Business news from Ukraine

Ministry of Economy proposes a compromise in settlements between retailers and suppliers

The Ministry of Economy proposed at a meeting with food industry associations on October 11 that the terms of settlement of goods producers and retailers be set at 24-30 days as a compromise and slightly expand the list of goods for the effective uninterrupted work of both parties.
“We are trying to bring the positions of the parties closer. In particular, as a compromise option, we propose to set a settlement period of 24 or 30 days. If the parties do not agree, we will be forced to use other mechanisms, although the government is fundamentally against strengthening regulation,” the First Deputy Prime Minister is quoted as saying. – Minister of Economy Yulia Sviridenko press service of the department.
According to her, the issue of payments for delivered goods is really painful, since each of the parties believes that it is lending at its own expense to the other.
“We are talking, in particular, about payments for goods of significant social importance, and about debts for previously delivered goods. The government believes that the best solution is to coordinate the positions of manufacturers and sellers in the dialogue process and strengthen the discipline of payments,” Sviridenko said.
During the meeting, issues were also raised of providing food industries with preferential gas, lending to food and processing enterprises under the 5-7-9 program, uninterrupted supply of electricity to food industry enterprises during rolling blackouts, as well as issues of limiting the export of sunflower seeds and obtaining permission for transactions for certain types of import operations.
The Ministry of Economy noted that at present gas at preferential prices is received by enterprises of the baking industry and dairy products, and now the country does not have the opportunity to expand the corresponding list. As Sviridenko explained, first of all, it is necessary to provide the population with preferential gas, but, given the importance of the stable operation of enterprises in the industry, the issue of the possibility of purchasing additional volumes of gas for preferential supplies to the food industry will be worked out.
According to the agency, the head of the Ministry of Economy also supported the request of the food industry to include industry enterprises in the list of critical infrastructure, which will allow them to receive electricity even during rolling blackouts. According to her, this issue will be worked out with the Ministry of Energy and local authorities, which form the relevant lists.

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The UK and Polish governments were the main suppliers of medical assistance to Ukraine in the past week, the press service of the Health Ministry of Ukraine has said.
The ministry said that the UK government and the Strategic Reserves Agency of Poland were the major suppliers.
The Health Ministry also noted assistance of the Embassy of Bulgaria in Ukraine, the Direct Relief international humanitarian aid organization, the Kyiv School of Economics Charitable Foundation, the Center of Volunteering and Protection charitable organization, One Ukraine, and Americares global non-profit organization.
The ministry reported that it received six ambulance vehicles, 1,000 packs of hemostatic gauze, 125 patient monitors, 7.5 tonnes of antibacterial agents, 153.5 tonnes of various medicines, 26.5 tonnes of drugs for Covid-19, 60 tonnes of personal protective equipment, and 5 tonnes of syringes from volunteers and partner countries over last week.

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Ukrainian enterprises gradually have started introducing the Internet of Things (IoT) technology: today 2% of equipment suppliers use it in Ukraine, according to a study of Microsoft.
“47% did not envisage the possibility of joiningo the IoT system, and 51% of equipment suppliers do not even know about the possibilities of IoT for enterprises,” Microsoft said in a report presented at the Manufacture Talks. IoT & Other Technologies conference held in Kyiv this week.
Microsoft said that in the world, such technologies are being implemented much faster: by 2020, 40% of operational processes in enterprises can be adjusted without human participation.
“By 2019, 90% of manufacturers consider that they will make the most of cloud technologies to optimize supply processes, and by 2020 40% of operational processes in the enterprise will be able to improve and train without human participation,” Specialist in Cloud Solutions from Microsoft Vladimir Dmitrenko said.
Among other technological trends that will help enterprises develop, according to Microsoft experts, is the maximum use of cloud technologies to optimize the supply process, the mandatory connection of machines to the manufacturer’s network or the Internet, and in three or five years building digital satellite equipment or processes.

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