Business news from Ukraine

MAYOR OF THE UKRAINIAN CAPITAL KLITSCHKO INITIATES CREATION OF DISTRICT COUNCILS

Leader of UDAR, Mayor of the Ukrainian capital Vitali Klitschko initiates the creation of district councils in Kyiv and calls on the deputies of Kyiv council to support the decision.
“I am initiating the consideration by Kyiv Council of the issue of creating district councils in Kyiv. Let me remind you that the district councils were taken from the people of Kyiv by the Yanukovych regime in 2010, and so far the basic local government in Kyiv has not been restored. Today politicians and high-level officials are trying to control Kyiv, although this should be done by the people of Kyiv. That is why the return of district councils is an increase in decentralization, which has been curtailed recently, and the European path of development of the capital,” Klitschko said on his Facebook page.
The mayor of the Ukrainian capital said the deputies of the district councils will be able to better represent the interests of Kyiv residents, will help to increase the transparency of the use of budget funds.
“Firstly, Kyiv is too big a city for the people of Kyiv to be able to personally know their deputy, to complain and convey ideas. Deputies of district councils will be in constant communication with their neighbors, will be able to respond more quickly to their problems. Secondly, more representation means more transparency. The introduction of district councils will allow the people of Kyiv to understand what and how the budget is spent in their area, and to influence it,” Klitschko said.
The UDAR leader said the creation of district councils will not be burdensome for the capital’s budget, the deputies will work on a voluntary basis.

, , ,

CREATION OF UKRAINIAN EXPORT-CREDIT AGENCY REQUIRES EXTRA FINANCING OF UAH 80 MLN

The Export-Credit Agency could start operating in the fourth quarter of 2018 only if the budget for 2018 is reviewed and the financing is expanded by UAH 80 million, First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said.
“To take legal and organizational measures [to start the Export-Credit Agency], an additional amount of UAH 80 million is required… We insist in the past six months that the specified amount is provided for in the budget amendments for 2018,” he told the press conference on Tuesday, answering a question of Interfax-Ukraine.
He also recalled that the national budget for the current year provides funding of UAH 200 million to the Export-Credit Agency. Earlier, the Ministry of Economic Development and Trade estimated the need for additional financing at UAH 146 million.
Former Ukraine’s trade representative Natalia Mykolska earlier said that she expects that first pilot products of the Export-Credit Agency will be seen at the end of 2018.

, , ,