Business news from Ukraine

Business news from Ukraine

PRESIDENT’S PARTY GETS 254 SEATS IN NEW PARLIAMENT

Some 130 of 199 member of parliament candidates who won majoritarian races in early parliamentary elections came ran on the Servant of the People ticket, Ukraine’s Central Election Commission (CEC) has said. Some 23 MPs, who won in majoritarian races, represent other parties, including Opposition Platform – For Life and Opposition Bloc – 6, Holos – , European Solidarity and Batkivschyna – two each, Svoboda, Samopomich, Bila Tserkva and United Center – one each.
Some 46 more MPs from majoritarian races were self-appointed and did represent any political party.
With 100% of electronic protocols processed, Servant of the People (43.16%), Opposition Platform – for Life (13.05%), Batkivschyna (8.18%), European Solidarity (8.10%) and Holos (5.82%) enter parliament. The remaining parties did not surpass the 5% barrier required for entry.
Servant of the People will receive 124 mandates according to the party list vote, followed by Opposition Bloc – For Life – 37, Batkivschyna – 24, European Solidarity -23 and Holos – 17.
The Servant of the People Party faction in the parliament of the 9th convocation will be represented by 254 MPs, Opposition Bloc – For Life – 43, Batkivschyna – 26, European Solidarity – 25, Holos – 20 and Opposition Bloc – 6. Svoboda, Samopomich, Bila Tserkov and United Center will be represented by one MP each, and there will be 46 self-appointed MPs.
Early parliamentary elections were held on Sunday, July 21 according to a mixed system: 225 candidates were elected by party lists in the state-wide multi-member constituency and 199 by the majority system (majoritarian) in single-member constituencies.
The current edition of the Constitution does not contain a requirement for the mandatory entry of a deputy to party’s Rada faction. Therefore, it is possible that in addition to factions of parties that overcame the 5% barrier, deputy groups will be created in the future parliament, which may include majoritarian deputies.
According to the law on elections of deputies of Ukraine, the CEC establishes the results of the elections of deputies in the national district and in single-member districts no later than the fifteenth day from the voting day (no later than August 5). Not later than on the fifth day (no later than August 10) from the day the election results are established, the CEC officially publishes the results in the newspapers Holos Ukrainy and Uriadovy Kurier (the list of elected deputies is published in alphabetical order).

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U.S.-BASED TRIDENT ACQUISITIONS ANNOUNCES VICTORY IN TENDER FOR PSA IN UKRAINE

U.S.-based Trident Acquisitions Corp. has been recognized the winner of the tender for the development of the Dolphin hydrocarbon section on the Black Sea shelf on the basis of a production sharing agreement (PSA), company CEO and one of its shareholders Ilya Ponomarev has said. “It was a difficult struggle, but our application was significantly more profitable for Ukraine,” he said on Facebook.
Ex-State Duma deputy Ponomarev, to whom Petro Poroshenko granted Ukrainian citizenship in May of this year, thanked the government and personally Minister of Energy and Coal Industry Ihor Nasalyk for the trust. “We promise not to let you down and to do everything possible to start production as soon as possible!” he said.
As reported, on April 12, 2019, the Cabinet of Ministers announced a tender for the development of hydrocarbons within the Dolphin section on the Black Sea shelf under PSA terms. The term of the agreement is 50 years.

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IMF CONFIRMS READINESS TO SEND MISSION TO UKRAINE

The position of the International Monetary Fund (IMF) on negotiations with Ukraine on the resumption of funding remains the same: the Fund is awaiting the formation of a new government and wants to see priorities of its policy.
IMF Spokesperson Gerry Rice said at a press briefing in Washington, D.C., on Thursday that the IMF team was ready to return to Kyiv to continue discussions after the parliamentary elections as soon as the new government is able to decide on its policy priorities.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JULY 26

Official rates of banking metals from national bank as of july 26

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 26/07/19

National bank of ukraine’s official rates as of 26/07/19

Source: National Bank of Ukraine

DONALD TRUMP HAS TELEPHONE CONVERSATION WITH UKRAINIAN PRESIDENT VOLODYMYR ZELENSKY

U.S. President Donald Trump has congratulated Ukrainian President Volodymyr Zelensky on the Servant of the People Party’s confident win at the latest snap parliamentary elections, according to the Ukrainian president’s official website.
During a telephone conversation, Trump congratulated Ukraine on the successful holding of the free and democratic parliamentary elections.
“He reaffirmed the U.S. invariable support for the sovereignty and territorial integrity of Ukraine and America’s readiness to provide full assistance with the implementation of the large-scale reform program in our country,” the statement said.
Zelensky thanked Trump for the United States’ leading role in retaining and strengthening sanctions against Russia.

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