Business news from Ukraine

Business news from Ukraine

World’s oldest woman dies at 118

Maria Branias Morera died in her sleep in the morning at the age of 118, EFE reports. Maria was recognized as the first in the list of long-livers last year. Now the oldest person in the world is 116-year-old Japanese Tomiko Itooka.

Earlier, the family published the woman’s last message: “The time is near. Don’t cry, I don’t like tears. And most importantly, do not suffer because of me. Wherever I go, I will be happy.”

Last year, her daughter explained her mother’s longevity with good genes, DW writes. According to her, Branias has never been hospitalized in her life.

The record for longevity continues to be held by the Frenchwoman Jeanne Kalman, who died in 1997 at the age of 123. She is followed on the list of prominent, but also deceased, long-livers by Japanese Kane Tanaka, who lived 119 years, as well as 119-year-old Sarah Noss from the United States and 118-year-old Frenchwoman Lucille Randon.

EU sees no reason for emergency measures in connection with monkeypox

The EU Health Safety Committee has concluded that there are no grounds to consider the situation in the European Union in connection with the cases of monkeypox an emergency, European Commission (EC) spokesperson Stefan de Kersmaeker said.

“Our approach is based on scientific evidence, and it served as the basis for our discussions at the committee meeting the day before. The European Commission and EU Member States met to discuss the situation and consider how to coordinate the next steps. The Health Safety Committee agreed that there is currently no emergency situation in Europe concerning monkeypox,” the spokesman said at a briefing in Brussels on Tuesday.

He referred to an analysis published on August 16 by the European Center for Disease Prevention and Control, according to which “the overall risk to the population remains low at present.”

The EC representative also said that the committee members agreed on the need for a coordinated approach to this problem and close monitoring of the situation.

Answering a question about the availability of monkeypox vaccines in the EU, de Kersmaeker noted that the COVID-19 pandemic has shown the importance of preparedness for health crises. He said that since 2022, several contracts have been signed with different companies, and these vaccines have already been distributed to Member States.

“Our latest joint framework contract provides for the purchase of up to 2 million doses of vaccines,” the EC representative added.

Monkeypox is a rare viral disease. The infection is accompanied by fever, intoxication, swollen lymph nodes and further spread of the rash – first in the form of spots that transform into bubbles, after opening them, ulcers form, after they heal, crusts form, and when they fall off, scars form. In mild cases, the disease usually resolves on its own and lasts from 14 to 21 days.

Last week, the WHO declared a public health emergency of international concern due to the outbreak of monkeypox in Congo and other African countries. This year, more than 14 thousand cases of the disease have been detected in Congo, with 524 deaths recorded.

Earlier, the Experts Club information and analytical center released a video with a detailed explanation of the origin of the disease and the prospects for its spread – https://youtu.be/YXYU6KcQTcQ?si=wEj2TQc3MPHGx0QY

 

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Germany wants to limit aid to Ukraine

By 2026, Germany aims to reduce its aid to Ukraine, relying on sources other than the federal budget. Capital gains from frozen Russian assets could be one such source.

It came as a shock to Ukraine and to all those who want to support Kyiv unconditionally: the German government apparently wants to end financial aid for military aid to Ukraine from the federal budget after next year and instead tap into an international pot.
The reason for this is the extremely difficult budgetary situation in which the governing coalition of the center-left Social Democratic Party (SPD), the Green Party, and the neoliberal Free Democratic Party (FDP) is struggling to make ends meet.
Finance Minister Christian Lindner (FDP) wrote in a letter to Defense Minister Boris Pistorius (SPD) and Foreign Minister Annalena Baerbock (Greens) that “new measures” involving payment obligations may only be agreed upon if “financing has been secured.”

The German government has allocated €7.5 billion ($8.3 billion) in the 2024 budget for Ukraine, and another €4 billion ($4.4 billion) for 2025. After that, no further money will be earmarked for Ukraine in Germany’s federal budget.
At that point, the money is expected to come from a new source, agreed upon by the representatives of the seven major Western industrialized nations, the G7, in June. At their summit meeting they declared that by the end of the year, around €50 billion ($55 billion) is supposed to have been raised in “additional funds,” not as a substitute for national contributions.
The interest for these loans are to be paid for by, among other things, interest earnings from frozen Russian assets. However, it is still unclear if and when such revenues will accrue, how much they will be and whether they can be used in this manner. International negotiations on this are ongoing. The G7 had explicitly stated that these funds were not going to substitute national contributions to Ukraine’s struggle.

Criticism from all sides

Ukraine’s ambassador to Germany, Oleksii Makeiev, was quick to issue an urgent warning to the German government against cutting financial support to his country. “Cutting military aid to Ukraine means jeopardizing Europe’s security,” he wrote on X. “That would be fatal and must be avoided. The funds are there, it’s a question of political will.”
Criticism showered down on the government. Representatives of the largest opposition party, the conservative Christian Democratic Union (CDU), accused the German government of abandoning Ukraine. The opposition party is also in favor of using Russian assets – not as a substitute for German funds, but in addition to them.
Critical voices are even coming from within the governing coalition. Michael Roth (SPD), chairman of the Foreign Affairs Committee in the Bundestag, said that Germany cannot make its support dependent on the budget situation. “We must not sacrifice the fate of Ukraine on the altar of the debt brake,” he said in reference to a provision in the German constitution limiting public debt.
Green Party co-leader Omid Nouripour said in an interview with public broadcaster ARD: “This is not a good signal, certainly not for Ukraine and certainly not for our partner states, which are all involved.”
Marie-Agnes Strack-Zimmermann from the FDP, one of the most vehement supporters of military and financial aid to Ukraine and chair of the Defense Committee in the European Parliament, echoed the same sentiment. But she also held her partners accountable. She wrote on X that aid to Ukraine still needs to be stepped up. “But this is only possible together with our European partners, from whom we are demanding just as much commitment as before.”

Fear ahead of the state elections?

The German government wants to limit aid to Ukraine not only because of the tight budget. In September, state elections will be held in three eastern German states: Saxony, Thuringia and Brandenburg. Polls predict good results for the far-right Alternative for Germany (AfD) and the populist Sahra Wagenknecht Alliance (BSW), who want to end support for Ukraine and are in favor of reconciliation with Russia.
After the initial uproar over cutting aid to Ukraine, the German government is now trying to mitigate the damage: “The chancellor will keep his word that support for Ukraine will continue for as long as necessary and that no one, especially not the Russian president, can count on us letting up,” said government spokesman Wolfgang Büchner.
However, he did not deny that a shift from the federal budget to international sources was being considered.

https://www.dw.com/en/germany-ukraine-military-aid-2026/a-69984998

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Japan External Trade Development Organization to open office in Ukraine

The Ministry of Economy has registered a representative office of the Japan External Trade Organization (JETRO), which will soon open in Ukraine.

“The opening of the JETRO office in Ukraine is a strategic step, the result of productive negotiations with the government of Japan, and marks the beginning of a new era of cooperation between our two countries,” Taras Kachka, Deputy Minister of Economy and Trade Representative of Ukraine, was quoted on the ministry’s website on Tuesday.

“We strive to create an attractive business environment that will attract Japanese investment and promote a strong partnership between Ukrainian and Japanese companies,” he added.

According to him, Japan plans to provide $188 million for Ukraine’s economic recovery projects, focusing on energy, utilities, critical infrastructure, humanitarian demining, and business support.

“The establishment of the JETRO office will accelerate the introduction of Japanese technologies in our country and open new markets for Japanese brand products to be manufactured in Ukraine,” Kachka said.

JETRO (Japan External Trade Organization) is an office of the Japan External Trade Organization, an independent administrative body under the auspices of the Ministry of Economy, Trade and Industry of Japan, established to promote trade and economic cooperation with other countries.

USAID Urozhay announces tender for supply of mobile grain dryers

USAID’s Urozhay program has announced the launch of a tender for the supply of mobile grain dryers for farmers in frontline regions to store grain in the 2024 season, the donor organization reported on its Facebook page.
“Due to a lack of funds and access to quality drying equipment, many farmers leave part of their crops in the field unharvested until spring. This leads to a loss of quality and value,” USAID Urozhay noted.
The donor organization invited suppliers to register for a pre-application seminar by August 21. The seminar itself will take place on August 22. Proposals for the supply of mobile grain dryers must be sent no later than 18:00, September 5, 2024, to harvest.subcontracts@harvestukraine.com.
The requirements for suppliers can be found here: https://shorturl.at/O0ZiX.

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Representatives of U.S. Agency for International Development (USAID) have started working in Ukraine on permanent basis

Representatives of the U.S. Corporation for International Development (DFC) have started working in Ukraine on a permanent basis.

“The AmCham Ukraine team held a productive meeting with Caitlin Candee, Project Finance and Political Risk Insurance Specialist, and Anthony Pollak, Investment Advisor, from DFC, who are now represented in Ukraine on a permanent basis,” AmCham Ukraine said in a Facebook post.

According to Pollak’s LinkedIn profile, he has been working in Kyiv on behalf of DFC since July of this year, and a little earlier, in June 2024, he began representing the CrossBoundary group as an investment advisor in Kyiv.

In addition, DFC, the U.S. government’s development finance institution, the successor to OPIC, has launched a special website dedicated to its work in Ukraine. It is noted that before Russia’s full-scale invasion, DFC’s investments in Ukraine amounted to $800 million, but since the beginning of 2022, they have increased by $848 million, or more than doubled. Thus, DFC’s total portfolio as of August 12 was approximately $1.6 billion.

Source: https://interfax.com.ua/