The National Bank of Ukraine (NBU) has stated the requirement for the mandatory sale of export earnings could be cancelled, governor of the central bank Yakiv Smolii has said.
“As market conditions develop, we think we’ll cancel this rule,” he said at a conference of the American Chamber of Commerce in Kyiv.
As reported, the National Bank of Ukraine in early February 2019 announced the decision to reduce the norm for the mandatory sale of export earnings from 50% to 30% from March 1.
On March 5-6, the main event of the milk production market will take place at the International Exhibition Center (IEC).
The XII International Dairy Congress is the place, that every spring brings together more than 1,500 dairy business participants to discuss key industry issues. Among the invited this year there are:
– Industry experts: Andriy Dykun, the chairman of the Ukrainian Agri Council (UAC); Mikhail Sokolov, deputy chairman of the UAC; Hanna Lavreniuk, vice-president of the Association of milk producers (AMP); Andriy Yarmak, Investmant Officer for Food and Agriculture Organization of the United Nations (FAO), and others;
– – representatives of the Government: Olga Trofimtseva, acting Minister of Agrarian Policy and Food of Ukraine; Volodymyr Topchiy, Deputy Minister of Agrarian Policy and Food of Ukraine; Olena Alshanova, Head of the Department of Animal Husbandry Development, Ministry of Agrarian Policy and Food of Ukraine; Volodymyr Lapa, chairman of the State Service of Ukraine for Food Safety and Consumer Protection, etc.;
– representatives of the embassies of Austria, the Netherlands, France, Canada, USA, Israel and other countries.;
– representatives of international organizations: USAID, IFC, FAO, EBRD, etc.;
– People’s deputies: Ivan Miroshnichenko, Sergei Labasiuk, Tetyana Ostrikova, Olexander Bakumenko, Oleh Kulinich, Serhiy Leshchenko, Valeriy Davydenko, Nina Yuzhanina and others;
– owners and managers of the country’s leading farms;
– media representatives.
The main issues that will be discussed during the congress are:
Land market and animal husbandry.
State support of animal husbandry in Ukraine. What is needed for the sustainable development of the dairy industry?
The way to export through cooperation.
The transition to European standards of safety and quality of milk – milk ghetto or among world leaders?
Results of the national dairy industry and key areas of development for 2019.
World Milk Market and Ukrainian perspective: supply-demand balance, prices and cost, forecasts.
Not by milk alone: where to find additional reserves for dairy farm profitability?
Technologies of milk production and management of modern dairy farm.
This year, in addition to the usual exchange of experience, the Veterinary Conference “Veterinary provision of dairy farming” will take place at the Congress.
Congress organizers: Association of milk producers (AMP), Ukrainian Agri Council (UAC) and Dykun Company.
Vega, a large Ukrainian telecoms operator, in 2018 received UAH 641.3 million of net income, which is 3.79% more than in 2017, the company has reported.
According to the operator’s press release, EBITDA reached UAH 164.9 million, which is 49% more than last year. Also, in 2018, the company managed to increase ARPU (the average revenue per user) by 20%, in particular, Internet access services using the FTTx connection technology by 28%.
During the reporting period, the subscriber base of Vega, as compared with 2017, increased in Voice VoIP (Voice over Internet Protocol) by more than 10%.
“Last year, we strictly followed the given strategic vector associated with the transition to modern services. This year, the company will continue to actively modernize its networks: replacing copper with optics, and digitizing its business, introducing new services based on digital technologies,” Vega CEO Murat Chynar said.
In 2018, the company’s capital investments remained at the level of 2017 and amounted to UAH 97.4 million.
Marka Ukraine (Kyiv), the office representative of the British Marks & Spencer brand in Ukraine, early February opened a new store in the French Boulevard shopping center in Kharkiv.
“We are pleased to reopen the doors of our store for Kharkiv citizens. Opening a new store in the city was a priority in 2018,” Marka Ukraine’s press service reported, citing CEO Bulent Temel.
Before the crisis in Ukraine, the Marks & Spencer store operated in Kharkiv in the Karavan shopping center, but was subsequently closed.
According to the press release, the area of the new store is 500 square meters.
The Marks & Spencer network as of February 2019 is represented in Ukraine by five stores in Kyiv, one each – in Dnipro, Odesa, Lviv and Kharkiv.
Marka Ukraine LLC was created in 2006. It is fully owned by concern Fiba (Turkey). The company is developing a network of stores Marks & Spencer in the franchise segment in Ukraine.
The State Fiscal Service of Ukraine in January 2019 issued 9,707 EUR.1 movement certificates that allow goods of Ukrainian origin benefiting from favorable trade terms under a preferential trade policy of the EU, the authority has reported on its website.
The authority said that in general, during the 2016-2018 years, customs officers issued 219,000 certificates.
“As of February 1, 2019, the status of an authorized exporter has been granted to 231 enterprises, which export their products to EU countries on preferential terms,” the State Fiscal Service said.
The authority reminded that in order to be granted with the preferential access to the EU market as part of a free trade area between Ukraine and the EU, a company must confirm the origin of goods from Ukraine and receive the EUR.1 movement certificate.
The State Fiscal Service has been issuing these documents since 2016 free of charge for each consignment of goods when exported to the EU. At the same time, the status of an authorized exporter lifts the requirement to receive the certificate, the authority said.
In addition, the requirement for having the EUR.1 movement certificate does not apply to goods with a total invoice value no higher than EUR 6,000, and also, if these are goods to which the EU applies a zero import duty rate.
The Cabinet of Ministers of Ukraine has approved a draft framework agreement with the government of Denmark regarding the general conditions and rules, organization measures and financial conditions of the implementation of the Danida Business Finance programme in Ukraine.
The respective government resolution was approved at a meeting on February 20.
“In order to strengthen cooperation between the government of Ukraine and the Kingdom of Denmark, the Ministry of Foreign Affairs of Denmark, under Danida Business Finance, agreed to provide funds to invest in sustainable infrastructure projects that are implemented by Danish suppliers,” according to the framework agreement, which is available to Interfax-Ukraine.
This program involves the provision of interest-free loans by the Kingdom of Denmark to the Government of Ukraine, or economic entities under government guarantees, to finance projects related to renewable energy, energy efficiency, water supply and water treatment.
The direct creditor will be a commercial bank or a financial institution with a representative office in the Kingdom of Denmark, which has concluded an agreement with the Danish Ministry of Foreign Affairs.
The projects will be selected in accordance with the Ukraine 2020 Sustainable Development Strategy and approved by the Danida Program Committee under the Ministry of Foreign Affairs of Denmark.
The benchmark cost of one project is EUR 100 million. Projects worth less than EUR 13.5 million are not eligible for financing, except for separately selected projects. A loan can cover up to 100% of the value of the facility, and no less than 35%.
Along with the financing fee, there is also no export credit premium and bank margin. Borrowing will be provided in euros or U.S. dollars. The repayment period is up to 10 years after the completion of a facility, for which the loan is taken.
Danida Business Finance provides soft loans for funding of sustainable infrastructure projects in energy, water and sanitation, which cannot otherwise be financed on commercial terms in developing countries tied to transfer of technology and knowhow through Danish companies. Danida Business Finance offers technical assistance and support to authority-to-authority cooperation, if necessary, to transfer institutional knowledge in the relevant sector area.
