Business news from Ukraine

PM OF UKRAINE WELCOMES ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT INTENTION TO OPEN OFFICE IN KYIV

At a meeting with Secretary-General of the Organization for Economic Cooperation and Development (OECD) Mathias Cormann, Prime Minister of Ukraine Denys Shmyhal welcomed the intention of the OECD to open a regional office in Kyiv.
“I informed the OECD Secretary-General about the creation in Ukraine of a plan and a fund for the restoration of our state. We strive to change the country and the economic model, based on the best world standards. Our goal is based on the principles promoted by the Ukrainian people: a European future, a transparent state and an open economy,” Shmyhal said on his Telegram channel following the meeting.
The prime minister said it is important for Ukraine to use the best practices of the OECD and implement them in the near future.
“I welcomed the intention to open a regional office of the OECD in Kyiv, this is an excellent opportunity to strengthen and accelerate our cooperation,” Shmyhal said.
Shmyhal also said the ‘green’ economy is the basic principle of the new economic model of Ukraine.
“Russia has destroyed and continues to destroy our infrastructure. There is no point in returning to the old models, so we intend to restore it according to modern principles and the latest technologies,” he said.
In addition, the prime minister said that Ukraine intends to make corporatization even more efficient, and in this matter counts on active assistance from the OECD.

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SPAIN WILL SOON RETURN EMBASSY TO KYIV

Spain soon intends to return the embassy to Kyiv, Prime Minister Pedro Sanchez said on Monday.
“Soon we will reopen the Spanish embassy in Kyiv,” he said in an interview with the Antena 3 TV channel.

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MAYOR OF KYIV ANNOUNCES CHANGES TO CURFEW TIME FROM APRIL 17

The curfew in Kyiv and the Kiev region from April 17 will begin at 22:00 and end at 05:00, Kyiv Mayor Vitaliy Klitschko said.
“The time of the curfew is changing in Kyiv and the region. From today, from April 17, the curfew will start an hour later and end an hour earlier. And it will last from 22:00 to 5:00 in the morning,” Klitschko wrote in a telegram on Sunday .

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AMBASSADOR OF FRANCE RETURNED TO CAPITAL OF UKRAINE KYIV

French Ambassador Etienne de Ponsin has returned to the Ukrainian capital, Tudor Alexis, Consul General of France in Toronto, reports.
“French Ambassador to Ukraine Etienne de Poncins raised the French flag to reopen our embassy in Kyiv and says: “Kyiv was not conquered, Ukraine withstood the aggression and we want to be as close as possible to the authorities to show support and express solidarity” , he tweeted Friday night.
As the French Foreign Ministry reported on April 14, the embassy will soon return to its permanent base in Kyiv.

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KYIV MAYOR KLITSCHKO: HOT WATER TARIFFS IN KYIV WON’T RISE UNTIL MAY 31

Kyiv will leave tariffs for hot water at the level of the previous heating season until May 31, Kyiv Mayor Vitali Klitschko said.
“Today, in the conditions of martial law, when people found themselves in a difficult financial situation, we made an important decision on the provision of public services in the capital. This decision will ensure the use of tariffs for hot water and heat energy for its preparation until May 31 at the level of the previous heating season. That is, we will extend these tariffs without raising them!” Klitschko said after a meeting of the city council on Friday.
The Kyiv mayor recalled that the city authorities managed to keep tariffs for heat and hot water in the 2021-2022 heating season – “despite a significant increase in the costs of producing these services.”
“So today, in difficult conditions for the state and people, the city continues to restrain tariffs. Further adjustment of the cost will depend on the price of gas, which will be set at the state level. Today, we are doing what we can and what depends on us,” he said.

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ON APRIL 14 CINEMA NETWORK “PLANET KINO” RESUMES WORK IN KYIV AND DNIPRO

The Planeta Kino cinema chain reopens the cinema at the Appolo shopping center (Dnipro) on Thursday, April 14, in the capital next week, Natalia Baidan, CEO of the chain, told Interfax-Ukraine.
“We work in Lviv and Odessa, tomorrow we will open in the Dnieper. Next week we will open in Kyiv. Until the end of the month, possibly in Sumy. The situation is difficult and not yet predictable with Kharkov,” she said.
The CEO of the network specified that a cinema in the River Mall will first open in the capital.
At the same time, she noted that from the point of view of business, the results of March are unsatisfactory.
“We generate losses. In normal months, our sales were at the level of about UAH 80 million per month, now it is less than UAH 2 million. I am actively negotiating with copyright holders to provide us with new releases. There is a hope that they will appear in May. Then, I hope, the situation will be resolved,” Baidan said.
The Cinema Planet network, which belongs to Triumph Media Group LLC, has nine cinemas in Kyiv, Odessa, Lvov, Kharkiv, Sumy and Dnipro. It is also known about plans to open a new cinema in the Ocean Mall shopping center (Kyiv).
LLC “Triumph Media Group” was established in 2006, the main activity is the demonstration of films.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the owner of the enterprise is Moviemax Limited (100%, Cyprus), the ultimate beneficiaries are Dmitry Derkach and Andrey Shpig. The authorized capital is UAH 72.5 million.

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