Business news from Ukraine

Business news from Ukraine

HARVESTING OF EARLY GRAINS BEGAN IN KHARKIV REGION – LOCAL AUTHORITIES

Harvesting of early grains has begun in Kharkiv region, the press service of the regional military administration reported with reference to the department of agro-industrial development.
“To date, the first mowing of winter barley and wheat has been made. Some 1,292 tonnes of early grain and leguminous crops have been harvested from an area of 450 hectares, or 0.1% of the harvested area (438,200 hectares)… In terms of crops threshed: winter wheat – 866 tonnes from an area of 345 hectares (0.1% of the harvested area), the average yield is 25.1 centners per ha; winter barley – 426 tonnes from an area of 106 hectares (0.1% of the harvested area), yield – 40.2 centners per hectare,” the press service of Kharkiv regional military administration told an Interfax-Ukraine correspondent.
This year, in Kharkiv region, farmers sowed 438,200 hectares with early cereals and legumes (excluding temporarily occupied territories and zones of active hostilities), of which wheat (winter and spring) – 348,900 hectares; barley (winter and spring) – 73,100 ha; rye – 1,400 hectares; oats – 2,700 hectares (54%); and peas – 12,100 hectares.
The Department of Agro-Industrial Development also noted that as of July 5, according to the recent data of the district administrations, 22,600 hectares (1.2% of the total arable land) need to be cleared or surveyed for the presence of sites contaminated with explosive objects. We are talking about farmland in Bohodukhiv (12,000 hectares); Kharkiv (2,580 ha) and Chuhuiv (8,090 d ha) districts of the region.
“On the territories of Izium, Kupiansk, partially Bohodukhiv, Kharkiv and Chuhuiv districts, hostilities continue, therefore, information about the territories that require examination for the presence of explosive objects in Kharkiv region is constantly changing and being updated,” the press service quoted the department.

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AGRICULTURAL EXPERT OFFERS NEW CONCEPT OF FORMATION OF LAND MARKET

If a society does not have a goal, then it is an ordinary society that lives by the same rules or has certain common features – the same society as a herd of sheep.
Civil society has been talked about for a long time. For the average citizen, if he has heard about civil society, it is something that some experts and some scientists have for their expert-scientific work, and it has no relation to real life.
What is civil society? This is a society that has a common goal and actively wants to achieve it. This is a society of non-state influence. It can either support the government or oppose it.
A developed civil society is a necessary element of democracy and a sign of statehood. A developed civil society is able to realize public interests and influence the formation of power.
The development of civil society in Ukraine is a practical way to European integration.
It is not surprising that European countries take care of the development of civil society in Ukraine.
The level of development of civil society is determined by the level of the goal, set tasks, formed methods, mechanisms and tools for achieving the goal.
Civil society is a collection of associations of citizens. Therefore, the association of citizens is the primary component of civil society.
The artificial creation of associations of citizens who do not have a common permanent goal or the creation of artificial associations became the reason for the lack of feeling or perception by Ukrainians of civil society as something important in the formation and development of social processes.
The development of civil society requires real associations of citizens that have a socially important and useful goal, set tasks, formed methods, developed mechanisms and effective tools for achieving the goal.
The community of owners of agricultural land is a potential association of citizens – a society that meets all the criteria and requirements set forth by the development of civil society.
It is easy for the community of land owners to define a goal, according to which to set tasks, form methods, develop mechanisms and implement them into possible means (tools).
The goal for any land owner is to increase the income from the land and ensure that the land is cared for – that is, the income from the land must be optimally efficient.
Among the tasks of the association of land owners is the transition to public organized independent land management, which ensures that any land owner, regardless of age, financial, material or organizational capabilities, can carry out independent management and receive the maximum possible profit from the use of land.
To date, the implementation of self-management and its development can take place without the participation and assistance of the state.
The association of land owners for the development of independent land management is the most powerful step towards the development of civil society in Ukraine.
In order to speed up the process of transition to independent land management, legislative changes are needed, which will consist in stopping the violation of the rights of land owners, creating favorable opportunities for land owners for independent management, including giving land owners the right to terminate the land lease agreement at their own will. This acceleration is also the task of unifying land owners.
Considering that there are more than 5 million owners of agricultural land in Ukraine, the association of land owners is the most powerful community in Ukraine.
At the same time, it is surprising that the authorities look into the mouths of several hundred tenants and appease their interests and whims, and do it as zealously as the Russian occupiers.
Perhaps at least the representatives of the European community will stop making mistakes of the authorities and turn their face to millions of landowners and their family members.
Roman Golovin, head of the All-Ukrainian Association of Land Owners

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ALFA-BANK IN UKRAINE PLANS TO CHANGE NAME

Альфа-Банк intends to change its name to Сенс Банк (English: Sense Bank) – after the name of the digital bank Sense SuperApp, which will be promoted from the end of 2020.
This information, pre-distributed by the “Finklub” publication, is confirmed by the bank’s publication in the disclosure system of the National Securities and Stock Market Commission (НКСБФР) about the holding of a shareholder meeting remotely on August 12 this year with a clause on renaming.
In addition, at the meeting it is planned to consider the issues of making changes to the statute, provisions on the shareholders’ meeting and the supervisory board, as well as to the principles of corporate governance.
As the ex-Minister of Finance of Bulgaria, Simeon Dyankov, previously noted in an interview with the “Interfax-Ukraine” agency, to whom in mid-April, in agreement with the National Bank, the right to vote on the majority package of Alfa-Bank was transferred, the board of the financial institution decided to abandon the “Alfa” brand and continue working under a new brand.
“A few days after the start of the war, the government decided to abandon the brand “Alfa-Bank”. The bank does not want to have anything to do with the aggressor country, even at the level of associations and a brand that works in Russia”, Dyankov explained the reasons for the renaming.
According to the bank, its largest shareholders at the moment are Andrey Kosogov (40.9614%, to whom after the war the packages that fell under the sanctions of German Khan and Aleksey Kuzmichev were transferred in the amount of 20.9659% and 16.3239% respectively), Mikhail Fridman (32.8632%), Петр Авен (12.4018%), UniCredit S.p.A. (Italy, 9.9%), Mark Foundation for research on cancer diseases (3.8736%). Дянков is a trusted person of the NBU on the packages of Kosogov and who were sanctioned by Fridman and Aven.
Alfa-Bank Ukraine, according to the NBU, on June 1, 2022, in terms of total assets, took the 6th place (107.35 billion UAH) among 69 banks operating in the country. Its assets decreased by 5.22 billion UAH compared to 2.19 billion UAH in April, and 1.04 billion UAH were additionally allocated to reserves against 0.78 billion UAH in April.
The bank’s net loss in May amounted to UAH 383.2 million, in April – UAH 307.4 million, but overall, for five months, the financial institution made a net profit of UAH 30.1 million.

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US SECRETARY OF STATE CRITICIZED CHINA FOR ITS POSITION ON UKRAINE – BLOOMBERG

United States Secretary of State Anthony Blinken criticized Beijing for its position on Ukraine and declared that he does not think China is maintaining neutrality on this topic, reports Bloomberg on Saturday.
He made such a statement after a meeting with the head of the Ministry of Foreign Affairs of the People’s Republic of China, Wang Yi, which, according to the agency, lasted about five hours.
According to Blinken, during the meeting with Van, he told him that Beijing should “invite Russia to allow the export of grain” from Ukrainian ports blocked by its troops. Also, according to the agency, the American Secretary of State said that “China’s support for Russia at the UN is obvious”. However, Blinken called the negotiations “useful, frank and constructive”.
At the same time, the Asian media reports that the Ministry of Foreign Affairs of the People’s Republic of China issued a statement following the negotiations between Minister Wang Yi and Blinken, which states that the parties reached a consensus on the issue of establishing ties during the G20 meeting.
Before the negotiations, Van Yi declared that “we need to work together to guarantee that these relations will continue to develop in the right direction”.
This is the first personal meeting of Blinken and Van I since October last year.

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UKRAINE DISAPPOINTED WITH CANADA’S DECISION TO RETURN NORD STREAM TURBINES TO GERMANY

The Ministry of Energy of Ukraine and the Ministry of Foreign Affairs of Ukraine express their deep disappointment in connection with the decision of the Canadian government to issue a permit for the return to Germany of the turbines of the Nord Stream 1 gas pipeline repaired by Siemens Canada. “The international community, including Canada and Germany, has already imposed a number of significant sanctions against Russia in order to stop its war against Ukraine. Ukraine is grateful for these decisive actions. At the same time, the latest Canadian-German agreement and the decision announced on its basis is adjusting the sanctions regime to the whims of Russia,” reads a joint statement released by the press services of the Ministry of Energy and the Ministry of Foreign Affairs of Ukraine.

The departments called this precedent dangerous and contrary to the rule of law, which would allow Moscow to strengthen its own sense of impunity.

The statement also substantiates that the Russian Federation can continue to supply gas to Germany in full without the aforementioned turbine, and the Russian demand for its mandatory return “is blackmail that has no technical justification.

The departments reported that Ukraine provided comprehensive explanations to the German and Canadian sides, who confirmed that they regard Russia’s demand as having no technical justification, but still decided to make a concession.

“The transfer of the Nord Stream 1 turbine will allow Russia to continue to use energy as a tool of hybrid warfare against Europe. We call on the Canadian government to reverse this decision, as well as ensure the integrity of the sanctions regime. There can be no exception when it comes to holding Russia accountable for tens of thousands of killed Ukrainians, hundreds of thousands of destroyed infrastructure, millions of internally displaced persons and refugees, and an undisguised attack on democracy and the rule of law around the world,” the Ministry of Energy and the Foreign Ministry concluded.

LAW ON ANTI-CORRUPTION STRATEGY OF UKRAINE UNTIL 2025 COMES INTO FORCE

The Law on the Anti-Corruption Strategy of Ukraine until 2025 came into force on Sunday, after its publication on Saturday in the Voice of Ukraine newspaper.
According to the Telegrams of the National Agency for the Prevention of Corruption (NAPC), the NAPC with the government, the public and business have already begun joint work to develop a state program to implement the Anti-Corruption Strategy. It will define specific tasks to overcome corruption and the authorities responsible for their implementation. The NAPC will ensure that the process is as inclusive as possible.
In addition, the NAPC will develop a special IT tool so that the public can monitor the implementation of the anti-corruption strategy.
The law was adopted by Parliament on June 20 and signed by the President of Ukraine on July 7.
The Anti-Corruption Strategy consists of four sections. The first one is devoted to the concept of formation of anti-corruption policy in Ukraine in the next five years. The remaining sections of the document contain a description of certain problems and expectations of strategic results to be achieved in order to solve them.
As noted in the law, the Anti-Corruption Strategy will help ensure the coherence and consistency of anti-corruption activities of all state authorities and local governments.
According to the document, the optimization of the functions of the state and local self-government provides for the elimination of duplication of powers by different bodies, the temporary cessation of the implementation of ineffective powers, which are characterized by a high level of corruption risks. The strategy also provides for the digital transformation of the exercise of powers by state authorities and local governments, transparency of activities and openness of data.
It also provides for the need to ensure the inevitability of legal liability for corruption and corruption-related offences.
According to the adopted law, a working group on anti-corruption policy issues (a coordinating working consultative and advisory group) will be created under the NAPC as a body co-chaired by the head of the NAPC and the Minister of the Cabinet of Ministers of Ukraine. The personal composition of the working group is approved by the government, in particular, by agreement, people’s deputies can also enter it. Its main tasks are to promote the coordination of actions of state authorities on the implementation of the Anti-Corruption Strategy and the implementation of measures of the state anti-corruption program.
The Verkhovna Rada annually no later than June 1 will have to hold parliamentary hearings on the implementation of the Anti-Corruption Strategy. At the same time, the NAPC undertakes to develop a new draft Anti-Corruption Strategy no later than August 1 of the year in which the previous one ends. In addition, the National Agency must annually inform the Cabinet of Ministers by April 1 about the results of the implementation of the measures of the state anti-corruption program to implement the Anti-Corruption Strategy.

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