Business news from Ukraine

REPRESENTATIVES OF TOURISM INDUSTRY APPEAL TO PRESIDENT OF UKRAINE FOR HELP

Representatives of the tourism industry have appealed to President of Ukraine Volodymyr Zelensky, the government and the profile committees of the Verkhovna Rada with the request to create an anti-crisis committee with the participation of tour operators and to facilitate the mirror opening of borders with other countries, the press service of the Ukrainian League of Industrialists and Entrepreneurs (ULIE) has said.
According to the appeal, the tour operators demand negotiations between the Foreign Ministry and the countries that have opened borders for other countries, excluding Ukraine, as well as the introduction of mirror and simultaneous opening of borders with them.
The representatives of the industry insist that inbound and outbound tourism should receive equal support from the state.
“Designate professionals who will understand the difference between inbound, outbound and domestic tourism. These are concepts that cannot be interchangeable. Why are anti-crisis steps today are taken in the format of replacing outbound tourism with inbound tourism? This is not a way out of the crisis for the industry, but only a substitution of concepts, which will lead to even greater decline,” the appeal states.
According to the tour operators, more than 250,000 people work in the industry, and during quarantine thousands lost their jobs. In addition, travel companies incur losses due to penalties for the return of paid and unused tours. At the same time, the industry representatives emphasized that they do not require financial subsidies or provision of jobs.
The appeal was prepared by representatives of the tourism industry together with the anti-crisis council of public organizations and the ULIE.

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LARGE UKRAINIAN BUSINESS WILL SET UP SEPARATE FUND TO HELP COUNTRY

President of Ukraine Volodymyr Zelensky has reported that he urged the large business to help the country, which “has been feeding it for many years” with finances, namely a separate fund will be set up for purchase of medicine and other necessary means during coronavirus spreading.
“We urgently need 50 ambulances. This is the amount that is not enough for our hospitals. We talked about certain means … Honestly, I spoke frankly with them that this country has been feeding them for many years – it’s time you (large businessmen) to help the country,” he said on the air of the Freedom of Speech program on ICTV.
Zelensky said that a separate fund was setting up “and UAH 12-13 billion is needed from businessmen for medicine.”

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CREW OF UKRAINIAN PLANE CRASHED IN IRAN NEVER CALLED FOR HELP – REPORT

The crew of a Ukraine International Airlines (UIA) jetliner that crashed in Iran never reported an emergency on board, Associated Press said on Thursday with reference to an initial report released by Iran’s Civil Aviation Organization. According to the report, the crew also did not make a radio call for help and were trying to turn back for the airport when the plane went down.
In turn, Bloomberg reported that Ukrainian investigation team has arrived in Tehran on Thursday.
According to Bloomberg, the UIA aircraft disappeared from radar detection at 2,440 meters.
UIA’s Boeing 737-800 crashed shortly after take-off from Imam Khomeini International Airport in Tehran on January 8, 2020 in the morning.
Some 167 passengers and nine crew members were on board. All of them died.
The plane, which was carrying out the PS752 flight from Tehran to Kyiv, disappeared off the radars two minutes after takeoff.

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WORLD INTELLECTUAL PROPERTY ORGANIZATION TO HELP UKRAINE IN DEVELOPING NATIONAL STRATEGY FOR INTELLECTUAL PROPERTY

First Deputy Prime Minister and Minister of Economic Development and Trade Stepan Kubiv and Director General of the World Intellectual Property Organization (WIPO) Francis Gurry have reached an agreement on a joint project to develop the National Strategy for Intellectual Property in Ukraine. “I just met with Director General of the World Intellectual Property Organization Francis Gurry. It is nice that his organization has highly and positively appreciated our work in reforming our intellectual property domain. We agreed on a joint project to develop the National Intellectual Property Strategy and continue to form an extensive network of innovation support centers in Ukraine,” Kubiv wrote on his Facebook page.
Also, he said, together with WIPO, Ukraine will continue to introduce alternative procedures for resolving disputes in the field of intellectual property.

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EUROPEAN INVESTMENT BANK GIVES EUR 50 MLN LOAN TO HELP UKRAINE’S RAILWAY AND ROAD AUTHORITIES

The European Investment Bank (EIB) has approved a EUR 50 million credit line to help Ukraine’s railway and road authorities, Ukrzaliznytsia and Ukravtodor, eliminate bottlenecks in European transport networks. As the bank announced, its board of directors approved the project on September 19, 2018. It covers projects for small transport infrastructure worth up to EUR 20 million.
Loans are to be used to improve interaction within the framework of the Eastern Neighborhood and provide substantial support for small-scale but locally significant projects. It is also expected that such financing will improve traffic safety.
The EIB document states that the total cost of this framework project is approximately EUR 110 million, but other sources of co-financing are not specified.

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