Wednesday, November 17

This week is European SME Week. It is aimed to promote the development of small and medium businesses

and encourage more people to launch their own companies across Europe, including Ukraine. It remains challenging for many entrepreneurs to access financing and advanced green technologies and meet industry standards, especially those outside big cities. The EU, through its #EU4Business (https://eu4business.org.ua/) initiative with the help of the EBRD, through partner banks, supports the development of small and medium-sized businesses in Ukraine by providing loans and grants.

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Vuzliv distillery will be privatized with a starting price of UAH 21 mln ($0.8 mln).

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The 18th successful launch of the European Vega light rocket (RN) with an engine manufactured in Ukraine

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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.