Friday, November 19

Depositors of insolvent banks received almost UAH 50 million in returned funds in October.

 For 10 months of 2021, the Deposit Guarantee Fund of Individuals paid UAH 816.2 mln ($31 mln) in guaranteed compensation to depositors of insolvent banks, of which UAH 49.8 mln ($1.9 mln) in October 2021. The Individual Deposit Guarantee Fund reimburses depositors of insolvent banks in the amount of the deposit, including interest accrued at the end of the day preceding the day of the Fund’s withdrawal from the market, but not more than the maximum amount of compensation, which is UAH 200,000 ($7,605).

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The Parliament of Ukraine plans to allocate an additional UAH 2.5 bln ($95 mln) for roads and infrastructure projects.

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The development of the processing industry in 10 years might double GDP to $300 bln.

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A New Economic passport for Ukrainians by December 10 was announced by the President of Ukraine, Volodymyr Zelensky. “By December 10 this year, for the first time in the history of our independence, I am introducing a bill on the economic passport of Ukrainians”, said the President during his annual address to the Parliament of Ukraine. “All funds and fees for using the Ukrainian subsoil will be accumulated in the personal accounts of children of Ukrainian citizens”, he said.

Ukraine, Georgia, and Moldova discussed cooperation in the field of trade, security, and healthcare. The Prime Minister of Ukraine, Denys Shmyhal, the Prime Minister of Georgia, Irakli Garibashvili, and the Prime Minister of Moldova, Natalia Gavrilița, met in the format of the Associated Trio. They discussed cooperation in the field of trade, security, and healthcare with the President of the European Parliament David Sassoli. Denys Shmyhal noted that the initiative of the Associated Trio is aimed at deepening the process of European integration of Ukraine, Georgia and Moldova, as well as ensuring further strategic

Nord Stream 2 will be launched without certification might be possible.  According to reports in the German newspaper, Handelsblatt, the gas pipeline may start operating without certification. This scenario was played out with German projects NEL and EGL 401. However, in this case, Nord Stream 2 may be fined €1 mln, according to the estimates of the German Federal Network Agency (BNA). The penalty for putting the gas pipeline into operation in Germany was acceptable, given that the cost of the entire Nord Stream 2 project is €10 bln.