Business news from Ukraine

Business news from Ukraine

UKRAINIAN GOLF FEDERATION RESUMES TOURNAMENTS FOLLOWING QUARANTINE MITIGATION

The Ukrainian Golf Federation has resumed golf tournaments following a quarantine mitigation. On Saturday, June 6, the Kozyn Golf Club hosted a women’s golf competition within the Ladies Open Golf Tour. Ukrainian golfers from all over the country gathered on the Kozyn golf course. To support the female athletes, men competed in a separate event.

Olena Rudik ranked first in the tournament, Marina Diachenko – second, Olena Movchan – third, gross score – Olena Movchan. Mariya Orlova won the “closes to the pin” nomination, Yuliya Lishchuk – “longest drive.” Hanna Freydinova came first in the “Junior” category in a special competition.

In the picture: Mykola Proskurko, Oleksandr Yavorsky, Olena Movchan, Olena Rudik, Marina Diachenko, Vitaliy Khomutynnik

In the picture: Mariya Orlova
“The Ukrainian Golf Federation holds the annual series of competitions within its program aimed at the promotion of women’s and junior golf, improvement of players’ skills, cooperation and promotion of golf clubs and courses in Ukraine. This year the finals of the Ladies Open Golf Tour is included to the world golf tournament schedule of the European Golf Association EGA,” President of the Ukrainian Golf Federation Vitaliy Khomutynnik said in his speech to congratulate the winners.
In 2020, the Golf Federation has introduced a range of changes that helped to speed up the development of this kind of sports in the territory of Ukraine, he said, adding that golf has become more affordable.
“Every time I see more and more golfers appearing in our country and golf becoming even more popular, I get an enormous burst of energy and I realize that all the way from an idea to a large golf tournament was not in vain. Unfortunately, COVID-19 slightly changed our plans and our pace, but now “full steam ahead” towards new achievements,” Director of the Open Ladies Golf Tour, Board Member of the Ukrainian Golf Federation Olena Rudik said.

In the picture: Olena Rudik
Famous golfers – boxer Wladimir Klitschko and head coach of the Ukrainian national football team Andriy Shevchenko – also attended the golf tournament.

In the picture: Wladimir Klitschko, Olena Rudik, Hennadiy Butkevych
In October last year, Andriy Shevchenko joined the Board of the Ukrainian Golf Federation.

In the picture: Vitaliy Khomutynnik, Olena Rudik, Andriy Shevchenko

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FLIGHTS BETWEEN UKRAINE AND GREECE TO BE RESUMED FROM JULY 1 IF ONLY STABLE EPIDEMIOLOGICAL SITUATION

Foreign Minister of Ukraine Dmytro Kuleba and Foreign Minister of Greece Nikolas Dendias in a telephone talk expressed a readiness to resume flights between Ukraine and Greece from July 1 under condition of stable epidemiological situation in two countries, the Foreign Ministry of Ukraine. The foreign ministers of the two countries also exchanged experiences on countering the spread of COVID-19 coronavirus and overcoming the consequences of the pandemic.
Dendias invited Kuleba to pay a working visit to Greece, when circumstances allow. Kuleba accepted the invitation.
He congratulated his colleague on the Greek Chairmanship of the Committee of Ministers of the Council of Europe and urged him to give priority to Ukraine’s topics in the focus of attention to this organization. The Greek minister in response assured that Greece has always supported Ukraine’s European integration aspirations.

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STRUCTURE OF EXPORT OF SERVICES IN 2019 (GRAPHICALLY)

Structure of export of services in 2019 (graphically)

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UKRAINE TO APPOINT NEW AMBASSADOR TO FRANCE

Head of the Office of the President of Ukraine Andriy Yermak has said that a new ambassador of Ukraine to France will be appointed next week.
“Finally we will have a new ambassador to France, next week,” he said during a meeting of President of Ukraine Volodymyr Zelensky with businessmen in Khmelnytsky region on Wednesday, when asked by a participant of the meeting to help businesses establish contact with Ukraine’s embassies in a range of countries.
Oleh Shamshur has been working as Ambassador of Ukraine to France since October 2014.

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STATE-CONTROLLED UKRGASBANK WON’T PAY DIVIDENDS FOR 2019

State-controlled Ukrgasbank (Kyiv) does not plan to pay dividends for 2019, according to the agenda of an annual remote meeting of shareholders, scheduled for July 7, posted on the bank’s website.
“Given the restrictions established by Article 31 of the law on joint-stock companies, payment of dividends on Ukrgasbank shares won’t be carried out in 2019,” the document says.
According to the agenda, the supervisory board proposes to distribute the profit received by Ukrgasbank in 2019 in the amount of UAH 1.29 billion as follows: UAH 128.9 million (10%) is to be allocated to the reserve fund, and UAH 1.16 billion (90%) to cover losses of the previous years.
Ukrgasbank was established in 1993. The state represented by the Ministry of Finance owns 94.9409% of the shares of the financial institution.
According to the National Bank of Ukraine (NBU), as of May 1, 2020 Ukrgasbank ranked fourth (UAH 148.589 billion) in terms of total assets among 75 banks operating in the country.

UKRAINE REDUCES SCRAP METAL EXPORTS BY 55%

Ukrainian enterprises in January-May of this year reduced export of scrap metal by 54.8% compared to the same period last year, to 16,489 tonnes (36,515 tonnes were exported in January-May 2019).
According to statistics released by the State Customs Service, in terms of money, scrap exports fell by 58.1%, to $4.181 million.
In January, 2,865 tonnes of scrap metal were exported, in February some 8,014 tonnes, in March 493 tonnes, in April 256 tonnes, and in May 4,861 tonnes.
At the same time, in January-May of this year, the country reduced imports of scrap metal in natural terms by 76.2% compared to the same period last year, to 6,841 tonnes. In monetary terms, this indicator decreased by 49.9%, to $7.411 million.
Scrap metal was imported mainly from Turkey (65.46% of supplies in monetary terms), the Russian Federation (26.52%) and the Netherlands (5.07%), exports were made to Turkey (78.41%), the Netherlands (11.29%), and Germany (7.22%).
In addition, the metal enterprises of Ukraine in January-May 2020 imported 1,602 tonnes of products of direct reduction of iron from ore according to code 7203 (hot briquetted iron), which is a substitute for cast iron and scrap metal, in the amount of $481,000, whereas in January-May 2019 they did not import this product from the Russian Federation and did not export it.

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