National bank of Ukraine’s official rates as of 04/11/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of november 04
One troy ounce=31.10 grams
German investors believe that the main problem in Ukraine is not corruption, but the work of the judicial branch of power, German Ambassador to Ukraine Anka Feldhusen has said.
“What German investors really need is the same rules for everyone. What always scares our investors is bad examples when even large German companies in Ukraine are under pressure from law enforcement agencies, like the State Security Service of Ukraine (SBU). The reason for this is not clear to us. Companies just want to work quietly in Ukraine, to give jobs and make a profit. This is closely related to the judicial reform. Our investors tell me that corruption is no longer such a big problem,” the ambassador said in an exclusive interview with Interfax-Ukraine.
According to her, in order to attract German small and medium-sized businesses to Ukraine, they need to be given good examples that they can invest in Ukraine and be calm.
“When I used to work in Ukraine, there was always the issue of VAT refund, now it is not. Now the problem is the possibility that competitors go to court for completely incomprehensible reasons, and for large German companies it is still possible, because they have lawyers, money and time. Very often they win lawsuits, but it lasts a long time. The German economy is a medium and small business, and in order to attract them to Ukraine, they need to give them good examples that they can invest in Ukraine and be calm,” Feldhusen said.
At the same time, the ambassador said that a German pharmaceutical company recently bought the Biopharma plant in Bila Tserkva, Kyiv region. “This is a good example, because it did not happen in Kyiv, not in Kharkiv, not in Dnipro. This is a small city and it will be good for people,” she said.
“Another example is the Kostal company, which produces automotive electronics. They are already working in Pereyaslav-Khmelnytsky, and now they are opening a plant near Boryspil (both cities are located in Kyiv region). In this case, the question was about connecting the plant to the infrastructure. It is not at all clear why it was so difficult. They solved it with the help of the Ukrainian government. There will be a new plant and many new jobs,” the ambassador said.
Feldhusen said that German business has a desire to invest in Ukraine, only more good examples are lacking.
Sugar production in Ukraine as of November 2, 2020 amounted to 480,300 tonnes.
According to a report on the website of the National Association of Sugar Producers Ukrtsukor, as of this date, 30 sugar refineries were operating in the country, which processed 3.66 million tonnes of sugar beet.
As reported with reference to Ukrtsukor, the sugar beet processing season started in the country on September 5.
Sugar production in Ukraine in 2020 is projected at 1.2 million tonnes, which is 15% less than a year earlier. It is expected that 33 sugar refineries will operate this season – the same number as last year.
According to the State Statistics Service, in 2020, the area sown with sugar beet amounted to 218,900 hectares – at the level of last year.
The cost of agricultural production in Ukraine in January-September 2020 decreased by 4.1% compared to the same period in 2019.
According to the State Statistics Service, the cost of crop production in January-September decreased by 6.2%, livestock products by 1.3%, material and technical resources of industrial origin used in agriculture by 10.3%.
At the same time, according to the service, the cost of agricultural production in September increased by 3.9% compared to the previous month. Thus, the cost of crop production grew by 2.9%, livestock products by 6.3%, but at the same time, the cost of material and technical resources grew by 2.3%.
As reported, the cost of agricultural production in Ukraine in 2019 decreased by 0.64% compared to 2018.
The American Chamber of Commerce in Ukraine calls on Members of Parliament to support Draft Law #4118 on amendments to the Law of Ukraine “On Access to Objects of Construction, Transport, Electricity for the Development of Telecommunication Networks”.
Draft Law #4118 creates transparent rules and equal access to infrastructure for all the telecom market players. It obliges them to work under the transparent agreements in which the fee for access is established in accordance with the clear methods developed by the Government. This will enable not only to prevent corruption risks and improve competition but also to contribute to developing the network and digital infrastructure in Ukraine.
We welcome the development of Draft Law #4118 and look forward to its adoption in the first reading.
