The National Bank of Ukraine has excluded one pawnshop, three financial companies and one credit union from the State Register of Financial Institutions due to the cancellation of all available licenses. The following companies were excluded from the state register: Novy Lombard LLC @VERS and Company, Suplayerplus Ukraine LLC, Valta Group FC LLC, Fastlane FC LLC.
In addition, the NBU revoked the licenses for financial services activities and excluded CS Alternative from the State Register of Financial Institutions on the basis of its own application.
KC “Alternativa” had two licenses to provide financial services: to lend funds, including on the terms of a financial loan, and to attract financial assets with an obligation for their subsequent repayment.
The volume of CC assets as of October 1, 2023 amounted to UAH 2,112 million (0,15% of the total volume of the credit union market).
Such decisions were made by the Committee for Supervision and Regulation of Non-Banking Financial Services Markets at its meeting on December 8, 2023.
Fastlane FC LLC, LLC @VERS and Company, Novy Lombard, Suplayerplus Ukraine LLC, The National Bank of Ukraine, Valta Group
Kyivstar specialists and our partners have done everything possible to restore the network from the consequences of an unprecedented cyberattack for the global telecom.
As of 18.00 on 13.12.2023, our specialists have started to restore voice communication throughout Ukraine. The restoration of services will be gradual, so short-term difficulties are still possible until the end of the day. In this case, we recommend that subscribers restart their phones and disable the VoLTE service in the phone settings.
Currently, the company’s specialists are working to restore data and SMS services and we hope that they will also be restored within a day.
After the network is fully restored and stabilized, Kyivstar will start preparing and providing compensation to all subscribers and corporate clients who could not use the company’s services due to the hacker attack.
Dear friends, we are incredibly grateful for your support! We continue to work 24/7 to keep Ukraine connected
The cargo turnover of the Danube Region seaports in January-November 2023 reached 29.4 million tons, which is more than double the figure for the same period in 2022 (14.5 million tons), said Yuriy Lytvyn, Chairman of the Ukrainian Sea Ports Authority, at the final meeting of the team of the Ministry of Community, Territorial and Infrastructure Development on Tuesday.
According to Lytvyn, the number of vessels handled in the Danube ports in 11 months of this year increased by 68.6% – from 8,944 thousand to 13,045 thousand, while in 11 months of 2021 there were 3,252 thousand.
The Head of USPA clarified that almost half of the cargo turnover – 14.1 million tons – was grain, another 2.6 million tons – vegetable oil, 1.9 million tons – oil products, 1.7 million tons – ore, and another 9 million tons – other cargo.
He also noted that in 11 months of 2013, 23 new terminals and 20 new transshipment points were opened in the Danube ports, and the number of pilots increased from 14 to 78.
The conference noted that the Ukrainian corridor under the control of the Ukrainian Navy in the Black Sea ports of Greater Odesa (Odesa, Chornomorsk, Pivdennyi), which became fully operational in August-September, handled 6.4 million tons of cargo as of November, including 4 million tons in November.
Lytvyn added that in the first 11 months of 2023, all Ukrainian ports handled 52.8 million tons of cargo, up from 45.6 million tons in 2022, including 47.9 million tons of exports and 4.6 million tons of imports.
NovaPay payment system is launching a beta version of a mobile application that will allow customers to open a payment account, issue a virtual card, and conduct financial transactions with it.
“Customers will receive a 20% discount, which can be used to pay for shipments, parcel receipt, and cash on delivery. At the same time, all the usual money transactions and quick registration are available in the app,” the company explained in a press release on Wednesday.
According to NovaPay, account opening, maintenance, payments, transfers, and cash withdrawals up to UAH 100 thousand are now free of charge, while only domestic payments and transfers are available.
“…it is not yet possible to pay abroad with a NovaPay card, pay for goods on foreign websites, or pay for services of companies not registered in Ukraine,” the release says.
It is noted that the application allows you to make transfers to cards and accounts using the details, issue parcels on credit (through the subsidiary NovaPay Credit LLC – IF-U), pay for utilities, replenish your mobile account, receive cash on delivery for parcels on the card, and send a transfer from the card to a Nova Poshta branch.
According to the release, in order to use the NovaPay app, customers need to register with Diia, and soon it will be possible to do so at Nova Poshta (NP) outlets.
In addition, through the app, you can order a plastic payment card from MasterCard and receive it at the nearest branch or post office with free delivery.
“This became possible thanks to an extended license from the NBU; currently, NovaPay is the only Ukrainian fintech company to have received it. The limited beta version is already available for download on Google Play,” the press service summarized.
Founded in 2001, NovaPay is an international financial service that is part of the Nova Poshta group of companies and provides online and offline financial services in more than 3,500 NP branches. According to its website, the company employs about 13 thousand people in 24 branches across Ukraine.
According to the NBU, the company accounts for 35% of total domestic money transfers and is the leader in domestic money transfers, but the share of transfers made through it has decreased from 45% in May-December 2022.
Forecast of changes in discount rate of National bank of Ukraine, %
Source: Open4Business.com.ua and experts.news
Ukraine and Turkey will ratify the Free Trade Agreement (FTA) in the near future, and after the ratification procedure is completed, the document will enter into force in early 2024, the Economy Ministry said on Wednesday following a meeting between First Deputy Prime Minister and Economy Minister Yulia Svyrydenko and the new Turkish Ambassador Mustafa Levent Bilgen the day before.
“The free trade agreement will also simplify logistics issues, promote the development of Ukrainian business in wartime, and open new prospects in Ukraine for our partners from Turkey,” Svyrydenko was quoted as saying in a press release.
She added that a working group on grain will be set up to discuss global and bilateral trade in this market.
“Ukraine highly appreciates Turkey’s participation in protecting the grain export initiative, which is an important factor in ensuring global food security,” the First Deputy Prime Minister said.
It is noted that the parties are also ready for a constructive dialogue on expanding economic cooperation, in particular, the creation of joint projects in priority sectors of the economy. Strategically important sectors for restoring and attracting private investment are defense, agricultural production and processing, renewable energy, gas production and storage, green metallurgy, environmentally friendly transport, healthcare, and pharmaceuticals.
Svyrydenko added that Ukrainian entrepreneurs are ready to establish joint business with international partners, so the government is using every opportunity to attract additional resources, including for the post-war reconstruction of Ukraine.
“Humanitarian demining is another important area. We need heavy demining vehicles, training for sappers, everything that will help us clear our land as soon as possible. We are open for cooperation and encourage international business to enter Ukraine,” the First Deputy Prime Minister said.
As reported, following 12 rounds of negotiations and a series of expert consultations in 2011-2022, Prime Minister of Ukraine Denys Shmyhal and Turkish Trade Minister Mehmet Mush signed an FTA between the two countries in Kyiv on February 3, 2022. The document will enter into force after ratification by the parliaments of both countries and the exchange of instruments of ratification.
