The World Bank is providing Ukraine with $880 million for social protection under the SPIRIT project, which is aimed at modernizing Ukraine’s social protection system, supporting vulnerable population groups, and strengthening community resilience. This was announced by the Ministry of Social Policy, Family and Unity.
The project financing includes an $860 million World Bank loan and $20 million in grant co-financing from the United Kingdom and Germany through the Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund (URTF).
The project предусматривает the implementation of three key reforms. The first is the creation of a unified Basic Social Assistance system to replace fragmented support programs. The second is the reform of social services financing. Public funds will be allocated according to the principle that “money follows the person,” through the procurement of services from public, community-based, and private social service providers. The third is the modernization of the support system for persons with disabilities. This involves a shift from the medical model of disability assessment to a people-centered approach that evaluates individuals’ actual needs and expands access to rehabilitation, assistive devices, and employment support.
The project will be implemented by Ukraine’s Ministry of Social Policy, Family and Unity and is expected to benefit more than one million people, including low-income families, families with children, persons with disabilities, elderly people, and caregivers.
A mission of the International Monetary Fund has arrived in Kyiv and begun its work. This was announced by IMF Resident Representative in Ukraine Priscilla Toffano. “An IMF mission led by Gavin Gray is beginning meetings today with representatives of the Ukrainian authorities and other partners in the context of the first review of the […]
The market capitalization of American company Micron Technology, one of the largest memory chip manufacturers in the United States, has exceeded $1 trillion for the first time, Reuters reports. The company’s shares rose by 17.4% during Tuesday’s trading session, reaching $881.6. At one point during the session, gains climbed as high as 19.3%. Amid the […]
Ferrari’s first production electric vehicle sparked mixed reactions not only among fans of the brand but also among investors, CNBC reports. Following the official presentation of the new Ferrari Luce, the company’s shares fell noticeably on stock exchanges in the United States and Italy. During morning trading in the U.S., Ferrari shares lost 4.6% of […]
The Interdepartmental Commission on International Trade has decided to launch an anti-dumping investigation into imports of coated carbon steel flat products to Ukraine from Turkey, Vietnam, South Korea, and India. This was reported by Government Courier. The decision was adopted following a review of complaints filed by Ukrainian producers and conclusions provided by the Ministry […]
A 45% increase in freight tariffs, as proposed by Ukrzaliznytsia, poses risks of reduced production, loss of billions in budget revenues, and depreciation of the hryvnia. Therefore, the key task now is to stabilize the financial condition of Ukrzaliznytsia without harming the national economy. This was stated by Volodymyr Husak, Director General of the Federation […]
The National Commission for State Regulation of Energy and Public Utilities (NCSREPU/NKREKP) has approved a draft decision to increase the electricity transmission tariff of Ukrenergo starting from July 1. According to the document, the tariff is proposed to be set at UAH 903.53 per MWh (excluding VAT), which is 21.62% higher than the current rate. […]
On May 26, the Verkhovna Rada failed to support amendments to the Customs Code that would have introduced taxation on international parcels valued at up to €150. This was announced by Member of Parliament Yaroslav Zhelezniak. The amendments concerned draft law No. 12360, which proposed abolishing the duty-free threshold for importing goods through international postal […]
European airports could face a systemic shortage of aviation fuel within three weeks if the Strait of Hormuz is not fully reopened, the Financial Times reports, citing Airports Council International Europe, which represents more than 600 airports and 95% of air traffic in Europe. In a letter to European Commissioner for Transport Apostolos Tzitzikostas, the […]
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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 […]
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Two newest An-132D and An-178 aircraft were excluded from the state register of civil aircraft in Ukraine. The relevant order was published on the portal of the State Aviation Service of Ukraine. The decision was made due to the lack of airworthiness certificate for the aircraft for two years, and the State Aviation Service did […]
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On 21st of March 2019, at 7 pm, The German-Ukrainian Chamber of Industry and Commerce for the first time will get a VIP treatment for the key men, executives and stakeholders of German and Ukrainian businesses in a ball-room of Fairmont Grand Hotel Kyiv. During this exquisite event, guests will enjoy a bright ball night […]
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MP Douglas Carswell launches Ukip policy calling for greater sensitivity in legal process to avoid breakup of families and forced adoptions Secrecy within the UK’s system of family courts is allowing social workers to “ride roughshod” over ordinary people and resulting in the unnecessary breakup of families and forced adoptions, the Ukip MP Douglas Carswell has warned. […]
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The American corporation Microsoft has received permission from the New Zealand Department of Foreign Investment to build data centers in Auckland. This is stated in a statement issued by the agency on Wednesday. “New Zealand subsidiaries of Microsoft Corporation received management’s approval of foreign investments to purchase business assets, including various land, to further creation […]
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International financial company Fairfax Financial Holdings Limited (Toronto headquarters, Canada) purchased 9.99% of shares of agricultural Ukrainian holding Astarta, which is the flagship of the domestic sugar market, which also is one of the largest provider of milk in the country. In addition,a new owner of shares acquired the right to purchase the remaining interest […]
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Harley-Davidson Inc., the largest motorcycle manufacturer in the United States, has announced its plans to cut about 700 jobs worldwide as part of a global business reorganization caused by the economic crisis due to the coronavirus pandemic. According to the company press release, the restructuring plan expected to reduce its global staff by about 13% […]
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Ukraine continues to work on prevention the Russian Nord Stream-2 gas pipeline from operating. The methods by which Kyiv hopes to prevent the launch of the gas pipeline were revealed by the head of Naftogaz Yuriy Vitrenko in an interview with Radio Svoboda. “The battle is lost, but the war is not lost. And our” […]
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US International Business Machines Corp. (IBM) slightly increased its net profit in the third quarter of 2020, despite on the declining revenue in the context of the coronavirus pandemic, forcing businesses to delay implementation of projects to preserve capital. According to the press release of the company, Net income in July-September was $ 1.7 billion, […]
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Big changes are planned in the US Gannett company which decided to coordinate the work of their local and national brands in a new group called USA TODAY NETWORK. On Thursday, December 3, 2015 American media company Gannett announced the merger of its brands in the USA TODAY NETWORK group to improve the quality of […]
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Ukrzoloto opens the jewelry store under the brand “Golden Place” in Wroclaw (Poland). “For placing the store the company chose a location in the largest shopping center in Wroclaw –“Aleja Bielany” , – says a member of the board of the “Ukrzoloto” Andrei Zhuk. Over 30 thousand jewelry brands: SoVa, Roberto Bravo, Kimberli, Golden Silver, […]
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Continuing a topic of the relations correct registration between investors and the builder we continue to inform about legal niceties of such relations possible options registration within a “Construction scam”special project. We have already said about how to arrange the agreement of share participation, the purchase and sale provisional agreement. Today it will be an […]
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Moldova has decided to halve its natural gas transit tariff to Ukraine for the 2025–2026 heating season, the National Energy Regulatory Agency of Moldova (ANRE) announced on its website. The approved changes stipulate that, for a period of six months — from November 2025 to April 2026 — the gas transportation tariff will be reduced […]
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Romania has approved a decree allowing the government to take state control of the assets of Russia’s Lukoil due to sanctions, Reuters reports. The Romanian government has now obtained the right to appoint special administrators for companies under international sanctions if their activities threaten energy security, cause price spikes, or disrupt the functioning of economic […]
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In Ukraine it will be one less source of information. Ukraine Today is an online channel with International broadcasting, which is owned by Ukrainian businessman and former owner of Privat Bank Ihor Kolomoiskyi. The fact that in the near future Ukraine Today will stop their work became known from the publication of General Director of […]
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