Business news from Ukraine

Business news from Ukraine

GOVERNMENT APPROVES STATE PROGRAM OF COOPERATION WITH UKRAINIAN DIASPORA WITH UAH 106 MLN FINANCING

The Cabinet of Ministers of Ukraine has approved the state program of cooperation with foreign Ukrainians for the period until 2020 with approximate financing of UAH 106 million. The corresponding decision was made at a government meeting in Kyiv on May 10. It says the aim of the program is to ensure the deepening of cooperation with foreign Ukrainians by increasing the effectiveness of work of the executive bodies with this category of Ukrainians and their public organizations.
The approximate amount of expenditures under this state program is UAH 106 million, in particular UAH 98 million at the expense of the national budget, UAH 7.8 million from local budgets, and UAH 200,000 from other sources.
So, in 2018 it is planned to spend UAH 33.7 million on the program, some UAH 36 million in 2019, and UAH 36.3 million in 2020.
It is expected that the implementation of this program will create conditions for consolidation of efforts of foreign Ukrainians to promote an independent, democratic and rule-of-law state in Ukraine; will confirm the positive image of Ukraine in the world; will support the European integration of the country; contribute to strengthening the cultural, informational and linguistic needs of foreign Ukrainians; will ensure the preservation and development of the Ukrainian language abroad

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EU ANTI-CORRUPTION INITIATIVE EKA TKESHELASHVILI STATES IMPORTANCE OF CREATING ANTI-CORRUPTION COURT IN UKRAINE

Head of the EU Anti-Corruption Initiative Eka Tkeshelashvili has said she is convinced that without an Anti-Corruption Court the system of fighting corruption in Ukraine cannot be as effective as possible and justify all expectations. She said in an interview with the Interfax-Ukraine news agency that the Anti-Corruption Court is a key link in the fight against corruption and that the need to create it in full accordance with the recommendations of the Venice Commission had been repeatedly stressed by European partners.
Tkeshelashvili noted that the recommendations of the Venice Commission still remain a “stumbling block” in the drafting of a respective bill for second reading.
This is not just any wish on the part of Ukraine’s partners, this is a well-balanced vision of what elements must be included in this law so that the court could be really independent, effective and fulfill its role, she said.
Tkeshelashvili stressed that the fight against corruption was important, including to ensure security in Ukraine.

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38% MOLDOVANS NAME RUSSIA BEST FRIEND, UKRAINE GETS ONLY 2%

Moldova’s integration with the European Union is favored by 38% of the country’s citizens; with the Eurasian Economic Union, by 34%, according to the findings of a social survey unveiled by the Centre for Sociological Research of Moldova (CCSM) at a press conference on Friday. Another 22% said Moldova should unite with Romania, the pollster said. At the same time, more than half of respondents (54%) opposed Moldova’s accession to NATO, 24% backed the idea, and 22% were still undecided.
Asked who is Moldova’s best friend, 38% named Russia, 37% Romania, 8% Germany, 5% the United States, and 2% named Ukraine. Other countries were cited by a combined 10%.
At the top of a rating of trusted foreign leaders is Russian President Vladimir Putin (57%), followed by Romanian ex-president Traian Basescu (49%), Belarusian leader Alexander Lukashenko (34%), German Chancellor Angela Merkel (27%), Georgian ex-president Mikheil Saakashvili (17%), U.S. President Donald Trump (15%), Ukrainian President Petro Poroshenko (10%) and French President Emmanuel Macron (9%).
The survey was conducted among 750 respondents in Chisinau on April-30 – May 8. The margin of error is 3%.

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SILVANO FASHION GROUP FROM ESTONIA RAISES SALES IN UKRAINE BY 26% IN 2018

AS Silvano Fashion Group (SFG, Tallinn), engaged in sewing and selling women’s underwear under the trademarks Milavitsa, Alisee, Lauma and Laumelle, in the first quarter of 2018 increased sales in Ukraine by 26.3% compared with the first quarter of 2017, to UAH 25.54 million. The company noted in a report on the Warsaw Stock Exchange, due to the strengthening of the euro to U.S. dollar exchange rate, in euros its Ukrainian revenue increased by 9%, to EUR760,000.
According to the report, the network of franchise stores in Ukraine during the reporting period remained unchanged and totaled 50 points.
In 2017 the group’s sales in Ukraine grew by 58.8%, to UAH 75.2 million, and in euros by 52.5%, to EUR2.53 million
Revenues in Russia increased at a higher rate, by 27.9%, to EUR10.33 million, while revenues in other markets fell, in particular in Belarus by 13.7%, to EUR3.63 million.
As a result, Ukraine’s share in total revenue for the first quarter of this year increased to 4.7% from 4.1% in the past year and 2.9% in 2016.
EBITDA of the company for the reporting period increased by 91.5%, to EUR5.57 million, and net profit amounted to EUR4.06 million against EUR110,000 in the first quarter of last year.
The production facilities of the group unite Milavitsa factory in Minsk (Belarus) and Lauma Lingerie factory (Latvia).

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185 RESIDENTS OF LVIV REGION BECOME MILLIONAIRES IN 2017

Ukraine’s State Fiscal Service’s press office has said 185 residents of Lviv region in 2017 registered net worth exceeding UAH 1 million or more. Most of the millionaires live in the region’s capital – 113, followed by the district center of Stryi – 11 and Truskavets – 7.
The total of declared assets was UAH 900.4 million. The millionaires are obliged to pay UAH 25 million extra on personal earnings and UAH 3.3 million in military tax.
The region’s millionaire total increased by 36, compared to last year.
Some 41 millionaires made their fortune selling property, from interest and dividends – 30, salary – 28 and investments – 27.

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3.5 MLN UKRAINIANS CHOOSE FAMILY DOCTOR

Over 3.5 million Ukrainians have already chosen a family doctor, the Ukrainian Health Ministry’s press service has reported. A report posted on the official website of the electronic health system says that 3,643,778 people have already chosen a family doctor as of 21:00 on Friday, May 11. Patients selected a doctor from more than 20,000 specialists registered in the electronic health system.
The greatest number of declarations with doctors was signed in Kharkiv region – 404,500, in the city of Kyiv – 326,020, in Vinnytsia region – 298,754, in Dnipropetrovsk region – 282,835, and in Donetsk region – 267,681.