Business news from Ukraine

INTERNATIONAL PARTNERS TO HELP UKRAINIAN OPERATORS TO PURCHASE EQUIPMENT TO UPGRADE COMMUNICATIONS

International partners will help Ukrainian operators to purchase the necessary equipment to upgrade communications in Ukraine.
As reported by the Ministry of Digital Transformation of Ukraine in its Telegram channel, due to large-scale hostilities, the Russian invaders damaged the network of Ukrainian telecom operators, which left people in many settlements without access to the Internet.
“International partners will help operators purchase the necessary equipment to update communications in Ukraine. The first equipment will begin arriving in Ukraine in the middle of April. This is a completely volunteer initiative of volunteers who are making every effort to keep Ukrainians access to important information,” the Ministry of Digital Transformation said.
The project is implemented by the Global NOG Alliance initiative with the participation and support of the Ministry of Digital Development, industry associations of the Association of Copyright Holders and Content Providers, the Internet Association of Ukraine and DEPS.
The Ministry of Digital Transformation said that Ukrainian operators continue to provide services every day in regions where it is possible, and resume Internet access for Ukrainians.
“In order to help provide Internet to all settlements faster, we are launching the Keep Ukraine Connected project,” the ministry said.

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EUR 17 BLN FROM EU FUNDS TO BE REDIRECTED TO HELP REFUGEES FROM UKRAINE

The Council today adopted legislative amendments making it possible for member states to redirect resources from cohesion policy funds and the Fund for European Aid for the Most Deprived (FEAD) to assist the refugees escaping the Russian military aggression against Ukraine. The total amount of assistance will be EUR 17 billion.
“The swift amendment of the legislation on EU funds is a clear statement of the EU’s continued solidarity with the refugees from Ukraine and with the member states hosting them, in particular those sharing borders with Ukraine, ” a communique of the European Council, distributed on Monday, reads.
“This is an important step in ensuring member states have sufficient resources to meet the growing needs for housing, education and healthcare, ” the press release reads.

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THE EUROPEAN COMMISSION WANTS TO HELP UKRAINIAN REFUGEES IN EXCHANGE OF HRYVNIA TO EURO

The European Commission (EC) put forward on Friday a proposal for the recommendation of the EU Council on the conversion of hryvnia banknotes into the currency of the member states hosting Ukrainian refugees. “This proposal complements the humanitarian assistance provided by the EU to those who flee Ukraine, in particular when they move through the territory of the union, and it is fully consistent with EU law on asylum and foreign policy,” the EC communique published in Brussels reads. The document says that since the beginning of Russia’s invasion of Ukraine, more than 3.8 million people have arrived in the European Union fleeing the fighting. One of the urgent needs of refugees is the conversion of their hryvnia banknotes into the currency of the host country. “Today’s proposal aims to promote a coordinated approach for all Member States to offer those fleeing Ukraine the same conditions for converting their hryvnia banknotes into local currency, regardless of the Member State they are in,” the statement said. European Commission. Brussels explains that this approach was necessary due to the fact that the National Bank of Ukraine was forced to suspend the exchange of hryvnia banknotes for foreign cash in order to protect Ukraine’s limited foreign exchange reserves. As a consequence, credit institutions in the EU Member States are reluctant to make the exchange due to the limited convertibility of hryvnia banknotes. Some EU Member States are considering introducing national schemes that support the conversion of a limited amount of hryvnia per person, and the aim of the Commission, as the communiqué suggests, is to consistently promote such schemes. These schemes should include a maximum limit of UAH 10,000 per person, and the duration of such schemes should be at least three months.

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EUROPEAN COMMISSION STARTS ERA4UKRAINE PORTAL TO HELP UKRAINIAN SCIENTISTS

The European Commission has launched the ERA4Ukraine portal to provide information and support services to Ukrainian scientists forced to travel abroad due to the war, according to the Ministry of Education and Science of Ukraine.
According to the press service of the ministry, on the portal you can find information about the recognition of diplomas, current vacancies, receiving social assistance and housing offers for scientists and their families.
“The ERA4Ukraine portal will operate within the EURAXESS network, which supports scientists from more than 600 research centers and contains 43 national portals in EU member states and countries that have become associate participants in the Horizon Europe research and innovation program. The portal contains information about support of Ukrainian scientists from 30 countries in English. The Ukrainian version will be available soon,” the report says.

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BIDEN: USA DOESN’T SEND TROOPS TO UKRAINE, BUT HELPS FINANCIALLY

The United States does not intend to send its military to Ukraine, but provides financial assistance, U.S. President Joe Biden has said.
“We will not send troops in to fight in Ukraine, but we will continue to support the Ukrainian people. Some $460 million in aid: from Javelin missiles to ammunition. Also, $100 million is humanitarian aid and economic support for Ukraine,” Biden said during a press conference from the White House on Friday.
He added that earlier the United States had announced $100 million in guarantees a week earlier.
“Thus, the United States will provide assistance to the Ukrainian people,” he said.

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UKRAINE WANTS TO BUILD BRIDGE ACROSS PIVDENNY BUH WITH JAPANESE HELP

The Cabinet of Ministers of Ukraine approved the draft letter to the government of Japan on the project of construction of bridge across the Pivdenny Buh river in Mykolaiv. The relevant decision was made at a meeting on Wednesday. In the explanatory note it is specified that it is necessary for official confirmation of intention and interest of Ukraine in joint implementation of this construction with the government of Japan and the Japanese agency of international cooperation, and it will also specify the priority of the project for development of Mykolaiv region and Ukraine as a whole.
The text of the letter is not provided.
As it was reported, in January, 2020 the Japanese agency of the international cooperation JICA confirmed cooperation in construction of the bridge in Mykolaiv.
JICA presented the project of construction of the bridge in Mykolaiv in June, 2018.

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