Business news from Ukraine

Business news from Ukraine

UKRAINIAN BANKS’ CASH EXCHANGE RATES ON 19/03/20

Ukrainian banks’ cash exchange rates on 19/03/20

Source: Interfax-Ukraine

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NAFTOGAZ PLANS TO CREATE IN UKRAINE EXCHANGE TO TRADE WITH GAS

NJSC Naftogaz Ukrainy in 2020 plans to create an exchange to trade with gas, Head of Naftogaz integrated gas business unit Andriy Favorov has said.
“Our idea, our strategy, is that next year we will create an exchange where Naftogaz will act as a buyer and seller of gas,” he said in an exclusive interview with Interfax-Ukraine.
According to him, the decision has already been approved by the board and the supervisory board of the company. The required preparatory work is ongoing to launch the exchange. In particular, a tender was held to implement the ETRM (Energy Trade Risk Management) system, which will take into account all transactions and market fluctuations.
“The introduction of this system will give us the required tools to control commercial risks,” Favorov said.

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UKRAINIAN BANKS’ CASH EXCHANGE RATES ON 15/11/19

Ukrainian banks’ cash exchange rates on 15/11/19

Source: Interfax-Ukraine

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E-DOCUMENT EXCHANGE BETWEEN PUBLIC AGENCIES TO BE LAUNCHED IN UKRAINE FROM OCT 1

Minister of the Cabinet of Ministers of Ukraine Dmytro Dubilet has said that from October 1, electronic document exchange between public bodies will start working, and full digitalization of document circulation will take place in the next one or two years.
“Every month, government agencies send to each other, through general and specialized postal services, tens, if not hundreds of thousands of paper documents. We intend to stop this from October 1,” he wrote on his Facebook page on Tuesday.
In this regard, Dubilet expects that on September 4 a decision will be made at a government meeting.
“Yesterday, the media spread the news that we want to ban paper work. Unfortunately, a mistake has crept in here. Document exchange is the exchange of documents between authorities. Document flow is the process of approving documents within government agencies. So far, we are only talking about document exchange. And full digitalization of workflow is a task for the next one or two years,” the minister added.
He also said that there are a number of documents that cannot yet be digitized due to laws.
“We will carefully analyze them and also digitize them, but for this it will be necessary to change the laws. I hope that by the end of the year we will submit proposals to the Rada,” Dubilet wrote.
Among other things, he said that after the translation of documents into electronic format, their revision will begin on the subject of the need for their existence.

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UKRAINIAN BANKS’ CASH EXCHANGE RATES ON 30/08/19

Ukrainian banks’ cash exchange rates on 30/08/19

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CHANGES IN CURRENCY EXCHANGE, UAH/RUB, 02.05.19.-27.06.19

Changes in currency exchange, uah/rub, 02.05.19.-27.06.19

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