Business news from Ukraine

Business news from Ukraine

THE VICTORY DAY WILL BE CELEBRATED NEAR KYIV IN A LARGE SCALE

On May, 8-10 in the «Kyivan Rus Park» the celebration of the Victory Day will take place. In program: theatrical stagings on a historical theme, horse-trick performances, demonstrative master-classes on medieval weapon using, the horseback archery tournament, the acquaintance with horses of rare historical breeds and medieval amusements.

Ancient Kyiv opens at 10:00, the beginning of the program at 13:30.
 The program may change.
The visit of Ancient Kyiv is subject to the quarantine regime requirements.
Ancient Kyiv is in a 45-minutes’ drive from modern Kyiv – in the Kyiv region, Obukhiv district, vill. Kopachiv.
You can get by your own car or by public transport. The schedule of route taxis check on the «Obukhivtrans» website or on the «Kyivan Rus Park» website in the «Contacts» section.
The cost of entrance tickets:
• A full adult ticket – 230 Uah.,
• for pensioners and students – 150 Uah.,
• for schoolchildren – 80 Uah.,
• for preschool children – for free.
Detailed information on the website: 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».

UKRAINE’S INFLATION SLOWS TO 0.7% IN APRIL

Consumer prices in Ukraine at the end of April 2021 year-over-year slowed down from 8.5% to 8.4% at the end of March.
The State Statistics Service said on Friday, that inflation fell to 0.7% in April from 1.7% in March, 1% in February and 1.3% in January.
In addition, the State Statistics Service in April 2021 recorded core inflation at 0.7%, which is also lower than the previous month (1.6%).
In general, for the first four months of 2021, inflation in Ukraine amounted to 4.8%, core inflation to 3.1%.
In the consumer market in April, prices for food and non-alcoholic beverages increased by 1.2%. Sunflower oil rose in price most of all (by 10%). Prices for sugar, processed grain products, rice, bread, meat and meat products, pasta rose by 5.0% to 1.0%. At the same time, vegetables, fruits, eggs and milk fell in price by 1.3% to 0.5%.
Prices for alcoholic beverages and tobacco products increased by 0.9%, was mainly due to a 1.5% rise in prices for tobacco products.
The rise in prices (tariffs) for housing, water, electricity, gas and other fuels by 0.4% was mainly due to a 2.3% rise in prices for natural gas.
Transport prices increased by 0.6%, primarily due to the rise in the cost of travel in railway and road passenger transport by 2.6% and 1.4%, respectively, and fuel and oils by 0.8%.
The Ukrainian government expects inflation of 7.3% in 2021, the National Bank of Ukraine (NBU) some 8%. According to the NBU, the peak of the inflationary surge at about 9.6% will occur in the third quarter of 2021, and in autumn inflation will start to decline. Inflation will return to the target range of 5% ± 1 percentage points (p.p.) in the first half of 2022, where it will remain in the future, the National Bank said.

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 07/05/21

National bank of Ukraine’s official rates as of 07/05/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MAY 7

Official rates of banking metals from national bank as of May 7

One troy ounce=31.10 grams

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FUIB GETS NET PROFIT IN Q1

The net profit of First Ukrainian International Bank (FUIB, Kyiv) in January-March 2021 amounted to UAH 1 billion, which is 23.3% more than in the same period in 2020 (UAH 810.9 million), the bank said on its website. According to the report, the bank’s net interest income in the first quarter increased by 20.7% compared to the same period a year earlier, to UAH 2.03 billion, and commission fees – by 5%, to UAH 439 million.
FUIB’s assets in the first three months of the year increased by 12.8%, to UAH 84.877 billion, in particular loans to customers – by 5.5%, to UAH 39.6 billion, and cash and cash equivalents – by 1.5 times, to UAH 21.26 billion.
The bank’s liabilities increased by 15%, to UAH 75.456 billion, in particular, customer funds – by 17%, to UAH 67.3 billion, and debt to other banks – by 35.7%, to UAH 1.84 billion.
The bank’s net worth decreased by 2.7% in three months, to UAH 9.42 billion. The charter capital remained at the level of UAH 4.78 billion.
FUIB was founded in 1991. Rinat Akhmetov is the owner of a significant stake in the bank (indirect participation is 99.9%).
According to the National Bank of Ukraine, as of March 1, 2021, in terms of total assets (UAH 85.516 billion) FUIB ranked seventh among 73 banks operating in the country.

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AZOVSTAL RAISES PRODUCTION OF ROLLED GOODS

Metallurgical plant Azovstal (Mariupol, Donetsk region), part of Metinvest Group, in January-April of this year increased the production of general rolled goods, according to recent data, by 6.8% compared to the same period last year, to 1.37 million tonnes.
A representative of the enterprise informed Interfax-Ukraine that during this period steel production increased by 7.1%, to 1.45 million tonnes, output of pig iron – by 6.2%, to 1.28 million tonnes.
In April, Azovstal produced about 370,000 tonnes of general rolled products, 400,000 tonnes of steel, and 340,000 tonnes of pig iron.
In 2020, Azovstal increased output of general rolled products by 2.7% compared to the previous year, to 3.9 million tonnes, steel by 4.5% – to 4.2 million tonnes, pig iron by 9.4% – to 3.8 million tonnes.
The company is part of Metinvest Group, the main shareholders of which are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the management company of Metinvest Group.

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