Business news from Ukraine

UKRAINE COMPLETES FORMATION OF REPRESENTATIVES TO GROUP ON ASSOCIATION AGREEMENT

The Council for Trade and Sustainable Development has selected two representatives of Ukraine to the Group of experts in accordance with Article 301 of the Ukraine-EU Association Agreement, thus Ukraine has completed the formation of its representatives in the Group, the Ministry of Economy reported on the website.
“Based on the results of the interviews with the candidates, two additional experts were selected by voting of the Council members. This allows us to fully form a pool of experts from the Ukrainian side and ensure the full work of the group by the end of this year,” the ministry said following the fifth meeting of the Council on Wednesday.
Additional recruitment of experts from Ukraine became a key issue of the meeting, the Ministry of Economy noted.
The ministry recalled that the expert Group should consist of 15 people: five each from Ukraine and the EU, as well as five people who are not citizens of any of the parties to the Agreement. The main task of the Group is to study any issue under Chapter 13 “Trade and Sustainable Development” of the Association Agreement between Ukraine and the EU, if this has not been satisfied through intergovernmental consultations.
Ukraine selected three experts during the fourth meeting of the Council, held in Kyiv in June 2019.
The approval of the full list of experts requires a decision by the Ukraine-EU subcommittee on trade and sustainable development, which is currently undergoing domestic approval procedures, the Economy Ministry added.

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UKRAINIAN NATIONAL FOOTBALL TEAM GETS ONLY THIRD PLACE IN GROUP

The Ukrainian national football team on Monday suffered a defeat in front of the Austrian team with a score of 0:1 in the match of the third round of the 2020 European Championship.
According to the match broadcast, in the 21st minute the Austrian national team took the lead. After filing a standard, Christoph Baumgartner beat Illia Zabarny and shot into the corner of the goal of Heorhiy Bushchan.
Mykola Shaparenko tried to attack with a blow, but the Austrian goalkeeper deflected him, and Andriy Yarmolenko’s leg did not reach for finishing.
However, the Austrians had two points to increase the score. In particular, Marko Arnautovic first missed the goal from 12 meters away, and at the end of the half, the Austrian national team player failed to outplay Bushchan.
In the second half, there were no significant changes in the game. Austria controlled the game, almost scoring into their own goal. Until the end of the half, the Austrians lost several chances to double the result. In one case, Bushchan made a save after being hit by Stefan Lainer, in the other Arnautovich made a mistake.
In general, Austria played according to the score and did not give Ukraine a chance to recoup a positive result.
As a result, with a score of 0:1, Ukraine lost the second position in the group, going down to third. Andriy Shevchenko’s team has a 4:5 ratio of goals scored and conceded, which makes it difficult to get into the playoffs due to the rating of the third teams.
The final situation in the ranking will be announced on June 23 in the evening.

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STATE-RUN NAFTOGAZ CREATES OIL DIVISION OF GROUP

NJSC Naftogaz Ukrainy has approved the creation of Naftogaz Oil Trading LLC in the oil division of the group, which will be engaged in trade with oil and petroleum products.
The decision of the shareholders – Ukrtransnafta – dated October 3, 2019 was posted on the website of the oil transmission network operator of Ukraine.
The directorate of Ukrtransnafta is to take the required measures to register Naftogaz Oil Trading LLC and ensure its further functioning.

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