Business news from Ukraine

NATIONAL BANK OF UKRAINE APPROVES REQUIREMENTS TO SUPPLIES OF E-TRUST SERVICES

The National Bank of Ukraine (NBU) has approved a resolution on qualified providers of electronic trust services placed on the trust list under a proposal of the certificate authority, the NBU has reported on its website. According to the report, this document was drawn up with the aim of improving the quality, convenience and speed of customer service by banks, as well as to ensure compliance of the processes of providing electronic trust services with European and international standards. The resolution establishes the conditions for obtaining the status of a qualified provider and determines the requirements for the rules of its work, the composition of employees of the qualified provider and their functional responsibilities, as well as the requirements for managing access to information resources of the qualified provider. In addition, the document defines the requirements for the physical environment used by the qualified provider in the process of providing qualified electronic trust services and for ensuring the continuity of services provided by the qualified provider, as well as for managing keys of the qualified provider and using cryptographic information protection tools.
The new internal regulations of the certification center in order to bring the conditions of its activities in line with the requirements of the law on electronic trust services are outlined in the document. The document defines a list of qualified electronic trust services, the provision of which is provided by a certification center; organizational structure of the certification center; the procedure for entering of information/changes about providers into the trust list; certificate policy for the provision of qualified electronic trust services by the certification center; position of certification practices during the provision of a certified electronic trust service by a certification center.
The National Bank also canceled irrelevant legal acts regulating the activities of the NBU certification center and bank key certification centers in accordance with the terms defined in the law on electronic digital signature. The changes are outlined in NBU No. 137 resolution dated November 21, 2019 on the recognition of certain legal acts of the National Bank of Ukraine as invalid.

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SMUGGLED ELECTRONICS IN 2018 ACCOUNTS FOR 21% OF TOTAL SUPPLIES OF SMUGGLED GOODS TO UKRAINE – EXPERT

The commodity group “equipment and electronics” in 2018 was the leader in smuggling deliveries to Ukraine and accounted for 21.4% of the total volume of smuggled deliveries to the country. This was reported by the economist of the independent analytical group of macroeconomists Ukraine Economic Outlook, Hryhoriy Kukuruza, during the round table in Kyiv. According to him, the smuggling of this group of goods in 2018 amounted to $1.3 billion, which is 31% of the total imports of these goods ($4.1 billion).

At the same time, according to the expert, the market of technical consumer goods in the second quarter of 2019 showed an increase of 15% and amounted to UAH 21 billion.

Representatives of household appliance retailers present at the round table noted that the government, first of all, needs to fight not against smuggling but with its sale within the country. In particular, in their opinion, it is necessary to pass a bill that will prohibit the sale of smuggled goods in Ukraine.

“The reason for smuggling is uncontrolled domestic trade within the country. The goods are sold – no one knows about it … Therefore, it is necessary to create conditions so that no one needs smuggling,” Hennadiy Verbylenko, the chairman of the supervisory board of Comfy, said.

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INKERMAN WINE MAKER STARTS SUPPLIES TO CHINA

Inkerman Ukraine LLC plans to increase wine production to 7-8 million bottles per year in 2019 compared to 7 million bottles in 2018, director general of the company Hanna Horkun has said.
According to her, the company intends to open several export markets in 2019, in particular, China, Japan, the Baltic countries, Nigeria, and Poland.
“In the Ukrainian market, we rank third following Villa Krim and Koblevo, and our export share is still scanty. In 2018, we had a goal to stand on our feet in our domestic market. At the same time, we have been exporting goods to Canada for a long time, exported sparkling wine to Switzerland,” the expert said.
She noted that the first shipment to China will be in June 2019.
At the same time, this year Inkerman plans to increase its share in the domestic market by redesigning the classic collection, penetrating the regions and launching the new Prima Maria line.

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RUSSIA (62% OF ALL IMPORTS) AND USA (30%) ARE MAJOR COAL SUPPLIES OF UKRAINE

Ukraine increased imports of coal and anthracite coal (HS code 2701) by 9.9%, or 1.719 million tonnes, in January-November 2018 year-over-year, to 19.095 million tonnes. Coal shipments over the period under review were estimated at $2.693 billion, which was 10.8% more than in January-November 2017 ($2.431 billion), Ukraine’s State Fiscal Service said.
In particular, coal bought from the Russian Federation (61.91% of all imports) was estimated at $1.667 billion, from the United States (29.94%) at $806.349 million, Canada (4.78%) at $128.608 million, and other countries (3.37%) at $90.865 million.
In addition, Ukraine in January-November 2018 exported 63,617 tonnes of coal and anthracite to the tune of $8.627 million, including to Russia ($4.597 million), Slovakia ($3.201 million), Moldova ($0.715 million), and other countries ($0.114 million).
As reported, Ukraine plans in 2018 to increase import of steam coal by 11.3% compared to 2017, to 5.669 million tonnes.
In particular, it plans to buy 4.882 million tonnes of coal from Russia (a rise of 29.6% from 2017), 664,000 tonnes from the United States (a rise of 47.7%), and 123,000 tonnes from South Africa (a fall of 83.8%).
In 2011, Ukraine’s coal and anthracite imports totaled $2.761 billion and exports $775.109 million, in 2012: $2.637 billion and $609.392 million, respectively. These indicators in 2013 were $1.974 billion and $737.009 million, respectively, in 2014: $1.773 billion and $521.017 million, in 2015: $1.632 billion and $53.651 million, in 2016: $1.467 billion and $44.762 million, and in 2017: $2.744 billion and $105.494 million, respectively.

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LARGE PRODUCER OF HOME AND PERSONAL CARE PRODUCTS FROM UKRAINE STARTS SUPPLIES TO POLAND RETAIL CHAIN

The Biosphere Corporation (Dnipro), a large producer of home and personal care products, has entered the Polish market, signing an agreement on supplies of moist wipes Smile under the license of The Walt Disney Company and Universal with the Biedronka retail chain. “Biosphere Corporation entered the Polish market with a contract with the Biedronka chain. In one of the largest Polish networks, which includes more than 2,800 stores across the country, 15 names of the Smile brand will be presented under the license of The Walt Disney Company and Universal. Thus, the Smile brand was the first in Poland with an official license from the two largest Western studios. In the nearest future the corporation plans to enter other chains of this country,” the press service of the Biosphere Corporation said.
The corporation was also informed about the exclusive license from The Walt Disney Company and Universal, with which it has been cooperating since 2012, for using cartoon characters on the moist wipes Smile on the Polish market.
Biosphere Corporation, which has been operating in Ukraine for over 20 years, is the leader in the production and distribution of home and personal care products in Ukraine and the CIS. Its products are represented on some 20 markets in Europe and Asia. In the product portfolio the company has more than 2,000 items.

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