Business news from Ukraine

EC PAYS UKRAINE SECOND TRANCHE OF MACRO-FINANCIAL ASSISTANCE IN AMOUNT OF EUR600 MLN

The European Commission has sent Ukraine the second tranche of macro-financial assistance in the amount of EUR600 million under the emergency assistance program, said EC President Ursula von der Leyen.
“Today we paid Ukraine a new tranche of macro-financial assistance in the amount of EUR600 million,” she wrote on Twitter on Friday.
“We have also offered an additional loan of EUR9 billion for Ukraine in 2022,” added von der Läen.
She also noted that the EU will work on a platform for the renewal of Ukraine.
The EU Council was reported to have expeditiously approved a € 1.2 billion macro-financial assistance package in February this year, with two disbursements of the first tranche of € 300 million in March.

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UKRAINE TO GET SECOND EUR 600 MLN TRANCHE OF MACRO-FINANCIAL AID ON MAY 20

The European Union has taken the decisions necessary to provide Ukraine with the second tranche of macro-financial assistance in the amount of EUR 600 million, which Kyiv will receive on May 20.
This was announced on Thursday in Brussels by representative of the European Commission Dana Spinant.
Yesterday, the decision was made to allocate the second part of the urgent macro-financial assistance program for Ukraine and to borrow funds from the capital market. This second part in the amount of EUR 600 million and the allocation of this amount is expected by May 20, she said.

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PRIME MINISTER OF UKRAINE: NEXT WEEK WE EXPECT FIRST EUR 300 MLN TRANCHE OF EU AID

Prime Minister Denys Shmyhal says that Ukraine expects the first EUR 300 million tranche of macro-financial assistance from the European Union next week, and the second one a week later.
“Next week we expect the first tranche of EUR 300 million of macro-financial assistance from the European Union, which has provided us with EUR 1.2 billion urgently. A week later, the second tranche will be allocated,” Shmyhal said in his address on Wednesday evening.

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UKRAINE WAITING FIRST EUR 600 MLN TRANCHE OF EU MACRO-FINANCIAL ASSISTANCE

Ukraine expects to receive the first tranche of macro-financial assistance in the amount of EUR 600 million in late March-early April, Finance Minister Serhiy Marchenko has said.
“The first tranche of such assistance will amount to EUR 600 million and is unconditional. We hope to receive these funds at the end of March or beginning of April this year,” Marchenko said, speaking from the parliament rostrum during an hour of questions to the government on Friday.
“Ukraine will receive the second tranche after the parties approve short-term measures regarding the introduction of structural reforms, which the teams of the European Commission and the Ministry of Finance are currently working on,” the minister added.
He called the allocation of macro-financial assistance to Ukraine unprecedentedly fast.
“The Ministry of Finance is also negotiating with the government of Japan regarding the formation of a mechanism for involving the Japanese international cooperation agency JICA in a new ‘green’ program with the World Bank on a development policy loan, the so-called green DPL,” Serhiy Marchenko said.
He explained that the possibility of attracting from $500 million from the World Bank and up to $300 million from the Japanese government was being discussed.
Earlier, the European Parliament voted in favor of the proposal of the European Commission to provide Ukraine with new macro-financial assistance in the amount of EUR 1.2 billion.

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UKRAINE’S BUDGET GETS UAH 71 BLN

After the imposition of sanctions against smugglers, the budget of Ukraine received UAH 71 billion, Secretary of the National Security and Defense Council (NSDC) of Ukraine Oleksiy Danilov has said.
“The sanctions [for smugglers] are working. Today we can say with confidence that the amount of money that the budget additionally received after the imposition of sanctions is UAH 71 billion. We, no doubt, wanted it to be more, but we draw your attention to the fact that this is just the beginning. We are not going to dwell on this issue,” Danilov said at a briefing following the NSDC meeting on Thursday.

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PRIVATBANK PAYS EUR 9 MLN MORE TO VICTIMS OF NAZISM

State PrivatBank (Kyiv) from December 24 began paying the next tranche in the amount of EUR9 million to victims of the Holocaust, in particular to former concentration camp prisoners and survivors of the German occupation, PrivatBank said on Tuesday.
According to the message, funds can be received in cash at any bank branch in cities and regions of Ukraine.
The press service recalled that PrivatBank has been making such payments since 2014 and is the only agent bank authorized by the government of the Federal Republic of Germany to pay compensation to victims of Nazism on the territory of Ukraine within the framework of the Claims Conference company.
On December 18, 2016, the government of Ukraine, referring to the proposal of the NBU and former shareholders of PrivatBank, the largest of which at that time were Ihor Kolomoisky and Hennadiy Boholiubov, decided to nationalize this largest financial institution on the Ukrainian market and injected over UAH 155 billion into its capital.
According to the statistics of the National Bank of Ukraine, as of October 1, 2021, in terms of total assets, PrivatBank was ranked 1st (UAH 550.328 billion) among 71 banks operating in the country.

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