Business news from Ukraine

Business news from Ukraine

PM Narendra Modi: India’s G20 Presidency and Dawn of New Multilateralism

Today marks 365 days since India assumed the G20 Presidency. It is a moment to reflect, recommit, and rejuvenate the spirit of ‘Vasudhaiva Kutumbakam, ‘One Earth, One Family, One Future.’

As we undertook this responsibility last year, the global landscape grappled with multifaceted challenges: recovery from the Covid-19 pandemic, looming climate threats, financial instability, and debt distress in developing nations, all amid declining multilateralism. In the midst of conflicts and competition, development cooperation suffered, impeding progress.

Assuming the G20 Chair, India sought to offer the world an alternative to status quo, a shift from a GDP-centric to human-centric progress. India aimed to remind the world of what unites us, rather than what divides us. Finally, the global conversation had to evolve – the interests of the few had to give way to the aspirations of the many. This required a fundamental reform of multilateralism as we knew it.

Inclusive, ambitious, action-oriented, and decisive—these four words defined our approach as G20 president, and the New Delhi Leaders’ Declaration (NDLD), unanimously adopted by all G20 members, is testimony to our commitment to deliver on these principles.

Inclusivity has been at the heart of our presidency. The inclusion of the African Union (AU) as a permanent member of the G20 integrated 55 African nations into the forum, expanding it to encompass 80% of the global population. This proactive stance has fostered a more comprehensive dialogue on global challenges and opportunities.

The first-of-its-kind ‘Voice of the Global South Summit,’ convened by India in two editions, heralded a new dawn of multilateralism. India mainstreamed the Global South’s concerns in international discourse and has ushered in an era where developing countries take their rightful place in shaping the global narrative.

Inclusivity also infused India’s domestic approach to G20, making it a People’s Presidency that befits that world’s largest democracy. Through “Jan Bhagidari” (people’s participation) events, G20 reached 1.4 billion citizens, involving all states and Union Territories (UTs) as partners. And on substantive elements, India ensured that international attention was directed to broader developmental aims, aligning with G20’s mandate.

At the critical midpoint of the 2030 Agenda, India delivered the G20 2023 Action Plan to Accelerate Progress on the Sustainable Development Goals (SDGs), taking a cross-cutting, action-oriented approach to interconnected issues, including health, education, gender equality and environmental sustainability.

A key area driving this progress is robust Digital Public Infrastructure (DPI). Here, India was decisive in its recommendations, having witnessed the revolutionary impact of digital innovations like Aadhaar, UPI, and Digilocker first-hand. Through G20, we successfully completed the Digital Public Infrastructure Repository, a significant stride in global technological collaboration. This repository, featuring over 50 DPIs from 16 countries, will help the Global South build, adopt, and scale DPI to unlock the power of inclusive growth.

For our One Earth, we introduced ambitious and inclusive aims to create urgent, lasting, and equitable change. The Declaration’s ‘Green Development Pact’ addresses the challenges of choosing between combating hunger and protecting the planet, by outlining a comprehensive roadmap where employment and ecosystems are complimentary, consumption is climate conscious, and production is planet-friendly. In tandem, the G20 Declaration calls for an ambitious tripling of global renewable energy capacity by 2030. Coupled with the establishment of the Global Biofuels Alliance and a concerted push for Green Hydrogen, the G20’s ambitions to build a cleaner, greener world is undeniable. This has always been India’s ethos, and through Lifestyles for Sustainable Development (LiFE), the world can benefit from our age-old sustainable traditions.

Further, the Declaration underscores our commitment to climate justice and equity, urging substantial financial and technological support from the Global North. For the first time, there was a recognition of the quantum jump needed in the magnitude of development financing, moving from billions to trillions of dollars. G20 acknowledged that developing countries require $5.9 trillion to fulfil their Nationally Determined Contributions (NDCs) by 2030.

Given the monumental resources required, G20 emphasised the importance of better, larger, and more effective Multilateral Development Banks. Concurrently, India is taking a leading role in UN reforms, especially in the restructuring of principal organs like the UN Security Council, that will ensure a more equitable global order.

Gender equality took centre stage in the Declaration, culminating in the formation of a dedicated Working Group on the Empowerment of Women next year. India’s Women’s Reservation Bill 2023, reserving one-third of India’s Parliament and state legislative assembly seats for women epitomizes our commitment to women-led development.

The New Delhi Declaration embodies a renewed spirit of collaboration across these key priorities, focusing on policy coherence, reliable trade, and ambitious climate action. It is a matter of pride that during our Presidency, G20 achieved 87 outcomes and 118 adopted documents, a marked rise from the past.

During our G20 Presidency, India led deliberations on geopolitical issues and their impact on economic growth and development. Terrorism and the senseless killing of civilians is unacceptable, and we must address it with a policy of zero-tolerance. We must embody humanitarianism over hostility and reiterate that this is not an era of war.

I am delighted that during our Presidency India achieved the extraordinary: it revitalised multilateralism, amplified the voice of the Global South, championed development, and fought for the empowerment of women, everywhere.

As we hand over the G20 Presidency to Brazil, we do so with the conviction that our collective steps for people, planet, peace, and prosperity, will resonate for years to come.

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Shareholders of Gliny Donbassa will select audit company to audit financial statements for 2023

The shareholders of Gliny Donbassa PrJSC (Shlyakhove village, Donetsk region) intend to select an audit company to audit the financial statements for 2023.

“To select and appoint an audit entity to provide services for the statutory audit of the company’s financial statements for the year 2023 (for the period from January 1, 2023 to December 31, 2023),” reads the agenda of the extraordinary shareholders’ meeting scheduled for December 29, which will be held offline.

As reported, in 2022, Donbass Clays reduced its net profit by 9.4 times compared to 2021 – to UAH 32.217 million from UAH 302.512 million, with retained earnings at the end of the year amounting to UAH 228.193 million.

Hlyny Donbassa was established in 1995. The company is engaged in the extraction and supply of clays and composites from deposits in Donetsk Oblast.

As reported, at the end of 2015, the Dutch Watts Blake Bearne International Holdings B.V., a part of the British Watts Blake Bearne (the world’s largest producer of lump clay – IF-U), increased its stake in the authorized capital of Donbass Clay PJSC to 99% from 49%.

According to the fourth quarter of 2022, Watts Blake Bearne International Holdings B.V. owns 99% of the company.

The authorized capital of Gliny Donbassa PrJSC amounts to UAH 526.9 thousand.

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SE SETAM sells property complex in Vinnytsia region

The Enforcement Division of the State Enforcement Service Department of the Ministry of Justice of Ukraine has put up a single property complex in Vinnytsia region for sale at an electronic auction on OpenMarket (SE SETAM of the Ministry of Justice of Ukraine). The starting price including VAT is UAH 78,697,765.

The lot includes:
– Complex of buildings and structures.
Total area: 27,129.60 sq. m.
Location: Vinnytsia region, Trostyanets district, Trostyanets village.

– A complex of buildings and structures.
Total area: 137,70 sq. m.
Location: Vinnytsia region, Trostyanets district, Severinivka village.

– Complex of buildings and structures.
Actual area subject to additional information: 1 817.40 sq. m.
Location: Vinnytsia region, Trostyanets district, Trostyanets town.

– Land plot.
Total area: 5.5716 hectares.
Cadastral number: 0524155100:01:001:0002.
Purpose: for the enterprise of other industry.

– Land plot.
Total area: 8.8779 hectares.
Cadastral number: 0524155100:02:012:0022.
Purpose: for the enterprise of other industry.

– Land plot.
Total area: 0.0486 hectares.
Cadastral number: 0524155100:02:012:0016.
Purpose: for the enterprise of other industry.

– Land plot.
Total area: 3.3885 hectares.
Cadastral number: 0524183200:01:002:0002.
Purpose: enterprises of other industry (location of water intake).

– 421 items of movable property (equipment) and 61 units of vehicles.
A full list of the described movable property can be found in the “Attachments” column. The lot is subject to a mortgage.

“The single property complex has been re-launched for the second auction, so the lot is discounted by 15% from the first one. The lot includes not only real estate, but also specialized food processing equipment, electrical equipment, as well as working machines and equipment of the meat processing plant. You can take part in the auction on December 13 by pre-registering for the auction and paying the guarantee fee,” said Oleksandr Mamro, CEO of SE SETAM.

For more information, please follow the link: setam.net.ua/auction/537220

The OpenMarket auction (SE SETAM of the Ministry of Justice of Ukraine) is a simple and effective means of selling and purchasing property via the Internet. The online auction has been operating throughout Ukraine since 2014. The total amount of sales since its launch is UAH 21.4 billion.

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Greece insists on return of Parthenon sculptures from UK

Greek Foreign Minister Yorgos Gerapetritis said on Wednesday that the return of the Parthenon sculptures by the United Kingdom is a matter of justice and ecumenical cultural values, EFE news agency reports.

“I have to say that the return of the Parthenon sculptures is a demand based not only on history, not only on justice, but also on the principles of preserving cultural values,” Gerapetritis said upon arrival at a meeting of NATO foreign ministers in Brussels.

The issue of Greek sculptures stored in the UK has recently caused a sharp deterioration in relations between Athens and London.

The day before, British Prime Minister Rishi Sunak canceled a meeting with Greek Prime Minister Kyriakos Mitsotakis, who was visiting London. The Guardian, citing sources, reports that “the meeting became impossible” after Mitsotakis called for the sculptures to be returned to Athens.

“I would like to express my irritation that the British Prime Minister canceled our planned meeting a few hours before it was to take place,” Mitsotakis said.

On Sunday, Mitsotakis gave an interview to the BBC, in which he reiterated his long-standing call for the return of ancient cultural monuments from the Parthenon to Greece, which are currently in the British Museum.

Sunak has repeatedly emphasized that he would not support a change in the law adopted in 1963, which prohibits the British Museum from “parting” with exhibits from its collection.

For many years now, Greece has been demanding that London return dozens of marble sculptures from the Parthenon, which were taken out of Greece in the early 19th century by British diplomat Lord Elgin when it was part of the Ottoman Empire.

In 1816, the British Museum acquired the ancient Greek art.

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203 thousand doses of Pfizer COVID-19 vaccine delivered to Ukraine for free vaccinations

Ukraine has received 203 thousand doses of Pfizer’s COVID-19 vaccine, adapted to protect against the Omicron strain, for free vaccinations from the United Nations Children’s Fund UNICEF as part of the international COVAX initiative.

According to the Ministry of Health on its website, the vaccine will be distributed to all regions. The storage and transportation of vaccines will be ensured by specialists of the regional centers for disease control and prevention (CDC) in compliance with the requirements of the cold chain.

The vaccine is intended for booster vaccination of those who have already received the primary COVID-19 vaccination.

According to Ihor Kuzin, Deputy Minister of Health, Chief State Sanitary Doctor of Ukraine, more than 13 strains of the SARS-CoV-2 virus are currently circulating in Ukraine, and all detected mutations are deviations from the Omicron strain.

In total, since the beginning of the epidemic season in Ukraine in October, more than a million Ukrainians have fallen ill with SARS, influenza and COVID-19.

The general recommended course of primary vaccination against COVID-19 and the first booster is three vaccinations. The first booster is administered five months after the initial vaccination.

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Production of prostheses is increasing in Ukraine

Ukrainian enterprises are now producing two thousand lower limb prostheses and 200 upper limb prostheses in one month, according to Oksana Zholnovych, Minister of Social Policy of Ukraine.

“On average, according to the statistics collected, all enterprises produce more than 2,000 lower limb prostheses and about 200 upper limb prostheses per month,” Zholnovych said during a national telethon on Wednesday.

According to her, almost 80 enterprises are engaged in the production of prostheses in Ukraine, while at the beginning of the full-scale invasion there were about 40 of them. The head of the department also noted that not only the number of enterprises has increased, but also the production volumes of the previously operating ones.

“They are now working to the maximum. I think they will continue to expand. But I would not say that there are long waiting lists (for prostheses – IF-U),” the minister added.

Zholnovych also noted that over 20 thousand people, both civilians and military, have been prosthetized in Ukraine over the past two years.

As reported, in October, the website of the Ministry of Social Policy launched an information panel with a list of prosthetic companies and other manufacturers of rehabilitation aids.

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