To get the next tranche of credit from its main creditor – the IMF, Ukraine should solve the issue of adopting a law which provides the demonopolization of the alcohol industry. This information was published by the head of the Ministry of Agrarian Policy of Ukraine Taras Kutovyi on his Facebook profile.
The adoption of such a law appears a trigger for the Fund to transfer additional credit facilities to Ukraine, – said the Minister.
Also Taras Kutovyi noted that the above-mentioned bill at the moment has already passed a government committee, and received the support of the Cabinet of Ministers together with the Committee on Economic Policy of Verkhovna Rada of Ukraine.
Earlier the head of Ministry of Agrarian Policy explained that with the adoption of this law it will be easier to improve all procedures and eradicate corruption in this industry of Ukraine.
UNIAN reported that on 16 November last year at a meeting of the Cabinet Kutovyi noted that the bill proposes to combine alcohol production in the two groups and to privatize all the assets of the industry. The first group will represent the enterprises, which are the most interesting in the context of vodka companies, and the second – fabricators of bioethanol and industrial alcohol.
The Ukrainian Sokil-300 drone is an analogue of the Turkish Bayraktar and it may join the army next year. The head of Ukroboronprom Igor Fomenko announced it in an interview with RBC-Ukraine. “This is an analogue of the same Turkish Bayraktar. With funding it may already be adopted in a year,” he said. Fomenko says […]
Last week, the value of cryptocurrency fell sharply, but now it is approaching a historic high again. According to Coin Desk, after a sharp drop last week, the value of bitcoin broke the record and reached $ 19,686. Thus, the cryptocurrency exceeded the value recorded on December 16, 2017 by $ 20,665. But the absolute […]
The Kyiv shipyard Kuznya na Rybalskomu (Ukrainian: “Кузня на Рибальському”) has returned to the state budget more than 300 million UAH, which the Ministry of Finance had previously paid on the company’s debts. It is noted that in 2017 the government provided state guarantees for a plant loan from Ukreximbank. The credit line allowed to […]
The State Property Fund sold the Khorostkiv distillery at auction for UAH 55 million. This was reported on the auction page. This is the tenth enterprise in the industry to be privatized. Its initial cost was 31.4 million UAH. It is noted that four buyers participated in the auction for the sale of the Khorostkiv […]
Following the third phase of trials of its COVID-19 coronavirus vaccine, Moderna said the drug was generally well tolerated and no serious health problems were identified. According to the company, the effectiveness of its vaccine reaches 94.1%, and 100% for preventing severe coronavirus cases. Previously, the manufacturer estimated the effectiveness of its drug at 94.5%. […]
Latvian airline AirBaltic will resume flights to Ukraine on December 1 and will start a new flight Vilnius-Kiev to Boryspil airport. The schedule includes departures twice a week on Tuesdays and Saturdays on Airbus A220-300. Flights from Vilnius will depart at 09:00, from Kiev – at 11:15. “Vilnius Airport can be used for transit to […]
German Finance Minister Olaf Scholz said that eurozone finance ministers had agreed on a package of measures to reform the European Stabilization Fund (ESM). “The ESM reform strengthens the euro and the entire European banking sector,” said Scholz, whose country currently holds the EU presidency. According to the agreements, a new “safety cushion” for European […]
The British government hopes that in the coming weeks the relevant authorities of the country will register two vaccines against coronavirus. Boris Johnson, the Prime Minister announced it in an interview with Sky News on Monday, November 30. “So far, no vaccine has been approved for use by the Medicines and Medical Devices Agency. However, […]
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The construction of the port terminal is a major investment project for UkrLandFarming. This was told by the founder and owner of the agricultural holding Oleg Bakhmatyuk in an interview to the Latifundist.com. “The main investment project, for which we will raise money, is the construction of the port terminal. In my opinion, today there […]Next
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On Tuesday, Chinese Foreign Minister Wang Yi presented the government’s initiative to implement global data security standards, “golden rules” which should be applied by Chinese and other companies around the world. Among a number of points, the key ones are: preventing the illegal receipt of confidential personal information, ensuring the storage user`s data on the […]Next
As “Liga.net” reports, ATB will have finished the transaction on purchase of large West Ukrainian Barvinok retail network until the end of the year. ATB,the largest food retailer buys the Barvinok West Ukrainian network.The network has already changed the owner in 2015. Then Eurotek purchased it. The investment banker who wished to remain unnamed reported:”ATB […]Next
EY Company provides an Accelerating Entrepreneurs Program, which helps to fast-growing startups to develop their business.Participants, who have passed the competition, will get the opportunity to take part in the complex program. It is included the personal consultations, networking and experience exchange. The program also is annexed the access to the strongest and extensive entrepreneurial […]Next
The financial results of the quarter, which covers the period from April to June, were most affected by the COVID-19 pandemic, especially in the tourism industry. Many countries have closed their borders, travel conditions have become more difficult, and most travelers have canceled their traditional trips during the hottest tourist season due to concerns about […]Next
Against the background of recent events, the issue of nationalization of enterprises in Ukraine is currently discussed with enviable activity. Even those citizens for whom this issue is not a subject of personal interest, were involved in some sort of discourse on the advantages and disadvantages of this process. What is the sense of nationalization, […]Next
Within 10 months of last year, Ukraine had supplied toy glass products (90.6%) in 25 countries, including most EU countries, amounting to $ 4,5mln. It is reported on the Facebook page of Natalia Mykolska – Deputy Minister of Economic Development and Trade of Ukraine. On the EU market it has sold 62.3% of Christmas decorations. […]Next
Former special representative of the US State Department on Ukraine Kurt Walker on Tuesday, September 1, became an independent member of the Board of Directors of BGS Rail. This was reported by LIGA. Business with reference to the press release. It is noted that Kurt Walker will also work as an advisor to the chairman […]Next
The decision of the Constitutional Court violates Ukraine’s obligations to Western creditors. This was reported by the Ministry of Finance with reference to the statement of the head of the department Serhiy Marchenko. He addressed to the assessments of the World Bank management regarding the decision of the Constitutional Court on the officials’ e-declarations. “They […]Next
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The Turkish company Molino intends to build a modern grain terminal in Odessa with a fast speed of stowing a ship. During the investment forum “Prospects of development of sea trading ports of Ukraine” in Odessa the Turkish company Molino offered investors to construct modern grain transfer complex with a fast speed of stowing a […]Next
Intel has received licenses from US regulators to continue supplying certain products to Huawei Technologies. The list of products is not specified. Due to the significant deterioration of relations between the United States and China, Washington is putting pressure on the governments around the world to oust Huawei from the market. The US government claims […]Next
The London Court of International Arbitration upends the long-term dispute between the Arricano Real Estate and Stockman Interhold in respect of ownership of the Sky Mall shopping center. For a long time the conflict over the asset has been one of the most high-profile cases and negative in the sphere of development of Ukraine. May […]Next