Business news from Ukraine

UKRAINIANS RECEIVE $85 MLN WORTH OF TRANSFERS THROUGH PRIVATBANK, WESTERN UNION FROM UN WFP

Ukrainians receive $85 mln worth of transfers through PrivatBank, Western Union from UN WFP

KYIV. June 16 (Interfax-Ukraine) – Ukrainians have received more than 600,000 transfers worth $85 million through the state-owned PrivatBank (Kyiv) and the Western Union international payment system from the UN World Food Program (WFP), the bank’s press service reported on Wednesday.

According to the report, 95% of transfers were received online to a PrivatBank card.

The press service recalled that in May, the UN WFF began disbursing cash assistance to internally displaced persons in Ukraine through Western Union. The amount of assistance is UAH 2,220 per person and up to UAH 6,660 per family.

According to the statistics of the National Bank of Ukraine, as of April 1, 2022, PrivatBank ranked first (UAH 592.38 billion) among 69 banks operating in the country in terms of total assets.

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USA TRANSFERS RESCUE EQUIPMENT WORTH $50 MLN TO UKRAINE

Rescue equipment worth $50 million was handed over to Ukrainian law enforcement officers by the American side, other aid packages are expected to be handed over in the near future, U.S. Ambassador to Ukraine Bridget Brink said.
Proud to strengthen our partnership with the Ministry of Internal Affairs of Ukraine and Minister Monastyrsky to support Ukraine’s law enforcement with $50 million in life-saving equipment. More is on the way,” Brink said on Twitter on Monday.
The ambassador also noted that the State Border Guard Service of Ukraine, the National Guard and the National Police of Ukraine, which are part of the Ministry of Internal Affairs, “have displayed true heroism in the most dire conditions.”

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EU TRANSFERS FIRST EUR300 MLN OF AID TO UKRAINE

The European Union has transferred the first EUR300 million to Ukraine from a EUR1.2 billion macro-financial assistance package, European Commission President Ursula von der Leyen said on Twitter on Friday.
“Putin’s war exerts brutal military and economic pressure on the brave people of Ukraine. Europe stands firmly by their side. Today we disbursed EUR300 million in emergency Macro-Financial Assistance to Ukraine. This is the first payment of a EUR1.2 billion package. So more will come,” she said.
As reported, the decision to provide macro-financial assistance was made by the European Parliament and the European Council on February 24, 2022 and agreed by the European Commission on March 1.
The assistance is divided into two equal tranches: the first is provided without any conditions, and the second after Kyiv fulfills a number of agreements with the EU.

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WESTERN UNION, MONEYGRAM, RIA MONEY TRANSFER, INTEL EXPRESS AND TRANSFERGO CANCEL FEES FOR MONEY TRANSFERS TO UKRAINE

The international systems Western Union, MoneyGram, Ria Money Transfer, INTEL EXPRESS and TransferGo have canceled fees for transfers to Ukraine, the press service of the National Bank of Ukraine (NBU) said on Thursday.
According to the announcement, Ria has activated its global donation network for the Save the Children organization to help Ukrainian children who have been affected by the war in Ukraine and their families.
In addition, the INTELEXPRESS international money transfer system can make instant and free transfers to special accounts to raise funds to support the Ukrainian army and humanitarian aid to Ukrainians.
At the same time, the global payment network Euronet, which has an extensive system of ATMs in the world, has abolished fees for its services for the citizens of Ukraine.
In addition, the Polish instant payment system Blik has created a special page for raising funds to help the Armed Forces of Ukraine. The funds will be transferred to the NBU account opened in the state-owned bank – Bank Gospodarstwa Krajowego.

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SYNEVO TRANSFERS COVID-19 DIAGNOSTIC EQUIPMENT TO PUBLIC HEALTH CENTER

Synevo, part of Sweden’s Medicover holding, has handed over the COVID-19 diagnostic equipment using PCR (Polymerase Chain Reaction) tests – the most reliable method for diagnosing this coronavirus disease, to the Public Health Center, Synevo Development Director Mykola Butenko said at a video press conference at Interfax-Ukraine on Tuesday.
The equipment made by Swiss Roche will allow increasing the speed and the number of COVID-19 tests and will significantly increase the accuracy of test results, removing human element from the process.
The analyzer’s capacities are 96 tests per hour. Different types of biomaterial (blood, saliva, cerebrospinal fluid and others) can be tested.
The equipment has already been delivered by Synevo to the virology reference laboratory of the Public Health Center in Kyiv, which will perform COVID-19 testing.
“In Ukraine, because of the high cost of equipment, this initial stage is usually tested manually by laboratory staff. This limits the speed and number of tests performed. Using the new analyzer will minimize the human factor. As a result, we will significantly increase the number of tests performed and eliminate the risk of human error,” Butenko said.
The use of new equipment will increase the safety of the laboratory staff, since the apparatus performs the process of RNA extraction from the biomaterial automatically, therefore, the laboratory staff will no longer have to contact samples of potentially infected biomaterial.
To launch the analyzer, representatives of Roche Diagnostics in Ukraine will be involved in the startup of the equipment, as well as in special training for employees of the Public Health Center’s laboratory how to use the equipment.
The PCR method directly detects DNA or virus RNA in the biomaterial, therefore this method is the most reliable in the world for the diagnosis of COVID-19.

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MONEY TRANSFERS TO UKRAINE EIGHT TIMES MORE THAN MONEY TRANSFERS ABROAD

The amount of money transfers to Ukraine using international payment systems in 2018 was eight times more than the sum of money sent from Ukraine.
According to a posting on the website of the National Bank of Ukraine (NBU), the share of transfers in money transfer systems to Ukraine was 17% from the United States, 13% from Israel, 9% from Russia, 8% from Italy, 7% from Poland, and 46% from other countries (221 countries).
In 2018, both residents and nonresidents used money transfer systems to transact the following transfers: $2.301 billion in equivalent to Ukraine (28.28% of total transfers); $294 million in equivalent abroad (3.61% of total transfers) and UAH 150.53 billion or $5.541 billion in equivalent within Ukraine (68.11% of the total value of transfers).
These data do not include information on transfers transacted by banks, card payment schemes and post offices.
Domestic transfers in money transfer systems over 2018 has increased by 24.3% year-over-year (in 2017 domestic transfers accounted for over UAH 120.5 billion or $4.456 billion in equivalent). Most of domestic transfers (92%) are transacted in systems established by nonbank institutions.

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