Business news from Ukraine

Business news from Ukraine

Dynamics of changes in discount rate of NBU – from 2013 to June 2023

Dynamics of changes in discount rate of NBU – from 2013 to June 2023

Source: Open4Business.com.ua and experts.news

Ukrzaliznytsia has increased track repairs by 22%

In January-August 2023, Ukrzaliznytsia (UZ) renewed 854.3 km of tracks with various types of repairs, which is 22% more than in the same period in 2022, the company’s press service said on Monday.

According to the release, in January-August 2023, 217.4 km of track was overhauled with new materials, which is 55% more than in the same period last year, while 119.4 km of track was restored using suitable materials that were already available.

“The average repair was carried out on 517.5 km of track, which is 17% more than in the same period in 2022,” UZ said.

In addition, Ukrzaliznytsia overhauled 104 sets of turnouts with new materials and overhauled 67 sets with existing materials. A total of 440 sets of switches were overhauled.

As reported, the Cabinet of Ministers allowed Ukrzaliznytsia to use EUR 100 million for urgent needs from the balance of the EUR 150 million loan from the European Investment Bank approved in 2016, which was originally planned to be used for the construction of a second track, electrification and modernization of signaling and communication systems on the Dolynska-Mykolaiv-Kolosivka route.

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HACC refuses to remove First Deputy Minister of Agrarian Policy from office

The High Anti-Corruption Court (HACC) has refused to remove First Deputy Minister of Agrarian Policy and Food Taras Vysotsky from office.
The decision was made on September 25 by investigating judge of the High Anti-Corruption Court Oleh Fedorov.
“The motion of the NABU detective to remove the suspect Taras Vysotsky from office is dismissed,” the judge said.
He clarified that the decision can be appealed to the Appeals Chamber of the High Anti-Corruption Court within five days of its announcement. The decision comes into force after the deadline for filing an appeal, if no such appeal has been filed. If an appeal is filed, the decision, if not overturned, will come into force after the decision of the court of appeal.
The text of the decision will be announced on October 2, 2023.
In addition to the accused Vysotskyi, the prosecution and defense, the courtroom was attended by a number of representatives of agricultural associations, including Vadym Chaharovskyi, Chairman of the Union of Dairy Enterprises of Ukraine, Rodion Rybchynskyi, Director of the PU “Millers of Ukraine” Rodion Rybchynsky, Director General of the Ukroliyaprom Association Stepan Kapshuk, Acting Chairman of the Board of Ukrtsukr Nazar Mykhailovyn, Director of the All-Ukrainian Agrarian Forum NGO Maria Didukh, and others.
As reported, on August 24, the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAP) accused the First Deputy Minister of Agrarian Policy of Ukraine Vysotsky of misuse of UAH 62.5 million in the procurement of food to meet the needs of the state during martial law.
“These food products were intended as humanitarian aid for the population of Donetsk, Kherson, Sumy, Zaporizhzhia, Kyiv, Khmelnytsky, Dnipro and Poltava regions and the city of Kyiv,” the statement said.
On August 31, the HACC imposed on Vysotsky a pre-trial restraint in the form of bail in the amount of UAH 805 thousand. In addition, he was imposed procedural obligations: to appear at the request of the detective, prosecutor and court; not to leave Kyiv without permission. Kyiv without the permission of the detective, prosecutor and court; to notify the detective, prosecutor or court of any changes in his place of residence and work; to refrain from communicating with the other suspect, the former Deputy Minister of Economy, and witnesses; to deposit his passport(s) for traveling abroad and other documents entitling him to leave and enter Ukraine with the relevant state authorities.
The obligations are valid until October 24, 2023.

Ukraine has started to form list of corn and soybean exporters for export to China

The State Service of Ukraine for Food Safety and Consumer Protection (SSUFSCP) has reminded interested parties about the formation of the List of corn and soybean exporters to the People’s Republic of China (PRC) and the List of storage facilities for these goods for further export to China.

As explained by the press service of the Ministry, this is done to ensure compliance with the requirements of the protocol of phytosanitary and inspection requirements for the export of corn and soybeans from Ukraine to China.

The documents confirming the phytosanitary procedures of the corn and soybean growing and storage facilities in order to include a person in the Lists must be sent to the State Service of Ukraine on Food Safety and Consumer Protection by October 16.

The agency reminds that the grounds for refusal to issue a phytosanitary certificate or a phytosanitary certificate for re-export are the non-compliance of the regulated objects with the requirements of the phytosanitary measures of the importing country.

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Ukrainian Squash Federation launches free training for children in Sport Life network

The Ukrainian Squash Federation has announced the successful development and implementation of a free training program for children. The launch of a unique project – the Kyiv Sports Children’s and Youth Sports School (CYSS) – was made possible thanks to the cooperation of the FSU and the Sport Life network of clubs.
Squash is not just entertainment. This game fosters discipline in children, teaches them to make decisions on the go and stimulates the development of strategic thinking. The game of squash is dynamic and intense at the same time, helping the child to develop harmoniously. It is not surprising that squash has gained such popularity in educational institutions. The game is included in the curricula of the most prestigious American universities, such as Harvard and Yale. This demonstrates the high appreciation of the effectiveness and benefits of this sport for the development of young people.


Classes for young athletes will be held in the two largest squash centers of the Sport Life club network – in Poznyaki and Teremky. Here children will have the opportunity to learn the game under the guidance of qualified coaches.
The training schedule is very convenient – on weekdays from 15:00 to 17:00. The difference in age groups is taken into account, so training is organized for children aged 6-8 and 9-11.
“The Ukrainian Squash Federation in cooperation with the Sport Life network of clubs is making a huge step towards popularizing this sport among young people. Let’s open up new horizons for our children together, teaching them a healthy lifestyle, discipline and mutual assistance through the game of squash,” said Dmytro Shcherbakov, President of the Ukrainian Squash Federation,
In his turn, Maxim Urakin, Vice President of the FSU, noted that the development of junior squash shows that this sport has good prospects for development in Ukraine.


“Last year, our juniors demonstrated excellent results at international competitions and proved that the Ukrainian squash school is one of the strongest in Europe, winning bronze at the continental championship. The opening of new training grounds for children will only strengthen this trend,” emphasized Urakin.
The program of the Kyiv Sports School provides free training for children, but the number of places is limited, so we advise you not to delay the registration and provide your child with quality and productive leisure.
Squash is a sport with a ball and a racket indoors. The game is played with special rackets on a court surrounded by walls on four sides. In 2003, Forbes magazine recognized squash as one of the healthiest sports in terms of injury rates. In addition, squash is considered the most energy-consuming sport in the world in terms of calories burned per unit of time. More than 20 million people play squash in the world.

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JSC “Oschadbank” has put up for electronic auction right to conclude financial leasing agreement for cannery in Transcarpathian region

JSC “Oschadbank” has put up for electronic auction at OpenMarket (State Enterprise “SETAM” of the Ministry of Justice of Ukraine) the right to conclude a financial leasing agreement for non-residential real estate and a lease agreement with the purchase of a land plot in the Transcarpathian region, Fanchykovo village.

The right to conclude:
– Financial leasing agreement in respect of buildings and structures of the cannery, a canning shop with a warehouse and warehouses.
– Total area of real estate: 14,773.9 square meters.
– The exact address: 94, 97, 98, 100, 101, 103, Stepan Kutlan Street, Fanchykovo, Zakarpattia region.
– Lease agreement with land purchase option.
– The total area of the land plot: 1.6342 hectares.
– Cadastral number: 2121285300:02:001:0020.
– Exact address: Zakarpattia region, Fanchyky village council, contour No. 524, “Outside the settlement”.

The initial sale price of the lot: the minimum amount of the first payment under the financial leasing agreement and the lease agreement with the purchase of the land plot is UAH 1,303,621.40 (consisting of the amount of the minimum amount of the first payment under the financial leasing agreement – UAH 1,233,356.21 and the minimum amount of the advance payment (contribution) under the lease agreement with the purchase of the land plot – UAH 70,265.19).

The sale price of the non-residential real estate (redemption value) under the financial leasing agreement is UAH 12,333,799.

“Oschadbank and I have already had several successful cases of selling the rights to enter into a financial leasing agreement. We have sold an elite residential building in Kyiv on Darwin Street and a cannery with equipment in Kirovograd region. Now our buyers have a great opportunity to conclude an agreement with the Bank and get a plant specializing in processing and canning of fruits and vegetables, production of canned fruits and vegetables. The auction will start on October 13,” said Oleksandr Mamro, CEO of SE SETAM.

To read the auction terms and conditions and to participate in the auction, please follow the link: setam.net.ua/auction/533077

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 billion.

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