Business news from Ukraine

CABINET OF MINISTERS OF UKRAINE APPROVES CONDITIONS FOR BORROWING BY STATE-RUN UKRAVTODOR

The Cabinet of Ministers of Ukraine has approved the conditions for borrowing by the State Automobile Roads Agency of Ukraine (Ukravtodor), Infrastructure Minister of Ukraine Vladyslav Krykliy said in his Telegram channel.
According to him, the funds will go to works at about 100 state-sustained building facilities.
“The interest-bearing bonds will be issued without making a public offer, the obligations under which are secured by the government. The conditions are the following: face value of one bond is UAH 1,000; interest income on bonds – 12.5% per annum and paid quarterly; bond circulation period – from one up to five years depending on its Series; the bonds is issued in five Series,” he said.
Krykliy said that this will restore roads, create jobs and stimulate contracting enterprises.

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UKRAINE’S NEW CABINET OF MINISTERS MAY NOT INCLUDE MINISTRY OF AGRICULTURAL POLICY AND FOOD

Ukraine’s new Cabinet of Ministers may not include a Ministry of Agricultural Policy and Food. A source of Interfax-Ukraine with knowledge of the situation confirmed this information.
According to the source, the ministry’s liquidation was discussed for about a month.
The European Business Association (EBA) stated its concern about the possibility of liquidating the ministry and attaching parts of it to other ministries or agencies, as did specialized agricultural associations, such as the Ukrainian Grain Association, the Ukrainian Agribusiness Club, the Ukrainian Agrarian Forum, the Agrarian Union of Ukraine, the Ukrainian Agrarian Confederation and others.

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CABINET OF MINISTERS HALVES TERMS FOR DEVELOPING NATIONAL CONSTRUCTION STANDARDS

The Cabinet of Ministers of Ukraine at a meeting approved the reduction of the total term for developing draft national construction standards from 18 months to 10 months. The respective amendments are outlined in a government resolution amending the rules of developing, approving and amending national construction standards and declaring them invalid.
The Regional Development, Construction, Housing and Utilities Economy Ministry drew up the document.
“Today, the procedure for developing national construction standards is still quite bureaucratic and delayed. Now the basic organization first forms the technical specifications for the development of the future national construction standard, and then it is published on the website and is discussed with the public, after which proposals are made and the technical specifications are reviewed. In order not to do double work and spend extra time, we suggest that together with experts, professionals and the public, we determine the essential conditions, that is, what the purpose of the future national construction standard being developed and what it is aimed at, and on the basis of this jointly and finally formulate the technical specifications,” Deputy Regional Development, Construction, Housing and Utilities Economy Minister Lev Partskhaladze said on his Facebook page.
According to the resolution, the national construction standards should be developed in accordance with the technical specifications, which are based on the results of the collection and analysis of issues that require regulation based on proposals from businesses and individuals. Also, when developing draft new national construction standards and amendments to them, substantial conditions should be taken into account, which are determined after their public discussion.

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