Business news from Ukraine

Business news from Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF OCTOBER 19

Official rates of banking metals from national bank as of October 19

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE REDUCES SALES IN INTERBANK FX MARKET BY 83%

The National Bank of Ukraine (NBU) sold $8.7 million in the interbank foreign exchange market from October 5 to October 9, which is 83.1% less than a week earlier ($51.1).
According to the data on the website of the central bank posted on Friday, October 9, during the specified period, the NBU only sold currency and conducted all interventions at a single rate.
According to the central bank, $500,000 was purchased at the best purchase and sale price, and $8.2 million at a single rate.
In general, since the beginning of the year, the regulator bought $4.509 billion into the reserves, sold $3.363 billion, including in March it spent $2.2 billion on supporting the hryvnia, $368.7 million in July, while the central bank’s net purchase in April was $678.80 million, in May it was $660.6 million, in June – $1.155 billion and in August – $460.5 million and in September – $34 million.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 19/10/20

National bank of ukraine’s official rates as of 19/10/20

Source: National Bank of Ukraine

UKRAINE REDUCES EXPORT OF BUTTER IN JAN-SEPT

Exports of Ukrainian butter decreased 43.7%, to 8,540 tonnes, and in monetary terms 40.5%, to $37.43 million.
Import of this product in the reporting period amounted to 9,010 tonnes ($35.38 million) against 1,330 tonnes ($7.19 million) in January-September 2019.
According to the ministry, export of milk and cream (condensed) in the first nine months of 2020 decreased 30.3%, to 21,540 tonnes.
Ukraine supplied condensed milk and cream for a total of $43.6 million, which is 33.5% less than in January-September last year.
Import of this group of goods increased 3.2-fold, to 4,870 tonnes, in monetary terms by 3.3 times, to $10.95 million.

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PRESIDENT OF UKRAINE BELIEVES UKRAINE AND TURKEY COULD DO LOT IN AIRCRAFT CONSTRUCTION

President of Ukraine Volodymyr Zelensky believes that Ukraine and Turkey could jointly do a lot in the field of aircraft construction and the creation of unmanned aircraft systems.
“As for the Antonov aircraft, we are certainly pleased with the interest in this enterprise. It is just as logical that in the field of aircraft construction, we can do a lot together with our Turkish friends,” he said in an interview with the Demirören Turkish news agency, answering a question whether there are new joint projects that the two countries plan to implement in the defense industry, and whether it is possible to start joint production of Turkish unmanned aircraft and the Antonov aircraft.
Zelensky said that Turkish unmanned aircraft have proven to be the best. “This is exactly the type of hardware that can completely change the situation on the battlefield. We are certainly interested in joint production. There is nothing special to explain, everything is simple. Turkey is showing serious success in this sector, and we purchase these products. Ukraine, in turn, produces engines for unmanned aircraft. Therefore, the launch of a joint venture is a natural move,” he said.
The president also said that these are far from all areas in which Ukraine can and expects to cooperate with Turkey in the context of the defense industry. “Engine building, development of air defense systems, joint production of a corvette-class ship. The potential for cooperation is huge,” Zelensky said.

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