The Irish low cost airline Ryanair (Dublin) has asked the passengers before a trip to confirm that they got acquainted with the restrictions introduced in the destination country. “During an online check-in, passengers are directed to the ‘Ryanair COVID-19 travel restrictions page’ where they must confirm that they are familiar with the existing restrictions before receiving a boarding pass,” Interfax-Ukraine was told in Ryanair on Tuesday.
Moreover, the airlines reported that before the trip the passengers were asked to fill and provide additional travel documents.Ryanair advises customers before flying to check the latest travel restrictions and requirements in a particular country.
“The 12 passengers of the Ryanair flight Kyiv-Athens (July 4) were denied entry to Athens in accordance with the current restrictions of the Greek government for non-EU citizens. Affected customers were rebooked for the next available flight to Kyiv,” the airlines said.
As reported, the group of 17 Ukrainians who were not allowed into Greece on Saturday, July 4, are to return to Ukraine on Tuesday, said Head of the Consular Service Department of the Foreign Ministry of Ukraine Serhiy Pohoreltsev.
National bank of Ukraine’s official rates as of 07/07/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of July 07
One troy ounce=31.10 grams
Volume of construction products produced by type in Jan-Apr of 2020 (mln uah)
The European Investment Bank (EIB) will provide Ukraine, Georgia and Moldova with EUR 55 million through ProCredit Bank in the respective countries to support small and medium-sized enterprises (SME) within mitigating the effects of the economic shock, the EIB’s website reports.
“As part of the overall response to COVID-19, the operation will support the financial intermediaries with temporary emergency measures to facilitate the provision of liquidity to SMEs and midcaps and thereby contribute to mitigating the impact of the economic shock,” the report says.
ProCredit Bank in Ukraine was founded in 2001. At the beginning of 2020, its sole shareholder was ProCredit Holding (100% of the shares).
According to the National Bank of Ukraine, as of May 1, 2020 ProCredit Bank ranked 14th among 75 banks operating in the country in terms of total assets (UAH 25.646 billion).
Almost 30% of companies plan to sell their business or their assets in the next six months to a year, while only one in five will do this because of the crisis, according to a survey of 56 companies conducted by Avellum law firm.
“This shows that most large Ukrainian companies have relatively successfully withstood the economic crisis associated with COVID-19,” the study says.
Moreover, more than 60% of companies plan the sale and are ready to lower prices.
“However, in the future, sellers may increase prices for objects of sale, because today the number of potential buyers significantly exceeds the offer,” the authors of the study note.
Some 50% of the representatives of large business polled are ready to buy companies or assets. All of them noted that they expect a discount in price, since weak businesses are usually put up for sale. At the same time, more than 40% of likely buyers are interested in acquiring due to a coronavirus crisis.
“This suggests that a significant part of the companies has opportunistic sentiments and believes in the rise of the Ukrainian economy,” the authors of the study believe.
As the results of the survey showed, more than 60% of potential buyers have not changed their plans to acquire assets in Ukraine, that is, they continue to believe in the attractiveness of the market in this country and see profit in expanding their share in it. The remaining almost 40% refused to buy assets precisely because of the crisis.
The survey also showed that over 60% of companies do not see the need for advisers, since the asset is sold at a discount. This is contrary to the buyers’ expectations regarding guarantees that require the involvement of lawyers.
The survey was conducted online in June 2020 among the owners, top managers and heads of legal departments of Ukrainian and international companies.
