Fitch Ratings has affirmed Ukraine’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B’ with a stable outlook, the rating agency said on its website.
The decision to partially buy back GDP warrants issued during the restructuring of Ukraine’s external debt in 2015 is aimed at reducing payments from the state budget, which next year should amount to $40 million, and for the entire circulation period of these securities may exceed $22 billion by 2040, Finance Minister Serhiy Marchenko has said.
The fall in Ukraine’s GDP in January-July 2020 slowed down to 6.2% compared to 6.5% in the first half of this year, according to the economic activity review for the seven months of 2020, published by the Ministry of Economic Development, Trade and Agriculture.
S&P Global Ratings affirmed its global scale long-term foreign and local currency sovereign ratings on Ukraine at ‘B’ and its Ukraine national scale ratings at ‘uaA’.
The decline in the gross domestic product (GDP) of Ukraine in 2020 will be 6%, but next year the economy will return to growth: in 2021 – by 4%, in 2022-2023 – by 3% annually, according to a forecast contained in the report of the S&P Global Ratings (S&P), which affirmed Ukraine’s ratings at ‘B/B.’
The task of financing the deficit of the state budget of Ukraine for 2021 of UAH 270 billion, or 6% of GDP, is feasible and can be accomplished without using the scheme for banks to purchase government domestic loan bonds at non-market rates thanks to refinancing loans from the National Bank, Finance Minister Serhiy Marchenko has said.
Dragon Capital Investment Company has improved its forecast for the fall of the Ukrainian economy in 2020 from 7.2% of GDP to 5.5% of GDP, head of the company Tomas Fiala has said.
Ukraine’s GDP is forecast to contract by 5.5% in 2020, followed by a recovery of 3.0% in 2021, according to the September Regional Economic Prospects of the European Bank for Reconstruction and Development (EBRD) published on Thursday.
The deficit of Ukraine’s foreign trade in goods in January-August 2020 halved compared with January-August 2019, to $2.43 billion from $4.96 billion, according to data from the State Customs Service presented on Tuesday. According to its statistics, the export of goods from Ukraine over the specified period compared to the same period in 2019 decreased 6.6%, to $ 30.91 billion, imports – 12.4%, to $33.34 billion.
Consumer prices in Ukraine in August 2020 decreased by 0.2% after falling by 0.6% in July and growing by 0.2% in June, 0.3% in May and 0.8% in April and March, the State Statistics Service has reported.
The draft state budget for 2021 provides for an increase in receipts by 9.4%, expenditure – by 5.1%, Minister of Finance of Ukraine Serhiy Marchenko has said.
The loan portfolio of Ukrainian banks in January-August 2020 expanded by 3.8% to UAH 1.14 trillion, including the volume of non-performing loans (NPL) – by 3.2%, to UAH 547.71 billion, according to a report posted on the website of the National Bank of Ukraine (NBU).
The retail trade turnover in Ukraine in August 2020 increased by 8.7% compared to the same month in 2019 at comparable prices, while in the previous month the growth was 8.5%, the State Statistics Service has said.
According to the report, in August compared to July 2020 retail turnover increased by 2.2%.
Prices in the primary housing market in Ukraine in July-September 2020 grew by 7.7% compared to the same period in 2019, in the secondary market – by 10.6%, the State Statistics Service has reported.
According to the service, the largest increase in prices in the primary housing market in the third quarter was seen for one-room apartments (by 9.3%) and three-room apartments (8.1%), while two-room apartments had risen in price by 5.9%.
In the secondary market, prices for one-room apartments (by 11.9%) and two-room (11.2%) increased the most, while prices for three-room apartments rose by 8.5%.
At the same time, according to the State Statistics Service, in the reporting period, the growth in housing prices slowed down in the primary market and accelerated in the secondary market. In particular, in the primary market housing prices increased 1.2% compared to the second quarter of 2020: (by 2% for three-room apartments, by 1.6% for one-room apartments and by 0.5% for two-room apartments). At the same time, in the second quarter compared to the first, growth accelerated by 1.8%.
On the secondary housing market in the third quarter of 2020 compared with the second, prices rose by 2.4% (by 3.1% for two-room apartments, by 2.6% – for three-room apartments, by 1.1% – for one-room apartments) , while compared with the first quarter they grew by 1.5%.
The figures are given without taking into account the temporarily occupied territory of Crimea and Sevastopol, as well as part of the occupied territories of Donetsk and Luhansk regions.
In the modern world of rapid technological development, you need to do a lot to be successful and stay in the top. It is especially important to know how to stay healthy and enjoy a fulfilling life, be productive and push yourself beyond limits.
Answers to the most topical questions about upgrading the body and mind will be given at the first Biohacking Conference Kyiv, dedicated to innovative ways of improving health and prolonging youth. Organized by Smile-Expo, the event will take place on November 11, 2020.
Leading experts from various industries will speak at the event: doctors, scientists, gerontologists, biohackers and many others. Among them:
– Oleksandr Kolyada – geneticist, research associate at the lab of epigenetics at the Institute of Gerontology, founder of DIAGEN lab.
– Lyudmyla Goncharova – dietarian, immunologist, two-time winner of The Battle of Nutritionists TV show on STB, founder of Goncharova Clinic.
– Oleksandr Skorokhod – Candidate of Biological Sciences, research worker at the Department of signaling cell systems at the Institute of Molecular Biology and Genetics at the National Academy of Sciences of Ukraine.
– Hlib Khodorovskyi – meditation expert, experienced mindfulness trainer.
Experts will delve into the main biohacking tools and explain the interrelation of dieting and longevity. Separately, speakers will discuss how genetic researches help to detect health risks, determine parameters of food digestion, and draw up a disease prevention program. In addition, the reports will focus on a safe approach to sports training, the benefits of mindfulness meditations and health management intended to improve productivity in all areas of life.
About safety measures at the conference
To protect guests, speakers, participants, and sponsors of the event against catching coronavirus, Biohacking Conference Kyiv will adhere to all the requirements of the Ukrainian government and the Ministry of Healthcare aimed to prevent the spread of COVID-19.
The following preventive measures will be taken at event, among others:
– Admission to the event is allowed only in a protective face mask or respirator.
– Temperature screening at the entrance.
– Availability of antiseptics in the premises, where the event will take place.
– The number of conference attendees is restricted according to the requirements of the Ministry of Healthcare.
– The distance between chairs for guests will be at least 1.5 meters.
Organizer and venue
The event is organized by the international Smile-Expo company, which specializes in industry events dedicated to innovations.
Biohacking Conference Kyiv will be held at Oasis conference hall on November 11.
More info and registration: kyiv.biohacking.events
Interfax-Ukraine – General News Partner of the event.
THE ANNUAL FORUM OF FINANCIAL DIRECTORS OF UKRAINE is a flagship event that has gathered the financial elite of Ukraine for 18 years in a row.
– The Forum takes place: November 11, 18-19, 2020
– Organizers: FA Service and Boyden
– General news partner: Interfax Ukraine
– Official Educational Partner: ACCA Ukraine, 30 CPD units for participation.
In connection with the pandemic, the 19th Forum of CFOs of Ukraine contains offline and online components:
– November 11, 2020 / Pre-ForumVirtual Workshops online – consists of seminars and master classes.
– November 18-19, 2020 / CFO Forum offline – traditionally includes 2 parallel streams of speeches, discussions, master classes and presentations.
Ukrainian CFO Forum 2020 in numbers and facts:
– 60+ TOP speakers & 30+ hours of presentations, panel discussions, debates and interviews
– Participation Offline or Online (optional)
– By participating in the forum, ACCA members can credit up to 30 CPD units.
– 600+ forum participants – potential business partners, clients and like-minded people
CFO FORUM 2020 PROGRAM
Among the speakers are well-known experts, and here are just a few of them:
– Alexander Alekhin, CEO of Kadorr Agro Group
– Yulia Dankova, CFO Metinvest Holding
– Igor Mazepa, CEO of Concorde Capital
– Julia Kiryanova, CFO Smart-Holding
– Rafael Goroyan, head of the group of companies “Prometheus”
– Svetlana Gruhal, CFO Mars Ukraine
– Yuri Geletiy, Deputy Chairman of the NBU
– Vladislav Leshchy, CFO British American Tobacco Ukraine
– Vladimir Lavrenchuk, Banker, economist
– Dmitry Grishchenko, CFO Danone Ukraine
– Sergey Bulavin, CEO of AgroGeneration
– Anna Samarina, CFO PrivatBank KB
– Nadezhda Kaznacheeva, Investment Director, UMG Investments
– Vladimir Glashenkov, Head of the Supervisory Board of the Ternopil Dairy Plant (TM Molokia)
– Natalia Baranovskaya, CFO Darnitsa
– Oleg Ustenko, Executive Director of the International Blazer Foundation
– Margarita Romanova, Director of Distribution and Logistics CIS / Middle East, GSK
Attention! For readers of Interfax Ukraine special conditions of participation apply. When registering on the Organizer’s website, indicate the promo code:
– “BUSINESS” package. 20% discount: “OfflineIU20” or 40% discount: “OnlineIU40”
– Package “STANDART”. 15% discount: “OfflineIU15” or 30% discount: “OnlineIU30”
REGISTER
We will be glad to welcome You among the CFO Forum participants – the financial elite of Ukraine!
For participation and cooperation, please contact the Organizer:
+38 (096) 225-44-19 / ihor.solovykh@cfo.ua
Interfax-Ukraine general news partner
The State Road Agency of Ukraine (Ukravtodor) has begun repair work on the sections of the route from Izmail to Vylkove with a length of 34 km (Odesa region).
As reported on the Ukravtodor’s Facebook page, work is currently being carried out on a ten-kilometer section from the city of Kiliya to the border of Izmail district. Arrangement of the base with crushed stone-sand mixture has already begun here.
The contractor is Rostdorstroy LLC.
It is noted that work is also carried out to develop designed-estimated documentation for the renewal of a 24 km section from Kiliya to Vylkove. The work is scheduled to begin early in the new year.
According to the agency, drivers will be able to use the updated route next year.
In total, in Odesa region, Ukravtodor plans to renew 194 km of roads in 2020.
Uber taxi service has launched Pool Chance in Kyiv, which provides an opportunity to share a ride with another passenger in one car.
“Pool Chance is an option in the Uber app that allows you to share a ride with another passenger in the same direction. Maximum two people can share a ride in one car, and the cost of the ride for each of them will be cheaper than in Uber X,” goes in the service statement.
Kyiv will be one of the first cities in the world to offer this new pilot service.
The company also stressed that all drivers and passengers must wear protective masks when using Pool Chance or other Uber services.
“In case another passenger is not found during the ride, the cost will be as for UberX, which is indicated in the app at the beginning of the ride. The percentage and the exact amount of cashback are dynamic and will be added to passengers’ wallets in the form of UberCash,” goes in the description of the new service.
According to Georgii Sokolianskyi, Uber’s Development Director in Central and Eastern Europe, Kyiv has already been among the first cities where the company launched new services, such as Uber Green or Uber Shuttle.
“Investing in services such as Pool Chance, we want to offer people new options for moving around the city in order to leave private cars at home, reduce the number of cars on the road and relieve traffic on popular routes,” he stressed.
By launching this service, Uber wants to help Kyiv become a greener city and maximize urban mobility, he said.
