Business news from Ukraine

Business news from Ukraine

Harvesting in Prometey started with barley

Harvesting of current crops in the Prometey Group started with winter barley. Areas with this crop are located mainly in Bashtanka district of Nikolaev region.
Harvesting has already been carried out on an area of 216 hectares, with an average barley yield of 78.5 centners per hectare.
“This year’s harvest has pleasantly surprised us – says agronomist-technologist Ilya Troitsky, – and although Bashtanka district is famous for barley, it is traditionally grown here, this season’s figures exceeded expectations”.
One day Prometey agrarian enterprises will start harvesting winter wheat.

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Learning English in Ukraine by preschoolers in kindergartens to be mandatory from Sept 1, 2026

The bill on the use of the English language provides for the use of English in the educational process for children of preschool age and the learning of English by children of senior preschool age in kindergartens from September 1, 2026.
Bill No. 9432 dated June 28 on the use of the English language in Ukraine determines that ensuring the mandatory use of English in the educational process for children of early, primary and secondary preschool age in preschool education institutions, as well as ensuring the mandatory learning of English by children of senior preschool age in kindergartens will be introduced from September 1, 2026.
It is also determined that during four years from the date of the end of martial law, the state will provide financial assistance to citizens of Ukraine for learning English as part of adult education.
As reported, on June 28, President of Ukraine Volodymyr Zelenskyy submitted a bill to the Verkhovna Rada that defines English as the language of international communication in Ukraine, and also promotes the learning of English by citizens of Ukraine.

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Former U.S. Vice President Mike Pence arrives in Ukraine on unannounced visit

Former U.S. Vice President Mike Pence arrived in Ukraine on Thursday, June 29, on an unannounced visit, reports NBC News.
Pence became the first Republican U.S. presidential candidate to meet with Ukrainian President Vladimir Zelensky during the campaign.
“I believe America is the leader of the free world,” Pence told NBC News.
As part of his visit, Pence is visiting the de-occupied Moschun, Bucha and Irpen in the Kiev region.
“To come here just as a private citizen – to be able to see firsthand the heroism of the Ukrainian soldiers who held the defense in those woods, to see the heroism of the people here in Irpen who held back the Russian army, to see the families whose homes were literally shelled in the midst of the brazen and unprovoked Russian invasion – it only strengthens my resolve to contribute, to continue calling for American strong support for our Ukrainian friends and allies,” Pence said

President of Ukraine holds meeting with business representatives

President of Ukraine Vladimir Zelensky held a meeting with representatives of business, during which they discussed the topic of state reconstruction, the tax sphere, as well as the creation of a coordination tool.
“The meeting with representatives of business. A lot of pressing topics. Opportunities for the state to stimulate economic activity. The program “єOsel” and business participation. Recovery topics. Tax sphere and opportunities to reform it. Inspections. Law enforcement. Coordination and communication for the sake of problem solving. Useful business proposal to create a coordination tool,” Zelensky wrote in his Telegram channel on Thursday.
The president said that the main priority at the moment is the victory of Ukraine in the war.
“The main priority is always the strength of Ukraine. Thanks to everyone and everyone who adds strength to Ukraine, who keeps and creates new jobs, who strengthens our economy and helps develop our institutions,” Zelensky said.
According to the press service of the Ukrainian head of state, during the meeting Zelensky said that the priority in the reconstruction of Ukraine will be the participation of Ukrainian and foreign business, which worked and continues to work, especially during the war.
“But the doors will be open to many companies. We need hundreds and thousands of companies to come to us,” Zelensky said.
Also during the meeting, the parties agreed on joint efforts to reduce business problems from law enforcement agencies, as well as the prospect of forming a tax sphere and strengthening the effectiveness of bodies that should stimulate economic development and provide support for investments.
In turn, business representatives proposed the establishment of a coordination platform for communication on the protection of business rights and consideration of other issues. Zelensky supported this initiative and also offered to jointly decide on the format of the work.
“It is very important to create a platform on which we would constantly talk. Because we cannot accumulate problems for years: we simply will not be able to overcome them later,” the president stressed.

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“Energoatom” announced tender for CMTPL insurance

The state enterprise “NAEK “Energoatom” (Kiev) on June 29 announced a tender for compulsory motor third party liability insurance of owners of land vehicles (MTPL).
As reported in the electronic public procurement system Prozorro, the total expected cost of 1.083 million UAH.
The deadline for submission of documents for the tender is July 11

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National Bank of Ukraine obliged insurers “Greenwood Life Insurance” and “Alfa Insurance” to eliminate violations

National Bank of Ukraine (NBU) has applied the enforcement measures to IC “Greenwood Life Insurance” and IC “Alfa Insurance” (both Kiev) in the form of an obligation to take measures to remedy violations until July 17, 2023, according to the website of the regulator.
“Measures of influence are applied due to non-compliance with the requirements of paragraphs 1 and 11 of the NBU board resolution “On peculiarities of application of registration and licensing procedures of non-bank financial services market participants during martial law …”, – said in a message on the regulator’s website.
According to the document, it refers to written assurances of companies to the National Bank about the compliance of direct and ultimate owners of material participation to the requirements of the regulator on the financial / property status, documents to assess such a position and subsequent responses to the NBU request.
PrJSC “Greenwood Life Insurance” works in the Ukrainian life insurance market since 2007 as the successor of the insurance company “Guarantee Life”. The company is a part of financial and investment holding Green Globe Enterprises INC (USA, New York), which operates in the territory of Europe, Asia, America.
IC “Alfa Insurance” was founded in 2000. On December 5, 2022 NBU has applied to IC “Alfa Insurance” a measure of influence in the form of temporary suspension of the license to provide financial services. Due to the company’s non-compliance with the requirements of the Regulations on licensing and registration of financial service providers and the conditions of their activities in the provision of financial services…, namely, the requirements for business reputation of financial service providers.

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