Business news from Ukraine

Business news from Ukraine

FLOW OF CITIZENS CROSSING BORDER OF UKRAINE WITH EU COUNTRIES AND MOLDOVA DECREASING

The flow of citizens crossing the border of Ukraine with the EU countries and Moldova is decreasing, adviser to the Minister of Internal Affairs Volodymyr Denysenko said.
“The flow of citizens at the border of Ukraine with the EU countries and Moldova continues to decrease. The level of workload at checkpoints has also decreased significantly,” Denysenko said in a video message distributed on Thursday.
According to him, over the past 12 hours, the number of cars waiting to cross the border has decreased from approximately 3,900 to 1,425 cars, and the queue of pedestrians is 30-50 people.
Among the busiest, Denysenko noted, were checkpoints Shehyni and Krakovets.

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ALFA-BANK DENIES INFO ABOUT EXIT FROM UKRAINE

Alfa-Bank (Kyiv) denied media reports about its withdrawal from the Ukrainian market, the bank’s press service told Interfax-Ukraine.
“This is a fake. We are now resuming the work of branches in those cities where possible. All information is promptly posted on our social networks,” the press service emphasized.
According to the bank’s Facebook post, there are 26 branches in Ukraine in 16 cities of Ukraine. The list is being updated.
According to the National Bank of Ukraine, as of October 1, 2021 Alfa-Bank ranked sixth in terms of total assets (UAH 115.443 billion) among 71 banks operating in the country.

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POLISH PRIME MINISTER MATEUSZ MORAWIECKI INITIATES EUR100 BLN RECOVERY PLAN FOR UKRAINE

Systematic support for Ukraine with a plan to restore it for EUR100 billion, tougher sanctions against Russia and overall energy independence are the main postulates that Polish Prime Minister Mateusz Morawiecki presented at a meeting with European Commission President Ursula von der Leyen in Brussels on March 1.
According to the report on the website of the Polish government, Morawiecki stressed the need for a broader view of the Ukrainian issue.
“It is also very important to prepare an investment package for Ukraine, because the economy needs new investments and new jobs, and energy security is necessary as an important element of recovery after the war, which may end soon,” the official said.
According to him, this will also lead to the fact that this part of Europe will finally become independent of Russian gas, oil and coal.
“This is a necessary condition for peace to reign here in the long term,” the prime minister of Poland summed up.
During his visit to Brussels, Morawiecki demanded the most detailed package of sanctions and stressed that it was necessary.

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ON MARCH 1 UKRAINE RAISES UAH 8.1 BLN AT AUCTION OF WAR BONDS

On March 1, Ukraine held the first auction for the placement of government domestic loan war bonds, at which it attracted UAH 8.122 billion for the period of one year at 11% per annum. According to the Ministry of Finance, a total of 10 applications were submitted for the auction, all of them were satisfied.
In addition, another auction was held, at which UAH 20.7 million was raised at 10% per annum for 56 days.
The funds from the bonds will be used to meet the needs of the Armed Forces of Ukraine and the uninterrupted provision of the financial needs of the state under martial law, the ministry said.
As reported, the total volume of issuance of military bonds is up to UAH 400 billion. They can be purchased by the National Bank. However, according to available information, it was not among the buyers in the first auction.

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EUROPEAN PARLIAMENT VOTED “YES” TO EC TO GRANT UKRAINE STATUS OF EU CANDIDATE

The European Parliament voted “yes” to a resolution calling on the institutions of the European Union to work towards granting Ukraine the status of an EU candidate, thus recognizing Ukraine’s European perspective.
The corresponding document was voted on Tuesday as part of an extraordinary meeting of the European Parliament. Some 676 voted, of which 637 gave their affirmative votes, 13 were against, and 26 abstained.
The European Parliament calls on the EU institutions to work towards granting Ukraine candidate status for the EU in accordance with Article 49 of the Treaty on European Union and on merit basis, and in the meantime continue to work towards its integration into the EU single market in accordance with the Association Agreement, the resolution says.

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HUNGARIAN LOW-COST WIZZ AIR CANCELS FLIGHTS TO UKRAINE

The Hungarian low-cost airline Wizz Air has canceled all flights to Ukraine until March 27, the relevant information is contained in the airline’s booking system. According to it, the first flights available for sale to the company’s destinations from/to Ukraine are on Sunday, March 27.
Ticket holders before this date received an offer from the company to exchange them for flights with a later date, return the money or put them on an annual deposit for the purchase of tickets in the future with a 20% surcharge.
As reported, Wizz Air has suspended flights to Ukraine since February 24, when a full-scale Russian invasion of the country began. In addition, until March 4, the airline also refrains from flights to the capital of Moldova, Chisinau, instead performing them to the Romanian airport Iasi.
Wizz Air also said that it is working on the evacuation of its aircraft and employees with families from Ukraine.
According to Interfax-Ukraine, about three aircraft of the company remained at the Kyiv airport, which did not have time to take off from Kyiv on the morning of February 24.

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