Business news from Ukraine

Business news from Ukraine

UKRAINE STRATEGIC PARTNER OF INDIA IN MILITARY-TECHNICAL COOPERATION – INDIAN AMBASSADOR

Secretary of the National Security and Defense Council of Ukraine Oleksandr Danyliuk held a meeting with Indian Ambassador Partha Satpathy on Wednesday, during which the parties discussed the state of cooperation in the field of security and defense and prospects for its further intensification. “Satpathy stressed the importance of Ukraine as a strategic partner of India in the field of military-technical cooperation, in particular, the production and supply by Ukraine of gas turbine engines for ships and joint projects in the field of aviation,” the press service of the NSDC reports.
Also, the Ambassador of India assured of the unchanged support for the sovereignty and territorial integrity of Ukraine.
According to Danyliuk, to enhance cooperation at the strategic level, the current exchange of information between Ukraine and India on security issues is relevant today.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JUNE 27

Official rates of banking metals from national bank as of june 27

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 27/06/19

National bank of ukraine’s official rates as of 27/06/19

Source: National Bank of Ukraine

UKRSADPROM ASKING TO INTRODUCE FIXED TAX PER HA, RETURN PREFERENTIAL VAT FOR FARMERS

The Ukrsadprom has addressed the Ukrainian president, prime minister and leaders of the political parties asking to introduce some measures for the development of gardening, in particular, to introduce the fixed land tax per ha depending on the type of economic activities.
According to the press service of the association, Ukrsadprom also asked to return preferential VAT for farmers, to provide state support for the export of horticultural products, and also to modernize the industry’s subsidy program with a focus on processing.
As reported, the Ukrsadvynprom association asked the Agricultural Policy and Food Ministry to adapt the program of state support for gardening to berry enterprises, as well as to expand the list of wine-making areas.

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UNIVES INSURER CUTS PREMIUM COLLECTION BY 33.8%

Kyiv-based insurance company Unives in January-March 2019 attracted UAH 10.298 million of premiums, which is 33.8% less than during the same period in 2018, according to the Expert-Rating agency, which affirmed the company’s financial strength rating at uaA+ on the national scale.
According to the agency, part of insurance premiums owned by reinsurers rose by 1.7 percentage points and accounted for 4.17% in the structure of insurance premiums.
Insurance claim fee payments halved as compared with Q1, 2018 to 82.2% of premiums.
The assets of the insurer from March 31, 2018 to March 31, 2019 decreased by 15.73%, to UAH 114.3 million. Gross liabilities of the company for the same period dropped by 25.48%, to UAH 41.46 million, and its net worth by 8.95%, to UAH 72.88 million. As a result, the overage of the company’s liabilities by net worth increased by 31.91 percentage points and on March 31, 2019 stood at 175.77%, which indicates that the insurer maintains a very high level of capital stock.

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ZELENSKY APPROVES REGULATIONS ON PRESIDENTIAL OFFICE

President of Ukraine Volodymyr Zelensky has approved the Regulations on the Presidential Office of Ukraine.
This is enshrined in decree No. 436/2019 of June 25. The document comes into force from the date of publication.
According to the Regulation, the Presidential Office is a permanent subsidiary body formed by the head of state in accordance with Paragraph, 28 Part 1 of Article 106 of the Constitution of Ukraine.
The tasks of the Office include the implementation of expert analysis of political, economic, social, humanitarian and other processes taking place in Ukraine and in the world, preparation of its results for submission to the President of proposals for domestic and foreign policy; participation in the processing of proposals regarding the implementation by the President of leadership in the areas of national security and defense of Ukraine, his fulfillment of the powers of the chairman of the Council of National Security and Defense of Ukraine, monitoring the security and defense sector; the examination of the laws passed by the Verkhovna Rada, received by the head of state for signature, the preparation of proposals on the signing of laws or the use of the right of veto, etc.
The Presidential Office ensures, in the established manner, the interaction of the President with the Verkhovna Rada, the Cabinet of Ministers, law enforcement, other state bodies, local governments, associations of citizens (including political parties, trade unions), enterprises, institutions, organizations, and contributes to the effectiveness of this interaction.
Among the tasks are the preparation of drafts of constitutional motions, appeals of the President to the Constitutional Court of Ukraine and proposals regarding the position of the President in matters considered by the Constitutional Court; ensuring the consideration of requests of deputies, groups of deputies and committees of the Verkhovna Rada to the President.
The Office has the power to request and receive information, documents and materials from government bodies and local government agencies, businesses, institutions and organizations of all forms of ownership and from their officials. It may engage researches and experts, and employees of central and regional executive bodies to perform works and missions and to participate in studying specific matters, including on a contractual basis.
The Office has the following staff in its structure: the head of the Office and their first deputy and deputies; the head of the Presidential Office secretariat; the first presidential aide and other presidential aides, presidential advisors, the presidential press secretary, and presidential envoys and representatives. In addition, the Office includes the president’s chancellery, the chancellery of the Presidential Office head, and several directorates and departments.
As reported earlier, Zelensky set up the Presidential Office by way of reorganizing and cutting the number of employees at the Presidential Administration of Ukraine.
Zelensky has appointed Andriy Bohdan as the chief of the Presidential Office. Zelensky issued another decree to dismiss him as the Presidential Administration head.
First Deputy Head of the Presidential Administration Serhiy Trofymov, Deputy Heads of the Presidential Administration Oleksiy Honcharuk, Yuriy Kostiuk, Vadym Prystaiko, Ruslan Riaboshapka, Kyrylo Tymoshenko, and Oleksiy Dneprov were appointed to similar positions in the Presidential Office.
Zelensky has repeatedly revealed plans to move from the existing Presidential Administration building on Kyiv’s Bankova Street to a new office.

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