Business news from Ukraine

Business news from Ukraine

UKRAINE IS NOT ONLY AGRICULTURE, METALLURGY, FOOD, IT’S ALSO IT INDUSTRY – VOLODYMYR ZELENSKY

President of Ukraine Volodymyr Zelensky is convinced that Ukraine should be associated not only with agriculture, mines and metallurgy, beautiful people, nature and food, but also with the IT industry. “There has always been a vision for everyone in the world that Ukraine is, above all, agriculture, mines, metallurgists, and tourists have always said that Ukraine is very beautiful, food here is very tasty and people are very beautiful, especially women. Yes, that’s it and it remains our brand, but there are other figures that indicate that the IT industry, IT technologies and companies are developing very quickly in Ukraine,” he said during a visit to Station F, the world’s largest startup campus, in Paris.
According to Zelensky, more than 4% of Ukraine’s GDP is now formed through the IT industry. “We have about 150,000 IT specialists, startup initiators in Ukraine. I think that we will develop in this direction,” he said.
Zelensky noted that in Ukraine there is no such campus for startups yet, but they will work on it. “We have a lot of factories, which, unfortunately, do not work. We will definitely find such a large building,” he said.

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UKRAINE’S STATE EMERGENCY SERVICE OPENS DEMINING CENTER IN MARIUPOL

Ukraine’s State Emergency Service has opened a demining center in Mariupol, Donetsk region, the Interior Ministry said on Facebook on Saturday. The ceremony was attended by President of Ukraine Volodymyr Zelensky and Interior Minister Arsen Avakov. “Currently we are at war and we all want this war to be over. We understand that yours is a very serious role because after the end of the war, when we have definitely reclaimed our territories, you will have a very serious responsibility… The war of demining will continue,” Zelensky said at the ceremony.
Modern equipment and demining robots were purchased for the center, the president’s press service said.
“Currently, 7,000 square kilometers of the Donbas area controlled by Ukraine is set with landmines,” it said.
It was reported that on Saturday Zelensky was visiting Mariupol on the occasion of the fifth anniversary of the city’s liberation.

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DUNAPACK TAVRIA TO INVEST EUR 2 MLN IN CORRUGATED CARDBOARD PROCESSING LINE

The corrugated cardboard box plant Dunapack Tavria (Oleshky, Kherson region) plans to launch another corrugated cardboard processing line with an annual capacity of 16-18 million square meters in August, Dunapack Tavria CEO Kostiantyn Turyhin said at a briefing at the plant on June 11. “Investment in the launch of this line in total with peripherals will be about EUR 2 million,” he said.
According to Turyhin, over the past three years, the demand for corrugated cardboard has increased by 3-7% per year.
At the same time, Dunapack-Tavria said that the waste paper market in Ukraine is very opaque, and the waste paper itself is not enough to ensure the need of Ukrainian enterprises.
As reported, according to the UkrPapir association, in January-April 2019, Dunapack-Tavria increased the production of cardboard boxes 22%, to 22.7 million square meters.
Austrian Dunapack Concern in 2013 opened the Dunapack-Tavria plant in Oleshky (Kherson region) for the production of corrugated packaging, investment in which amounted to EUR 38 million.

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VOLODYMYR ZELENSKY INTENDS TO REVIEW POROSHENKO’S “JUDICIAL REFORM”

Ukrainian President Volodymyr Zelensky has decided to set up a team of experts to assess the results of the “judicial reform” conducted by his predecessor, Petro Poroshenko. “Recently we have been concerned by the situation with various courts (in particular the ‘reformed’ ones) proclaiming rulings which lawyers think were not based on the requirements of the Ukrainian Constitution and the law,” Ruslan Riaboshapka, deputy chief of the presidential administration, said.
The presence of such court rulings was a “glaring testament to the failure of the judicial reform” carried out on Poroshenko’s watch, he said.
“This led the president of Ukraine, Volodymyr Zelensky, to decide to form a group of experts to assess the results of the ‘judicial reform’ and prepare legislative and practical steps to urgently resolve the problems of functioning of the judicial branch of government,” Riaboshapka said.
Both the public and Zelensky’s administration expect a swift and principled reaction from the Supreme Council of Justice to such court rulings, the official said.

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MERKEL TO DISCUSS MINSK AGREEMENTS WITH UKRAINIAN PRESIDENT ZELENSKY

German Chancellor Angela Merkel on June 18 will discuss Minsk agreements and reforms in Ukraine with Ukrainian President Volodymyr Zelensky, official representative of the German government Ulrike Demmer has said. “During the working lunch, politicians will talk about bilateral relations, the implementation of the Minsk agreements, the conflict in the east of Ukraine and the reform process. Then a press conference will be held,” Demmer told reporters.
According to her, for Germany the “Minsk process” to settle the situation in Ukraine is very important.
“You know how important the Minsk process is to us,” she said. Despite the fact that work within the framework of the format at different levels is ongoing, Demmer did not specify the dates of the summit of the leaders of the Normandy Four or a meeting of foreign ministers.
“Work under the Normandy Four is under way, and I cannot tell you about specific events now,” the spokeswoman for the German government said.
Zelensky will also meet President Frank-Walter Steinmeier in Germany.

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NATIONAL BANK OF UKRAINE REGISTERS 11-TH NATIONAL PAYMENT SYSTEM

The National Bank of Ukraine (NBU) has approved the rules of the UAPAY national payment system and placed the information about the system in the register of payment systems, the NBU has reported on its website.
FC UAPAY LLC (Kyiv) is the payment organization of the UAPAY national payment system.
The UAPAY payment system has become the 11th national payment system on the Ukrainian market created by non-bank financial institutions.

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