Business news from Ukraine

Business news from Ukraine

UKRAINIAN RIVNE WIND PLANS TO BUILD WIND FARM

Rivne Wind LLC (Kyiv) intends to build a wind farm with a capacity of 74.4 MW (Volodymyrets district of Rivne region), according to a posting on the website of the Environmental Impact Assessment (EIA) register on Tuesday.
According to the report, under the project, it is planned to install up to 12 wind power turbines of both global and domestic manufacturers with a capacity of up to 6.2 MW each. Tower height is about 162 meters, and the rotor diameter is about 162 meters.
In addition, the project provides for the construction of a substation (SS) 35/110 kV.
According to the unified public register of legal entities, Rivne Wind LLC with a charter capital of UAH 7,000 belongs to Mykola Herasymenko.
As reported, in February 2020, Rivne Wind Energy announced its intention to build a 240 MW wind farm in Rivne region.

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WORLD BANK IMPROVES FORECAST FOR UKRAINE’S GROSS DOMESTIC PRODUCT GROWTH IN 2021

The World Bank revised upward its forecast for Ukraine’s gross domestic product (GDP) growth in 2021 to 3%, while early October it estimated the prospects for recovery to be twice as modest – at 1.5%.
According to the January 2021 World Bank’s Global Economic Prospects, estimates of the fall of the Ukrainian economy this year at 5.5% and its growth by 3.1% in 2021 remained at the same level.
As reported, the Ministry for Development of Economy, Trade and Agriculture of Ukraine maintains an estimate of the fall in Ukraine’s GDP in 2020 by 4.8% at the end of the year and expects its growth by 4.6% in 2021.
The National Bank of Ukraine (NBU) had previously expected the economy to decline by 6% last year, but towards the end of the year it improved its estimates, to about 5%, predicting a recovery in 2021 by 4.2%. The updated macroeconomic forecast of the NBU will be announced on January 21.

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VOLUMES OF CARGO TRANSPORTATION IN JAN- OCT OF 2020, MLN TONS

Volumes of cargo transportation in Jan-Oct of 2020, MLN tons.

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PRESIDENT OF UKRAINE DECLARES UAH 4.6 MLN IN ROYALTIES

President of Ukraine Volodymyr Zelensky has declared UAH 4.59 million of royalties from Kvartal 95 LLC and Kinostolytsia LLC.
Such data are contained in report about a significant change in property status published in the unified public register of declarations.
In particular, Zelensky on December 30, 2020 received two royalty payments from Kvartal 95 LLC in the amount of UAH 1.048 million and UAH 3.307 million.
Another report indicates that the president received UAH 235,000 in royalties from Kinostolytsia LLC.

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DYNAMICS OF BALANCE OF PAYMENTS OF UKRAINE (USD MLN)

Dynamics of balance of payments of Гkraine (USD MLN).

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 05/01/21

National bank of Ukraine’s official rates as of 05/01/21

Source: National Bank of Ukraine