Business news from Ukraine

President of Ukraine and PM of Netherlands discuss cooperation, grain exports, support from EU

President of Ukraine Volodymyr Zelensky discussed with Prime Minister of the Netherlands Mark Rutte issues of defense cooperation between the two countries, the export of agricultural products through Ukrainian ports, as well as financial support for Ukraine by the European Union.
“I maintain continued contact with our partners. Discussed the course of hostilities, Ukraine- Netherlands defense cooperation and financial support from the EU with Mark Rutte. Emphasized the importance of exporting Ukrainian grain by sea ASAP,” Zelensky said on Twitter on Thursday evening.

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EU member states agree to mobilize EUR 500 mln tranche of military aid to support of Ukraine

The member states of the European Union have agreed to mobilize the fifth tranche of military assistance in the amount of EUR 500 million in support of the Armed Forces of Ukraine, said head of EU diplomacy Josep Borrell.
“Participated at Ministerial Ukraine Defence Contact Group meeting. EU Member States agreed to mobilise 5th tranche of military assistance of EUR 500 million to further support Ukraine‘s Armed Forces. EU remains focused & steadfast in its support for Ukraine, together w partners,” Borrell said on Twitter Wednesday evening.

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UKRAINE RECEIVES $1.7 BLN FROM USA TO SUPPORT MEDICAL PROGRAM

Ukraine has received $1.7 billion from the United States to support the Medical Guarantee Program (MGP), Health Minister Viktor Liashko has said.
“As a result of agreements with the U.S. government, Ukraine received $1.7 billion in support of the MGP. The funds were provided through the World Bank trust fund on a gratuitous, non-refundable basis to the state budget of Ukraine,” he said at a briefing on Tuesday.
Liashko also said that since the beginning of 2022, as part of the MGP, UAH 74 billion have been transferred to medical institutions, including more than UAH 54 billion directed to the salaries of doctors.
In addition, Liashko recalled that out of 834 health facilities destroyed by the aggressor, 123 cannot be restored.
“The terrorist country is destroying the walls of hospitals, but it will never destroy the heroism and dedication of our doctors, who continue to work in the most difficult conditions,” he stressed.

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CABINET LAUNCHES NEW BUSINESS SUPPORT GRANT PROGRAMS

The Cabinet of Ministers has launched three new grant programs to support businesses, Prime Minister of Ukraine Denys Shmygal said.
“The first is irrevocable grants for the creation and development of processing enterprises. This may be an enterprise in the woodworking, metalworking, agricultural processing, furniture or construction sectors,” he said during a government meeting on Friday.
He added that the state will provide up to UAH 8 million in grant funds for those who already own a processing business or want to start one. It is fashionable to spend the grant on the purchase of equipment, the main requirement is to create at least 25 new jobs. In this case, the business owner must invest 30% of his investment. To receive a grant, an entrepreneur should submit a working idea, the prime minister explained.
The Cabinet of Ministers also approved a grant program for the IT sector and high-tech startups in the amount of UAH 750 thousand to UAH 3.5 million with the requirement to create at least five jobs.
In addition, the government launched the Start in IT grant program for IT education with a budget of UAH 1.8 billion, Shmygal noted. Thus, the state plans to finance educational grants up to UAH 30,000 for 60,000 Ukrainians. Funds can be spent on paying for a school or courses that will be determined by the Ministry of Finance.
This program is not for students or current professionals, but for those who have lost their jobs or are down and want to learn new skills in the profession of a developer or web designer, he pointed out.
Gradually, the details of these and other programs within the framework of the eWork project will become available in DIA, the head of government said.

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UKRAINIAN PARLIAMENT VOTED TO SUPPORT BOOK PUBLISHING AND BOOKSTORES

In Ukraine, from the beginning of 2023, newborns and 14-year-olds will be issued free certificates for Ukrainian publications in the amount of 0.3 subsistence minimum (lm) for able-bodied people (by the end of the year, this minimum will be increased from UAH 2,481 to 2684 UAH).
The relevant law “On Amendments to Certain Laws on Stimulating the Development of Ukrainian Book Publishing and Book Distribution” (No. 6287) was adopted by the Verkhovna Rada on Sunday with 314 votes without discussion, according to information on its website.
In addition, the document provides for the payment of subsidies to specialized stores from April 1, 2023, in which 80% of revenue comes from book products.
After the adoption on January 25 in the first reading, when preparing the bill for the second, the amount of rental compensation was slightly increased: in Kyiv and international airports – from 0.3 to 0.35 linear meters, in territorial communities from 500 thousand – from 0.2 up to 0.25 l.m., from 100 to 500 thousand – from 0.16 to 0.2 l.m., from 30 to 100 thousand – from 0.08 to 0.12 l.m. and up to 30 thousand inhabitants – from 0.04 to 0.08 l.m.
At the same time, the rental area, the fee for which is subject to compensation, is limited from 50 m in small communities to 150 m in Kyiv.
The amount of the subsidy may also not be more than 20% of the income received from the sale of books in the relevant bookstore.
In the financial and economic justification section of the explanatory note for the first reading, it was noted that the amount of expenses from the state budget for providing subsidies to bookstores in 2023 will be from UAH 52 to 86 million.

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FINLAND TO SUPPORT EDUCATIONAL REFORM IN UKRAINE

Ukraine and Finland have extended the implementation of the project “Finnish Support to the Ukrainian School Reform” until 2023, the press service of the Ministry of Education and Science of Ukraine reported on Thursday.
The corresponding agreement was signed during a meeting in Kyiv by Prime Minister of Ukraine Denys Shmygal and Prime Minister of Finland Sanna Marin. The project provides financial support from Finland for educational reform in Ukraine in the amount of up to EUR 6 million and up to EUR 2 million from the European Union.
“Since the beginning of Russia’s aggression in 2014, Finland has helped us on all international platforms, provided significant support in promoting reforms in Ukraine, in particular in the field of education,” Shmyhal said.

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