On January 1, the Law “On Agricultural Notes” came into force in Ukraine, which provides for the establishment of a separate Register of Agricultural Notes.
It is expected that the register will contain information on the issuance, content and change of details of agrarian notes, termination and encumbrance of agrarian notes, and the commencement of enforcement of obligations under agrarian notes on the basis of a special extract from the register.
The Registry, in turn, will ensure transparency, efficiency and convenience of operations with agricultural notes by automating the processes of forming the details of agricultural notes, making changes, issuing and terminating them. Automated work will simplify the interaction between agricultural producers, creditors, and investors.
In addition, the digitalization of processes in the Registry will reduce transaction costs associated with the issuance and termination of agricultural notes, making the instrument cheap and easy to use.
Oleksiy Yudin, Chairman of the Board of the National Depository of Ukraine (NDU), previously expressed confidence that the project would be an important step in building the digital infrastructure of the agricultural sector, help attract additional investment and ensure sustainable economic growth.
“This project is an important step for the digitalization of the capital market and the agricultural sector in Ukraine. The development of the Agricultural Notes Register will not only help strengthen our country’s position in the global agricultural market, but also create new opportunities for investors,” said Ruslan Magomedov, Chairman of the National Securities and Stock Market Commission.
The NSSM added that this decision is an important infrastructure element and a central component of the entire ecosystem of agricultural notes, without which the full implementation of the new instrument in the market is impossible.
As reported, in October 2024, the International Finance Corporation (IFC, a member of the World Bank Group) and the National Depository of Ukraine signed a grant agreement under which NDU will receive up to $300 thousand to create and implement an innovative Register of Agricultural Notes.
In 2024-2028, the Swiss Agency for Development and Cooperation (SDC) will allocate 58.7 million francs for the digitalization and development of Ukrainian regions, including the digitalization of healthcare, education, humanitarian demining, and electronic notary.
According to Mykhailo Fedorov, Deputy Prime Minister for Innovation, Education, Science and Technology and Minister of Digital Transformation, this is stipulated in a memorandum signed on Wednesday.
“I met with Felix Baumann, Ambassador of Switzerland to Ukraine. The main result of the meeting is the signing of a memorandum for 58.7 million francs ($68.1 million) with the Swiss Agency for Development and Cooperation (SDC),” Fedorov wrote in a telegram.
According to him, the funds will be allocated during 2024-2028 and will be used for the digitalization and development of Ukrainian regions, with projects implemented under the EGAP program implemented by the Eastern Europe Foundation. “We are focusing on the digitalization of healthcare services, electronic notary, education, humanitarian demining, and we continue to restart the State Statistics Service. Part of the funds will be used to support the frontline regions, and it is important to ensure access to public services in every community,” Fedorov listed the areas of use of the funds.
Fedorov recalled that with the support of the Swiss government, in 2024 alone, they launched an online marriage and a pilot of the Mriya project for 40 schools, and began testing Diia for civil servants. “We held another international Diia.Summit in Zurich, strengthening the international brand of digital Ukraine. It was there that we signed a memorandum on the opening of the Govtech center together with the World Economic Forum,” said Fedorov.
In general, Switzerland has been supporting digitalization since 2015 through the EGAP program, with partners allocating more than 30 million francs.
ProZorro.Sale JSC became a finalist for the IAM Asset Management Excellence Awards 2023 and was named one of the world’s six best projects working with the digitalization of asset management, it was announced during the annual official award ceremony held by The Institute of Asset Management (IAM) in London on December 4.
As noted in the release of the state-owned company on Tuesday, the finalist organizations demonstrated the application of the best principles and approaches in asset management, adapted to digitalization trends, and their projects were a response to business and consumer requests.
The IAM is an international non-profit organization that has been bringing together asset management professionals since 1994. The Institute recognizes projects and innovative achievements in asset management in the face of modern challenges. The IAM Asset Management Excellence Awards annually honor projects around the world that innovate in asset management in the face of modern challenges.
It is specified that Prozorro.Sale JSC, which administers the state electronic trading system, which hosts online auctions for the sale of public assets, reached the final in the Digital Innovation category. In the final in this category, ProZorro.Sale competed with projects and companies from Spain and the United Kingdom. The winner in this category was a project to improve the efficiency of asset management by Transport Scotland.
“More than seven years ago, with the launch of public online auctions in the Prozorro.Sale electronic trading system, the state began to change the approaches and principles of public asset management. During this time, transparent and open e-auctions have become an effective tool for the state and communities, which have already brought more than UAH 80 billion to the budgets of various levels, and opened up opportunities for businesses to obtain resources for development, including during martial law,” commented First Vice Prime Minister Yulia Svyrydenko.
According to her, the inclusion of the Ukrainian IT solution – the state electronic trading system Prozorro.Sales – in the world’s best in the Digital Innovation category of the prestigious IAM Asset Management Excellence Awards is evidence that it is impossible to achieve results in asset management without digitalization.
“Being among the top 6 best projects in the world is a great responsibility for us, for the entire ProZorro.Sale ecosystem, which includes both ProZorro.Sale JSC and platforms, organizers and bidders. Amid the war, we are more than ever determined to continue working on improving the system and increasing the efficiency and transparency of asset sales in even more markets,” said Serhii But, CEO of ProZorro.Sale.
The company reminded that in 2022, the state electronic trading system ProZorro.Sale was recognized as the best public service by the most prestigious UN Public Service Awards. The administrator of the system, Prozorro.Sale JSC, guarantees the security of electronic auctions, the impossibility of interference in their course and equal access of each participant to participate in the auction, the release emphasizes.
President of Ukraine Volodymyr Zelensky has announced the success of infrastructure development in Ukraine, as well as digitalization, the press service of the president of Ukraine has reported.
“In these two and a half years, we have started the digitization of the state. We are number one in Europe today. And the Servant of the People party was involved in that as well,” the presidential press service quoted Zelensky as saying when speaking in Truskavets on Saturday, where a visiting session of the Servant of the People parliamentary faction was taking place.
Zelensky added that Ukraine is also the first in Europe in terms of road construction now. “Statistically, we build the most per month. Number one in Europe!” the President noted.
The Head of State also noted the liquidation of the State Architectural and Construction Inspectorate.
“So be a little proud of yourself and the difficult path. When we talk about land reform, there are many questions about how slow it is. But I believe that this is a challenge and a victory, on which I want to congratulate you,” the President said.
He noted that there are many challenges in the field of medicine in the country, which was affected by the COVID-19 pandemic. “But today I see a medical team. We have elected a minister, a committee is working, and we are ready for challenges,” Zelensky stressed.
The President also stressed that the Office of the President and the Ministry of Foreign Affairs have done a lot for Ukraine’s international agency, and this is the most important victory this year.
“A lot yet not enough. Why not enough? I will explain. We do not have time to expect that we will be taken to the European Union: ‘let’s wait another five years.’ You know we have a war. I do not want to complain. I think we are powerful. And today our policy is ‘brazen’. And I am convinced that without a strong international policy, without such ‘boldness’ no one will see Ukraine’s steps forward,” he said.
In addition, the presidential press service noted that working groups with the participation of deputies and ministers (eight clusters) on the details of the Plan of Transformation of the country initiated by him in the following areas: military security and international relations; energy independence and “green” transformation, human capital, technological development and market transformations, infrastructure and local development, food hub, digital hub and rule of law.
“These clusters contain goals and KPIs for relevant areas until 2023, projects and reforms to be implemented, and laws to be enacted,” the message reads.
DIGITALIZATION, INFRASTRUCTURE, POLITICS, PRESIDENT OF UKRAINE, PRESIDENT ZELENSKY
The Government of Sweden and the United Nations Development Program are providing funding to support electronic and inclusive services for vulnerable groups in Ukraine, Deputy Prime Minister, Minister of Digital Transformation Mykhailo Fedorov said.
“Cooperation with the Ministry of Digital Transformation will take place within the framework of the project ‘Digital, Inclusive, Accessible: Supporting the Digitization of Public Services in Ukraine’ (DIIA Support) with a total budget of UAH 128 million (approximately $4.5 million),” he wrote on his Facebook page on Thursday.
Fedorov wrote that this project is aimed at improving the quality of access of Ukrainians to electronic administrative and social services.
Within its framework, the Ministry of Digital Transformation will work on: providing comprehensive services for vulnerable groups of the population; developing of software for services and related equipment; creating sustainable infrastructure and access to information and communication technologies; raising the level of digital literacy; conducting communication campaigns about electronic services and providing support for users of services; developing a system of advanced training and a regulatory framework; creating educational and training programs for public authorities, Administrative Service Centres, and so on; cooperation with the office of the Ukrainian Parliament Commissioner for Human Rights.
According to the Deputy Prime Minister, the implementation period of the program is January 2021 – December 2023.
DIIA Support was launched by the Ministry of Digital Transformation and the United Nations Development Program in Ukraine with the support of the Swedish Embassy.