Business news from Ukraine

Business news from Ukraine

REAL WAGES IN UKRAINE 8.1% UP

Real wages in Ukraine in November 2020 increased by 8.1% compared to November 2019 and decreased by 2.8% compared to October of this year, the State Statistics Service has said.
According to the State Statistics Service, the average nominal wage of full-time employees in November 2020 compared with the previous month decreased by 1.5%, and in annual terms (from November 2019) increased by 12.2%, amounting to UAH 11,987, which is 2.4 times higher than the minimum wage (UAH 5,000)
The department said that in October this year the average nominal wage was UAH 12,174, in September – UAH 11,998, in August – UAH 11,446, in July – UAH 10,804, in June – UAH 11,579, in May – UAH 10,542, in April – UAH 10,430, in March – UAH 11,446, February – UAH 10,847, and January – UAH 10,727.
According to the statistics department, the largest increase in the average wages of full-time employees in November 2020 compared to the same month a year earlier was observed in Luhansk (by 21.1%), Chernivtsi (by 20.7%), Ternopil (by 20%), Mykolaiv (by 19.7%), Khmelnytsky (by 18.6%), Rivne (by 18.5%), Ivano-Frankivsk (by 18.2%), Kherson (by 17.8%), Sumy (by 15.5%), and Kirovohrad (15.2%) regions.
The highest level of wages in the past month was observed in Kyiv (UAH 17,580), the lowest – in Chernihiv region (UAH 9,615).
In November 2020 against November 2019, wages in health care and social protection increased by 48.5%, in provision of other services by 43%, in the field of arts, sports and entertainment by 19%, information and telecommunications by 17.1%, in professional, scientific and technical activities by 16.5%, education by 16.2%, in the field of administrative, auxiliary services and education by 14.9%, in agriculture by 14.1%, in public administration and in the sphere of defense, compulsory social insurance by 11.2%, in construction by 9.5%, in industrial enterprises by 8%, in the field of real estate transactions by 5%, financial and insurance activities by 3.5%, in the sphere of wholesale and retail trade by 3.5%.

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 31/12/20

National bank of Ukraine’s official rates as of 31/12/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF DECEMBER 31

Official rates of banking metals from national bank as of December 31

One troy ounce=31.10 grams

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TOP 20 COUNTRIES OF UKRAINE’S FOREIGN TRADE PARTNERS IN JAN-SEPT OF 2020 (THOUSAND USD)

Top 20 countries of Ukraine’s foreign trade partners in Jan-Sept of 2020 (thousand USD).

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RIBASHOTELSGROUP OPENS HOTEL IN BUKOVEL

RibasHotels Group LLC (Odesa), the managing company of the national network of tourist hotel and restaurant complexes of 3-4-star categories, opened a four-star RibasKarpaty hotel in Bukovel (162a Vyshni Street, Polianytsia village, Ivano-Frankivsk region), which became the first facility of the company outside the Black Sea coast.
“In this project, we also acted as a developer who realized the purchase of the site, design and construction of the facility. And in the future we will manage the hotel under the Ribas brand … The site was acquired in early 2019, construction began in May of the same year and it was completed on December 12,” said founder of Ribas Hotels Group Artur Lupashko during an online briefing on Tuesday.
The hotel originally bore the working title of Ribas Bukovel, but Bukovel Group of Companies officially requested not to use the resort brand in the hotel name.
The total area of the Ribas Karpaty hotel is 3,200 square meters, hotel room capacity is 47 rooms. The hotel infrastructure includes the LIS restaurant with access to the terrace, coworking space with panoramic mountain views, swimming pool, Finnish and Roman saunas, jacuzzi, massage rooms, SPA area, and a children’s room.
The total investment in the project was about UAH 100 million, the estimated payback period is 9-11 years.
As reported, in 2020, the management company Ribas Hotels Group (Odesa) became an investor in the Mandra glamping network and plans to expand it to 20-25 franchising facilities.
Ribas Hotels Group LLC was established in 2017. According to the unified public register, Lupashko is the head and owner of a 100% stake in the charter capital of the company.

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UKRZALIZNYTSIA REPAIRS ALMOST 12,000 FREIGHT CARS

JSC Ukrzaliznytsia in January-November 2020 updated 11,903 freight cars, most of all high-sided cars were repaired – 5,953 units.
According to the press service of the company, 773 platforms, 479 covered wagons, 563 tanks, 1,066 grain carriers, 411 cement carriers, 468 hopper dispensers were also repaired during this period.
As reported, Ukrzaliznytsia in 2021 plans to allocate 3 times more funds compared to 2020 for renovation, overhaul, modernization of rolling stock and infrastructure construction.

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