Business news from Ukraine

Zelensky invites new Italian PM to visit Ukraine

President of Ukraine Volodymyr Zelensky had a conversation with the new Prime Minister of Italy, Giorgia Meloni.
“I congratulated Giorgia Meloni on her appointment as Prime Minister of Italy. I’m hopeful for further fruitful cooperation. We discussed Ukraine’s integration into EU and NATO. I told about the current situation in our country and invited her to visit Ukraine,” Zelensky said on Twitter.

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Ukrainian President Zelensky calls on European Union to allocate EUR 6 billion in macro-financial assistance by end of year

President of Ukraine Volodymyr Zelensky called on EU leaders to provide the remaining EUR6 billion of macro-financial assistance by the end of the year, a decision in principle on which was made in late May – early June.
“Thank you for the funds that have already been received, but a decision has not yet been made regarding the remaining 6 billion from this package, which are critically needed this year. And it is in your power to come to an agreement in principle today on providing this assistance to our state” , the President said, speaking on Thursday by video link to members of the European Council.
He also spoke about the need for more support for the implementation of the Ukrainian Fast Recovery Plan.
“You have all this data – what exactly we need. We already have an understanding of the necessary funds. This is 3.5 billion euros this year and about 14 billion euros next year,” Zelensky said.
“And so far we have received zero from these funds. And they are vital. As well as the next tranches of Macrofin for Ukraine are vital,” the head of state stressed.
As reported, in late May-early June, the EU tentatively approved the allocation of new emergency macrofinancial assistance to Ukraine for EUR9 billion, of which EUR1 billion was allocated in early August. The remaining EUR8 billion was expected to come in one tranche, but the final decision on them was delayed. One of the reasons cited is the debate over how these funds should be provided: in the form of loans or grants.
As a result, only EUR2 billion was received this week, while the Vice-President of the European Commission Valdis Dombrovskis said that the third tranche of EUR3 billion is expected in early December.

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German President still plans to visit Ukraine – Zelensky

German leader Frank-Walter Steinmeier intends to visit Ukraine, his visit is being prepared, President of Ukraine Volodymyr Zelensky said.
“Had a substantive and productive conversation with German President Frank-Walter Steinmeier. Thanked Germany for the first IRIS air defense system. We must deploy an air shield over Ukraine immediately!” Zelensky wrote on Twitter.
According to him, Germany will also help Ukraine overcome the consequences of Russian missile terror.
“We are preparing the visit of the President of Germany to Ukraine,” Zelensky added.

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Zelensky appointed new ambassadors

President of Ukraine Volodymyr Zelensky has appointed Miroslav Kastran Ambassador of Ukraine to Slovakia.
The corresponding decree of October 18 was published on the website of the head of state.
By another decree, the President appointed Serhiy Saenko as the Ambassador of Ukraine to the Kingdom of Morocco.

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Ukrainian President Zelensky to speak at emergency G7 meeting

President of Ukraine Volodymyr Zelensky said that he had agreed with German Federal Chancellor Olaf Scholz on the urgent convening of the G7 group.

“Agreed with Olaf Scholz, Chancellor of Germany, presiding over the G7, to convene an urgent meeting of the group. My speech is planned, in which I will talk about the terrorist attacks of the Russian Federation. We also discussed increasing pressure on Russia and helping to rebuild damaged infrastructure,” he tweeted on Monday.

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ZELENSKY WELCOMES IMF’S DECISION TO PROVIDE UKRAINE WITH $1.3 BLN TRANCHE

President of Ukraine Volodymyr Zelensky has welcomed the decision of the International Monetary Fund (IMF) to provide Ukraine with a $1.3 billion tranche.
“The Executive Board of the IMF has just supported the provision of about $1.3 billion to Ukraine under the Rapid Financing Instrument. The money will go to Ukraine today. Thanks Kristalina Georgieva and the IMF Executive Board for the support!” he said on Twitter on Friday.
In turn, Ukrainian Prime Minister Denys Shmyhal also said that the IMF will provide Ukraine with additional $1.3 billion.
“This means that the financing from the Fund since the beginning of the war will total $2.7 billion. The tranche will be directed at the support for our defense capacity, payment of pensions and social programs, as well as our economic resilience,” he said on the Telegram channel.
Ukraine’s international partners have provided it with around $20 billion since the beginning of the full-scale war. Thanks to this assistance “we understand how we can finance all necessary expenditures this year,” the PM said.
“We are expecting a new large IMF program next year, as well as financing from the U.S., the EU and other G7 Member States,” Shmyhal said.

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