Along of goods transit blockade by Russia, and also its trade aggression, Ukraine in 2016 will lose about $900 million
Natalya Mikolskaya, the deputy Minister of economic development, the sales representative of Ukraine declares that losses of Ukraine owing to trade aggression of Russia will have constituted $900 million until the end of the year. She told about it at a “the Relations Ukraine-EU: strength test” conference.
The deputy minister also emphasised that measures of Russia are directed also to the destruction of transport and transit capacity of Ukraine to the countries of the East and Asia.
Mikolskaya declared: “As of today, by our estimates, only according to preliminary estimates, losses of this year will be about $900 million because of actually transit and trade aggression of the Russian Federation”.
The deputy Minister also reminded that the European commission promulgated regulations about the provision to Ukraine of additional trade preferences on results of dialogue with Ukraine.
Mikolskaya said: “We are very grateful to European Commission for such step. Of course, it doesn’t block even the tenth part of our losses. According to preliminary estimates, if the regulations are accepted, we would receive in our trade with the European Union plus 150, to $200 million in the case of the losses which close to one billion”.
Exports of goods accounts for a third of Ukraine’s GDP.But we sell primarily raw materials abroad. It is a marker of underdeveloped countries and a path that does not contribute to economic development. Our state’s strategic task is to increase the exports of high-tech goods with high added value: that is, not just to grow […]
Apple Inc, according to a lawsuit filed by Epic Games Inc., must allow mobile app developers to redirect users to alternative resources to pay for services in the App Store. The Wall Street Journal reported this. A 30% commission is now charged on each purchase. Judge Yvonne Gonzalez Rogers concluded that Apple’s practice was uncompetitive […]
The World Bank will provide Ukraine with a second tranche of $ 350 million, but subject to certain conditions. WB Vice President for Europe and Central Asia Anna Bjerde told Interfax-Ukraine what exactly is expected from Kyiv. “The prospects for the second tranche of the Economic Recovery Development Policy Loan depend on maintaining an adequate […]
September 13, 2021 — Stockholm, Sweden — Beetroot AB, the tech division of the Beetroot ecosystem, opens a new location in Mariupol, Ukraine. The company is currently accepting applications for over fifty software development vacancies in its international client projects. In Mariupol, Beetroot will focus on building teams of tech specialists to work on a […]
The American multinational corporation Google, fined in France for copyright infringement, has announced its intention to appeal the decision of the French regulatory authorities. This was announced on Wednesday, September 1, the chairman of the board of Google France Sebastien Missoff. “We do not agree with some legal nuances and consider the amount of the […]
As of September 1, 11,499 agreements have been concluded within the land market. Poltava (2,873.6 ha) and Kharkiv (2,747.4 ha) regions are in the lead. This was reported by the press service of the Ministry of Agrarian Policy. It is noted that 4836 notaries have applied for access to the State Land Cadastre. A total […]
In the first half of 2021, Metinvest earned $ 2.769 billion compared to a loss of $ 240 million a year earlier, according to the company’s press service. According to the financial report, as of June 30, the Group’s net debt decreased by 52% since the beginning of the year – to $ 1.016 billion, […]
The State Property Fund of Ukraine has put the Vinnytsia diamond processing plant Crystal up for privatization auction for almost 90 million hryvnias. This is stated in the message of the Foundation. It is noted that the plant not only cuts and grinds precious stones, but also makes jewelry. They produce more than five thousand […]
LLC Dan-Pharm Ukraine expects to put into operation pig factory farm on feeding of 25 thousand hogs in Korostensky district in the Zhytomyr region. On Tuesday, Vadim Shestakov,the First Deputy CEO of the company told journalists during the AgrarianOlympus of 2016 international congress : “We began to build it in 2014 and we have been […]Next
If coronavirus vaccines become widely available and help restore international trade and economic growth, the dollar is likely to fall by 20% in 2021. Bloomberg reports that this forecast was made by Citigroup Bank. If the forecast comes true, it will be a record drop since 1985, when the DXY index fell by 18.5% over […]Next
The Danish government will stop issuing new licenses for the development of oil and gas fields in the North Sea. The country will completely stop hydrocarbon production by 2050, according to Bloomberg. The Danish government reached an agreement with parliament late Thursday night to abandon a previously scheduled eighth round of licensing, as well as […]Next
In Ukraine it is observed the decline in the production of sauces , namely the manufacture of ketchup, sauces based on mayonnaise and mustard. But, nevertheless, the export of these products was reduced insignificantly by manufacturers and domestic demand continues to be satisfactory. According to the State Statistics Service of Ukraine, figure of ketchup manufacturing […]Next
The ADM Company wants to invest in Illichivsk Commerce Seaport. It is reported by the press-service of the port. The ADM already has the working capacities in the port of Odessa, the company decided to take a part in the tender for the implementation of the investment projects on the territory of the Illichivsk Commerce […]Next
Shares of Amazon, which rose by 73.8% since the beginning of the year (more than the growth of Apple, Microsoft, Google and Facebook), fell 2% after closing trading on Thursday, when the company released a report for the 3rd quarter, which ended September 30. Amazon set a new revenue record, e-commerce increased sales by 57% […]Next
The American multinational corporation Google, fined in France for copyright infringement, has announced its intention to appeal the decision of the French regulatory authorities. This was announced on Wednesday, September 1, the chairman of the board of Google France Sebastien Missoff. “We do not agree with some legal nuances and consider the amount of the […]Next
National Bank removes from circulation 25 of coin. From October 1, a coin of this denomination ceases to be a means of payment. This was stated at a briefing by Deputy Head of the NBU Oleksiy Shaban, according to the website. According to him, from October by these coins will not be able to pay […]Next
The resumption of the number of tourists in New York is possible after the vaccination process begins in 2021, said the head of the New York Department of Tourism Fred Dixon. This was reported by CNN with reference to the forecast of the New York Department of Tourism. “Given the uncertainty of the prospects for […]Next
BioNTech from Mainz and US pharmaceutical giant Pfizer have announced the successful third phase of clinical trials of the vaccine from COVID. The company said in a statement that registration is expected in November. According to the release, the third phase of clinical trials of BNT162b2 showed its effectiveness by more than 90% among trial […]Next
The total net losses of subordinate companies of the State Agency of Motor Roads of Ukraine in 2020 amounted to UAH 116.5 million. This is evidenced by the report on the implementation of the financial plan, which analyzed the Marlin project. It is noted that according to the results of 2019, Ukravtodor suffered losses amounting […]Next
Ukraine plans to attract $ 5 billion in investments this year. Deputy Minister of Economic Development Iryna Novikova stated this at the Ukraine 30 business forum. The Ministry of Economy believes that this amount of investment will be able to attract thanks to concessions, support for large investment projects and industrial parks. Thus, Novikova noted […]Next
In the case of vaccination of 10 million people at risk, Ukraine can receive a loan of $ 30 million from the World Bank, and the total assistance will be $ 90 million, according to the Ministry of Finance. This financial assistance can be provided under the COVID-19 Emergency Response and Vaccination in Ukraine project […]Next
European airline Airbus will lay off 15,000 employees worldwide due to the restoration of the quarantine restrictions on the flights. This was stated by the Airbus Chief Operating Officer Michael Schollhorn. Prospects for the aviation industry deteriorated again due to the growing number of the coronavirus infections, he said. According to Schollhorn, the situation in […]Next
Kyiv intends to build the airfield for unmanned aerial vehicles in five years. This was stated by the head of the All-Ukrainian Federation of Drone Owners Taras Troiak, said in the message from the National League of Transport Business on the Facebook. “We have the Quadroport project that we want to implement in Kyiv. It […]Next
Prosecutor General Iryna Venediktova has reconciled three suspicions with former officials of PrivatBank, the press service of the Prosecutor General’s Office reports. Thus, the notification on the change of the previously reported suspicion to the former chairman of the bank’s board, the former deputy chairman of the board and the former head of the interbank […]Next