Business news from Ukraine

Business news from Ukraine

Geographic structure of Ukraine’s foreign trade (trade volume) in Jan-July 2024, thousand USD

Geographic structure of Ukraine’s foreign trade (trade volume) in Jan-July 2024, thousand USD

Open4Business.com.ua

Tango Night was held in Kyiv with support of Embassy of Argentina in Ukraine

On October 25, 2024, the Kyiv National Academic Operetta Theater hosted the Argentine Tango Evening, a joint international project with the participation of Argentine and Ukrainian artists. The event was organized with the support of the Embassy of the Argentine Republic in Ukraine and brought together numerous fans of Argentine culture who had the opportunity to enjoy the skills of dancers, musicians, and singers.
“It is a great honor for me to be here today at the Kyiv Opera House, where we can present the richness of the Argentine tango and also show our cultural ties with Ukraine. This event is a testament to the cultural diplomacy that unites our peoples and promotes mutual understanding,” said Ambassador of Argentina to Ukraine Elena Leticia Teresa Mikusinski.
The Ambassador expressed her gratitude to Ukrainian partners, in particular to the General Director of the Kyiv Operetta Bohdan Strutynskyi, whose support was important for the realization of this project.
“Tonight was made possible by the hard work of teams from both countries. Their talent and dedication to tango culture is a valuable contribution to the development of our cooperation. This is not only an artistic event, but also a symbol of our partnership, which will continue in the future,” she added.
The Ambassador paid special attention to the performances of Argentine artists, including dancers Romina Garcia Fleury and Nicolas Correa from Tucumán, as well as the famous tango dancer Analia Celis.
“We are grateful to the Ukrainian people for the hospitality and support that our artists feel here in Kyiv, especially in such difficult times. Such cultural events are an example of the power of art to unite people,” said Jelena Mikusinski.


In conclusion, the Ambassador expressed her hope for further development of cultural ties between Argentina and Ukraine.
“This tango evening is just one of many steps towards a deeper cultural exchange between our countries. We are pleased that Ukraine remains open to Argentine culture,” she concluded.
Famous dancers and choreographers from the city of Tucumán – Nicolás Correa and Romina García Fleury, Argentine tango singer Analia Celis, as well as Ukrainian tenor Yuriy Godo and other artists – performed on stage.
Argentine tango is a unique cultural phenomenon that originated in the late nineteenth century in Buenos Aires and quickly gained popularity around the world. Tango is not only a music and dance style, but also a symbol of Argentine culture that reflects the passion, emotions, and drama of human relationships. This genre of dance and music combines the rich influence of African, Spanish and European rhythms, creating an atmosphere that captivates both the audience and the performers.
The Embassy of the Argentine Republic in Ukraine actively supports cultural exchange and promotes the development of bilateral relations between Ukraine and Argentina. Diplomatic relations between the two countries were established in 1992, when Argentina officially recognized Ukraine’s independence. Since then, the Embassy has been actively working to deepen cooperation in various fields, including culture, education, economy and science.

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Helsinki court grants Naftohaz Ukrayiny’s request to seize certain Russian assets in Finland

The Helsinki District Court has satisfied the petition of Naftogaz Ukrainy and five other companies of the group and seized certain assets owned by Russia in Finland, the company’s press service said on Monday. According to its data, it is about real estate and other assets, which are estimated at tens of millions of dollars.
“This decision is part of Naftogaz’s global strategy to recover compensation for the damage caused by the seizure of assets of group companies in Crimea in accordance with the decision of the Hague arbitration,” the report said.
The company specified that this is also the first publicly known successful seizure of assets outside of Ukraine in fulfillment of the arbitral award on cases on claims of Ukrainian companies to Russia because of the expropriation of property in Crimea in 2014.
The decision is an interim step towards the actual recovery of assets in favor of Naftogaz. At the same time, interest stipulated for non-payment of funds under the arbitration award continues to accrue until the compensation is paid in full.
“Since Russia refuses to voluntarily pay Naftogaz the funds stipulated by the Hague ruling, we continue to use all available mechanisms to recover them. Today we have stood one step closer to restoring justice. At the same time, we are taking active steps to enforce the arbitration award in other target jurisdictions where there are Russian assets,” the head of the group, Oleksiy Chernyshev, said.
In Finland, Naftogaz is being represented pro bono by attorneys Mikko Leppa and Tatu Jaarinen of HPP Attorneys, supported by Covington & Burling, acting as lead legal counsel to coordinate Naftogaz’s international enforcement efforts.
As reported, in October 2016, Naftogaz and its subsidiaries initiated arbitration proceedings against Russia for damages due to the seizure of their assets in Crimea, and in September 2017 an application was filed with the tribunal at the Court of Justice in The Hague.
The Arbitration Tribunal at the Permanent Court of Arbitration in The Hague in April 2023 ordered the Russian Federation to pay Naftogaz Ukrainy $5 billion for damages caused by the seizure of assets of Naftogaz group companies in Crimea in 2014.

https://interfax.com.ua

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German-Ukrainian Defense Industry Seminar DFNC2: German Edition took place

On October 21, the DFNC2: German Edition – German-Ukrainian Defense Industry Seminar was held. The event was organized by the Ministry of Strategic Industries, the Ministry of Defense of Ukraine, the Federation of German Industry (BDI) and the German-Ukrainian Chamber of Commerce and Industry.

The event was organized to provide an opportunity for Ukrainian and German defense companies to agree on cooperation in the defense industry.

“Ukraine is now a country of opportunities. It is here that defense industry trends for the coming decades are set. And new technologies are tested in real combat operations. And, of course, we are ready to share the lessons learned and experience gained with our partners. We already have experience of cooperation with German companies and will be happy to expand it. So we invite our partners to cooperate,” said Herman Smetanin, Minister of Strategic Industries.

The seminar brought together over a hundred participants. These are representatives of 35 Ukrainian companies, including associations, two Ukrainian-German companies and 12 German companies, including associations. More than 100 b2b and b2g meetings were held on the sidelines of the event.

“Strengthening defense and industrial cooperation is vital and in line with the strategic interests of Ukraine and Germany. This opens up great opportunities for innovation,” said Matthias Wachter, Head of International Cooperation, Security, Defense and Space Policy at the German Federation of Industry.

According to Minister Herman Smetanin, Ukraine has a successful experience of cooperation with German companies. This includes the joint venture between Rheinmetall and Ukroboronprom to repair German armored personnel carriers, cooperation with Helsing in the field of artificial intelligence, the opening of the KNDS office, and the production of Quantum Systems, among others. Events such as the German-Ukrainian Defense Industry Seminar DFNC2: German Edition are part of the DFNC ecosystem and contribute to the creation of new cooperation agreements, which the Ministry of Strategic Industries is working on in cooperation with relevant ministries and agencies to strengthen the defense capabilities of the Armed Forces of Ukraine.

Source: https://www.kmu.gov.ua/news/vidbuvsia-nimetsko-ukrainskyi-seminar-oboronnykh-industrii-dfnc2-german-edition

 

IC “Guardian” will insure motor transport of “Kyivpastrans” under MTPL insurance policy

Communal enterprise “Kyivpastrans” has announced its intention to conclude with IC “Guardian” (Kiev) a contract for compulsory insurance of civil liability of owners of land vehicles (MTPL) D2 200 units. As reported in the system of electronic public procurement Prozorro, the expected cost of the purchase of insurance services amounted to UAH 1716 thousand, the company’s price offer of UAH 1710.8 thousand.
The company was the only bidder.
IC “Guardian” is a member of the Presidium of the League of Insurance Organizations of Ukraine. Since January 2020 it has received the status of a full member of the ITSBU, has the right to sell “Green Card” policies.
In October, 2020 by the decision of the general meeting of the members of the Nuclear Insurance Pool of Ukraine IC “Guardian” became its member.

 

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German-Ukrainian Chamber of Commerce and Industry in Ukraine calls for resumption of employee booking

The German-Ukrainian Chamber of Commerce and Industry (AHK Ukraine) reports numerous business problems resulting from the suspension of the electronic staff booking procedure through the Diia portal and joins calls to restore it.

“This decision may have irreversible consequences. The loss of key employees jeopardizes not only business but also the stability of the Ukrainian economy. The uninterrupted operation of companies critical to the country’s functioning is necessary to support both the defense sector and the stability of society as a whole,” Rainer Perau, Chairman of the Board of AHK Ukraine, said in a commentary to Interfax-Ukraine on Monday.

According to the Chamber of Commerce and Industry, the suspension of the booking of Ukrainian workers, despite millions of dollars in investments by German companies to support Ukraine’s economy during the war, threatens business and the stability of strategically important industries. Retail and manufacturing will suffer the greatest losses.

It is emphasized that the suspension of bookings and the chaotic delivery of summonses to already booked employees pose a critical challenge to German companies.

“Enough examples have already been collected: some corporations are already warning of a possible complete cessation of their activities if mobilization covers production, operations or IT departments that manage the infrastructure of the entire Ukrainian network. One of the German companies is sounding the alarm because of the mass mobilization of its employees, who are being issued summonses even though they have reservations,” AHK Ukraine states.

As reported, after the government’s protocol decision of October 8 to audit decisions on recognizing enterprises as critical to the economy, the booking process was effectively paralyzed, which caused protests from many business associations.