Business news from Ukraine

Business news from Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MAY 14

Official rates of banking metals from national bank as of may 14

One troy ounce=31.10 grams

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MACRO SUMMARY OF UKRAINIAN ECONOMY IN MARCH-APRIL 2021

Fitch Ratings has affirmed Ukraine’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’ with a stable outlook, the agency said on its website.
Ukraine intends to increase the inflow of foreign direct investment (FDI) by 2025 to $15 billion per year, while at the end of 2020 their outflow amounted to $420 million, and in 2021 the National Bank predicts a recovery in FDI inflows at the level of $3 billion.
Ukraine in 2020 climbed from 80th to 63rd place in the Social Progress Index among 163 countries with score of 73.38 points versus 66.97 in 2019, according to the index data.
The National Bank of Ukraine (NBU) has revised its inflation forecast from 7% to 8% in 2021, expecting inflation to return to the 5% target in H1 2022.
The negative balance of Ukraine’s foreign trade in goods in January-February 2021 decreased by 55.3% compared to January-February 2020, to $ 256.5 million from $ 573.2 million, the State Statistics Service has reported.
The growth of consumer prices in Ukraine in March 2021 accelerated year-over-year to 8.5% from 7.5% in February, from 6.1% in January and from 5% in December 2020.
The total public debt of Ukraine in March 2021 decreased in hryvnia by UAH 38.68 billion, to UAH 2.514 trillion, in dollars – by $ 1.24 billion, to $ 90.17 billion, the Ministry of Finance said.
Prices in the Ukrainian industry in March 2021 increased by 1.6%, while in February – by 7.8%, in January – by 5.2%, the State Statistics Service reported.
Industrial production in Ukraine in March 2021 increased by 2.1% compared to March 2020, which was the first month of the introduction of quarantine due to COVID-19, and the growth adjusted for the effect of calendar days was 2.4%, the State Statistics Service has said.
Ukraine since the beginning of the 2020/2021 marketing year (MY, July-June) and as of April 30, 2021 had exported 38.92 million tonnes of grains and legumes, which is 22.9% less than on the same date of the previous MY.
The transport enterprises of Ukraine in January-March 2021 reduce transportation of goods by 3.6% compared to the same period in 2020, to 135.3 million tonnes.
The volume of construction work performed in Ukraine in January-March 2021 decreased by 12.8% compared to the same period in 2020.
Retail turnover in Ukraine in 2020 increased by 12.7% compared to 2019, which is associated with significant growth in the e-commerce segment and high domestic demand.
Publisher of “Open4Business”, PhD in Economics, Maksim Urakin

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HEAD GROUP STARTS CONSTRUCTION OF PLANT FOR PRODUCTION OF EQUIPMENT FOR WINTER SPORTS IN UKRAINE

The Austrian HEAD Group has begun construction of a plant for the production of equipment for winter sports on the territory of the industrial park Winter Sport in Vinnytsia, the start of which was postponed a year ago due to the COVID-19 pandemic, the website of Vinnytsia City Council said.
At the same time, it is specified that the commissioning of the new plant, which will be one of the largest plants of the HEAD Group, is scheduled for 2023, it is planned to create at least 1,200 jobs.
As reported, the total investment in the project is EUR 80 million, the area of production facilities for the production of skis, ski boots and bindings is 43,000 square meters.
The total area of the industrial park Winter Sport, where the enterprise will be built, is 25 hectares.

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PRIME MINISTER OF SLOVAKIA TO VISIT UKRAINE

Prime Minister of Slovakia Eduard Heger will visit Ukraine at the end of this month, Ukrainian Foreign Minister Dmytro Kuleba has said following a meeting with the head of the Slovak government.
“Pleased to meet with Slovak Prime Minister Eduard Heger to discuss trade, investments, energy and infrastructure cooperation. Ukraine and Slovakia remain reliable partners and friends. Looking forward to welcoming Prime Minister in Ukraine in two weeks,” Kuleba wrote on Twitter on Thursday.

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THE KYIV REGION WILL HOLD THE HORSE MARTIAL ARTS FESTIVAL

On May, 15 and 16 Ancient Kyiv in the Principality of Kyivan Rus («Kyivan Rus Park») invites everyone to a grandiose event in the world of ancient martial arts – the Open horseback archery championship of Ukraine «Scythians».
The strongest horseback archers of Ukraine, prize-winners of the international championships will take part in the competitions. The experienced sportsmen-virtuosos in bright historical costumes will compete in shooting accuracy from a traditional (historical) bow at full gallop.
This is an incredibly difficult task for the competition participants, and at the same time, a thrilling and exciting spectacle for the audience!
The sportsmen and the actors-stuntmen will act in a tandem with the unique horses of rare ancient breeds gathered from all around the world in the Princely stable. Some of these horses can be seen nowhere else in Ukraine, because they were brought to our country in a single number. The horses can be palmed, taken a photo with, ridden on a horseback or in a carriage.
In between the competitions, the guests will be awaited by a bright entertaining program on a historical theme with horse performances and ancient Slavic amusements.
The guests of the Principality will not only be the festival viewers, but will get a chance to become active participants of the event and join fun and interesting games, contests, dance flash mobs and master-classes.

The event is held in accordance with the requirements of the quarantine regime.
Ancient Kyiv opens at 10:00. The program starts at 14:00.
* The event program is subject to change.
The ticket price: a full adult ticket – 250 UAH, for pensioners and students – 150 UAH, for schoolchildren – 100 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Details on the website www.parkkyivrus.com

The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

FROM MAY 15 PASSENGERS FLYING FROM UKRAINE TO TURKEY DO NOT NEED TO MAKE PCR TEST

The Ministry of Culture and Information Policy informs that from May 15, passengers flying from Ukraine to Turkey do not need to present the results of PCR testing.
“From May 15, 2021, passengers flying from Ukraine to Turkey do not need to present the results of PCR testing. The Turkish government has canceled the requirement for them to present the results of PCR testing,” the press service of the Ministry of Culture said.
It is noted that this decision will enter into force on May 15, 2021 at 00:00 Kyiv time.
Cancellation of testing will also be implied to passengers from China, Vietnam, Australia, New Zealand, Singapore, Thailand, South Korea, Japan, Great Britain, Latvia, Luxembourg and Estonia.

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