The Cabinet of Ministers has included Panama in the list of offshore zones.
The government made the relevant decision at a meeting on Wednesday.
According to an explanatory note, Panama earlier was put on the list of the EU offshore zones.
One more commercial special flight to Ukraine was done on May 26 to bring Ukrainian citizens home during the quarantine.
“Another 277 citizens come back home from the United States. A special commercial plane brought people from New York. This is the ninth special flight organized by Ukraine during the quarantine,” Embassy of Ukraine in the United States reported on Facebook.
The COVID-19 pandemic pushes for cash to go to “normal Fintech,” in particular, the development of digital currencies of central banks, Economist and Professor at the Institute of Sciences Po Sergei Guriev has said. “The future is in the digital currencies of central banks. Central banks will gradually move away from cash, you will have Fintech in hryvnias… Everyone will have an account with the central bank,” he said during a public interview organized by the Kyiv School of Economics.
Guriev added that this trend is a challenge for commercial banks.
“You will have an electronic hryvnia. You will no longer have the cash hryvnia,” he said.
Previously, central banks argued that cash should be avoided by the need to combat the shadow economy, but in the current conditions, the pandemic pushes to it.
“Now it’s clear that this pandemic is not the last. And cash is a source of infection. Therefore, the transition to digital payments will accelerate. But it will not be bitcoin, it will be a normal Fintech,” the economist said.
National bank of Ukraine’s official rates as of 27/05/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of May 27
One troy ounce=31.10 grams
Smart Maritime Group (SMG) of Smart-Holding, combining Kherson and Mykolaiv shipyards, earlier planned in 2020 to increase revenue from sales of products by about 20% compared to 2019, to UAH 600 million from more than UAH 500 million, however, due to the deterioration of the situation production volumes may decrease.
According to Dmytro Krasnikov, the CEO of Smart Maritime Group, the key task was to develop an updated business development strategy in two main areas: maintaining and developing the company’s main profile – shipbuilding and ship repairs, as well as diversification of activities involving all the existing potential of our shipyards.
According to him, the company has expertise in the manufacture of large metal structures, its specialized unit previously participated in a number of projects for the development of road infrastructure in Ukraine, was involved in the manufacture of equipment for mining and processing plants. This is one of the promising areas. The development of the strategy is at the final stage, in the near future it will be submitted for approval to the management company Smart-Holding.
The company strengthens the team, expects the arrival of several top managers in sales and human resources.
Concerning the influence of coronavirus on the company’s work, its head pointed to a decrease in economic activity, there is a lack of liquidity in the market, many clients do not have funds to finance repairs and work. The volume of orders is declining, many contractors, especially from Europe, took a break. General uncertainty leads to the fact that investment projects are frozen.
Given this, SMG adopted a cost-cutting program if the situation drags on for a long time, although it is forecasted that by the third quarter the economic activity of all entities, including the company’s customers, will begin to recover.
