtar Donetsk in Odesa on Sunday, July 28;
In the last minutes of the first haDynamo Kyiv win Ukrainian Super Cup
KYIV. July 29 (Interfax-Ukraine) – Dynamo Kyiv have won the Ukrainian Super Cup 2-1 in a match with Shakhtar Donetsk in Odesa on Sunday, July 28;
In the last minutes of the first half, the Miners took the lead due to a precise strike by Alan Patrick from Brazil. At 80′, Dynamo managed to equalize thanks to central defender Mykyta Burda following a corner. And three minutes after Uruguayan footballer de Pena’s pass, Dynamo’s midfielder Denys Harmash played well in advance and made his team the winner.
Now the number of Dynamo’s wins in the Ukrainian Super Cup equals Shakhtar’s – eight.
The Ukrainian Super Cup has been played since 2004. The champion and winner or finalist of the Ukrainian Cup are fighting for it.
lf, the Miners took the lead due to a precise strike by Alan Patrick from Brazil. At 80′, Dynamo managed to equalize thanks to central defender Mykyta Burda following a corner. And three minutes after Uruguayan footballer de Pena’s pass, Dynamo’s midfielder Denys Harmash played well in advance and made his team the winner.
Now the number of Dynamo’s wins in the Ukrainian Super Cup equals Shakhtar’s – eight.
The Ukrainian Super Cup has been played since 2004. The champion and winner or finalist of the Ukrainian Cup are fighting for it.

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