Wednesday, November 17

The Parliament of Ukraine, the Verkhovna Rada, has unblocked the signing of the law on the loan guarantee fund for farmers.

 The Verkhovna Rada rejected resolutions repealing the decision to pass a Partial Guarantee Fund for Agriculture law. According to the bill, farmers who cultivate up to 500 hectares will have guarantees from the state to obtain loans from financial institutions. The Fund will provide warranties of up to 50% of the outstanding principal amount and guarantees for the term of the loan agreement, but not more than ten years.

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Mortgage rates in Ukraine fell this year by 1.5%.

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The Ministry of Finance raised UAH 8.159 bln ($ 311 mln) in the placement of domestic government bonds.

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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.