Business news from Ukraine

GERMANY DIRECTS EUR 150 MLN LOAN TO UKRAINE TO FIGHT AGAINST CORONAVIRUS

President of Ukraine Volodymyr Zelensky has held a telephone conversation with German Chancellor Angela Merkel and in the context of a possible increase of financial assistance to Ukraine to fight against COVID-19 coronavirus, they agreed to redirect EUR 150 million under a German state loan to relevant needs.
“The parties discussed the situation around the spread of coronavirus in the world, as well as practical measures taken in both countries to counter the pandemic. It was agreed to work out the possibility of establishing information exchange related to the pandemic, in particular regarding medical standards introduced to treat the disease,” the press service of the head of the Ukrainian state reports on Tuesday.
Merkel positively noted the adoption of laws on the turnover of agricultural land and on the regulation of banking. In this context, she also noted the importance of early conclusion of negotiations with the IMF on a new cooperation program.
“They also spoke about the need to allocate additional funding for Ukraine from the European Union and the World Bank,” the message reads.

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MHP ALLOCATES UAH 15 MLN TO FIGHT CORONAVIRUS

Myronivsky Hliboproduct (MHP) allocates UAH 15 million to purchase 19 artificial lung ventilators and personal protective means in Vinnytsia region.
MHP said on its Facebook page that a representative of Vinnytsia Regional State Administration and the agricultural holding developed an operational plan to counter coronavirus (COVID-19) outbreak.
“A commission has been created, the headquarters will begin work in the coming days,” the company said.
According to MHP, a shared strategy for COVID-19 prevention has already been developed. MHP purchases 19 artificial lung ventilators with a patient’s monitor and an oxygen concentrator for all hospitals in Vinnytsia region, where there are departments of infectious disease.
In addition, the purchase of personal protective equipment will be provided for Ladyzhyn city hospital, Tulchyn and Trostianets regional hospitals.
“MHP will also assist in the search and acquisition of all necessary personal protective equipment and medical devices, by involving its own specialists from the logistics department,” the company said.
MHP is the largest producer of poultry in Ukraine. It is also engaged in production of grains, sunflower oil and meat.

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EIB TO ISSUE EUR40 MLN TO UKRAINE TO FIGHT CORONAVIRUS

The European Investment Bank (EIB) plans to provide Ukraine with a loan of EUR40 million to fight coronavirus, the press service of the Ministry for Communities and Territories Development of Ukraine reports.
“Last week, Ukrainian Minister for Communities and Territories Development Oleksiy Chernyshov held an online meeting with the European Investment Bank. The parties discussed raising a loan of EUR40 million for a quick response and necessary measures to overcome the coronavirus in Ukraine,” the report says.
This loan will be provided within the framework of the ongoing Ukraine Municipal Infrastructure Program opened in 2014.
“On March 23, the ministry received an action plan from the EIB to provide the agreed loan. Now the parties are agreeing on the details and terms of cooperation,” according to the report.
It is noted that EIB representatives said they supported the strategy of the Ukrainian government and confirmed that for the whole world, and for Ukraine, it is also currently extremely important to use enough modern medical equipment to combat COVID-19.

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BUSINESSMAN RINAT AKHMETOV SENDS UAH 300 MLN TO FIGHT CORONAVIRUS

Businessman Rinat Akhmetov will send UAH 300 million to fight the COVID-19 coronavirus, combining all the resources of the charity foundation, DTEK and Metinvest, FC Shakhtar and all the assets of his financial and industrial holding SCM to help Ukraine, according to the foundation.
“Coronavirus is a disaster that the modern world has encountered on such a scale, probably for the first time. I’m absolutely sure that in this situation everyone should think how exactly he can help Ukraine and Ukrainians,” Akhmetov said.
Under the decision of the founder, the Rinat Akhmetov Foundation will purchase another 300,000 rapid tests for coronavirus for the whole of Ukraine, which will be transferred to the Stabilization Fund, initiated by President of Ukraine Volodymyr Zelensky, in the shortest possible time. In addition, at least 200 respiratory medical devices and other equipment will be purchased.
“In cooperation with the Ministry of Health, we will do everything possible to prevent an epidemic of coronavirus in the cities of our presence and throughout the country. Only by combining our efforts in the face of danger we can make Ukraine cope with all the challenges that it faces,” the businessman said.
The foundation recalled that earlier, according to Akhmetov’s decision, equipment for the effective treatment of coronavirus complications had already been purchased and handed over to the Ministry of Health: high-quality Servo-I Universal and Servo Air respiratory medical devices of Swedish manufacture and other equipment.

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PRINCELY GUERRIERS WILL FIGHT NEAR KYIV

On September, 1 the «Kyivan Rus Park» invites to the horse-trick show «The Princely druzhina». The guests will see the knightly tournament, the Princely hunt, horse-trick performances, will take part in the ancient Slavic amusements, rites, fiery round dances and master-classes. Also the guests will be awaited by the walks on horseback, tasty dishes prepared on open fire, master classes and many more from the life of the medieval city.
Ancient Kyiv opens at 10:00. The program starts at 14:00.
The ticket price: a full adult ticket – 190 UAH, for pensioners and students – 150 UAH, for schoolchildren – 60 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Route taxis leave from Kyiv from the «Vydybitchi» metro station.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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NEW UKRAINIAN LAW ON STRENGTHENING FIGHT AGAINST COPYRIGHT VIOLATIONS COMES INTO EFFECT

Ukrainian President Petro Poroshenko has signed the law “On introducing changes to Article 5 of the law on Ukraine ‘On distribution of audiovisual products, audio recordings, video recordings, computer programs and databases.'” The bill strengthens existing ways to fight piracy and copyright violations. According to the president’s press service on Tuesday, the purpose of this law is to improve the process of marking with control stamps audiovisual works, audio/video recordings, computer programs, and databases. “Thanks to the increased transparency of the labeling process, right holders will be able to effectively control the process of issuing stamps and to counteract fraud and the unlawful use of these protective elements in a timely manner,” the press service said.
The president’s press service said implementation of the law will contribute to the creation of an additional mechanism to combat piracy and copyright violations.
As reported, on September 4, Ukraine’s Verkhovna Rada passed bill No. 4571, which introduces some changes in the procedure for issuing control stamps to audiovisual works, audio and video recordings, computer programs, and databases. According to the text of the bill, applications documents, including a list of named copies, must be submitted on paper and electronic media.
At the same time, the institution that deals with issuing control stamps, within three working days from the date of issue of such stamps, will publish on its official website a list of sample names of audiovisual works, audio/video recordings, computer programs and databases indicating the works recorded on these samples, as well as data on the applicant for which the decision was made to issue control stamps, as well as their quantity, series and control number.

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