Real wages in Ukraine in August 2020 increased by 6% compared to August 2019, and decreased by 2.8% from July 2020, the State Statistics Service has said.
According to the State Statistics Service, the average nominal wages of full-time employees in August 2020 compared to the previous month decreased by 3%, and in annual terms (from August 2019) increased by 8.6%, amounting to UAH 11,446, which is 2.4 times more than the level of the minimum wage (UAH 4,723).
The agency clarifies that in July of this year it was UAH 11,804, in June UAH 11,579, in May UAH 10,542, in April UAH 10,430, in March UAH 11,446, in February UAH 10,847, January some UAH 10,727.
According to the statistics department, the largest increase in the average wage of full-time employees in August 2020 compared to the same month a year earlier was observed in Ternopil (by 14.9%), Mykolaiv (by 13.7%), Kirovohrad (by 13%), Sumy (by 12.4%), Chernihiv (by 12.3%), Chernivtsi (by 12.2%), Ivano-Frankivsk (by 12.1%), Khmelnytsky (by 11.9%) Rivne (by 11.7%), Luhansk (10.2%), and Zhytomyr (10.1%) regions.
The highest level of wages in the past month was observed in Kyiv (UAH 16,795), the lowest one in Chernivtsi region (UAH 8,996).
In August 2020 from August a year earlier, wages in provision of other services rose by 27.3%, in healthcare and social protection by 20.1%, in the field of arts, sports and entertainment by 19.5%, information and telecommunications by 15.1%, in the field of administrative, support services by 14.6%, in education by 11.8%, professional, scientific and technical activities by 10.1%, in agriculture, forestry and fisheries by 8.6%, at industrial enterprises by 7.2%, in real estate operations by 6%, in financial and insurance activities by 5.6%, in construction and in the sphere of wholesale and retail trade by 4.1%, in the field of public administration and defense, compulsory social insurance by 4%, at transport, storage facilities, in postal and courier activities by 2.7%.
Vodafone Ukraine mobile operator has launched LTE-communications (4G) in the 900 MHz band in 128 settlements of Cherkasy region, thus providing high-speed Internet for almost 110,000 people.
According to company’s press service, in particular, the operator has launched 4G coverage in the 900 MHz band in more than 1,700 settlements of Kyiv, Odesa, Vinnytsia, Zhytomyr, Khmelnytsky, Zakarpattia, Ivano-Frankivsk, Lviv, Ternopil, Rivne, Volyn, Chernivtsi and Cherkasy regions, thus giving access to services for more than one million people.
By the end of 2020, the operator plans to launch the LTE network in the 900 MHz band in all regions of Ukraine: in turn from west to east.
As reported, according to the license terms, by mid-2022 the operators should provide mobile high-speed Internet coverage in settlements with population over 2,000 people, covering 90% of the population of Ukraine. 4G coverage for roads of international and national importance is to be provided until the middle of 2024.
Metinvest B.V. (the Netherlands), the parent company of the Metinvest mining and metallurgical group, will buy back all 2021 eurobonds previously issued by the company for $ 115.3 million and part of 2023 eurobonds for $ 193.2 million, according to Metinvest B.V.’s report on the first results of obtaining consent to buy back its eurobonds maturing in 2021 and 2023 and the issue of new eurobonds.
According to the document, there are currently 2021 eurobonds in the amount of $ 115.3 million in circulation, and with amendments and recalculation with a fixed interest rate, $ 118.020 million will be spent on their redemption.
Currently, there are also 2023 eurobonds for a total of $ 504.515 million in circulation, while within the first stage (with the end of acceptance on September 28) applications for the redemption of these bonds for the amount of $ 193.227 million were accepted.
As reported, Metinvest is placing seven-year eurobonds worth $ 333 million with a yield of 7.95%. The demand for eurobonds exceeded $ 1.6 billion.
Sugar production in Ukraine as of September 28, 2020 amounted to 70,200 tonnes.
According to a Tuesday posting on the website of the Ukrtsukor National Association of Sugar Producers, 12 sugar refineries were operating in the country, which processed 548,900 tonnes of sugar beet.
As reported with reference to Ukrtsukor, the sugar beet processing season in Ukraine started on September 5.
The supervisory board of PrJSC Pozniaky-Zhyl-Bud (Kyiv) has decided to place book-entry targeted registered bonds in the amount of UAH 57.3 million for financing the construction of the Taryan Towers residential complex (RC) located at 12, Johannes Paul II Street in Pechersky district of Kyiv.
According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission, the decision to place K2 series bonds worth UAH 57.3 million was made on September 24, 2020.
When redeeming the bonds, the buyer has the right to receive apartments in the Taryan Towers residential complex in his or her ownership, the total area of which corresponds to the number of bonds: one bond is 0.01 square meter of housing.
The total number of shares placed equals to 88,161.
As reported, in March 2019 and June 2019, the supervisory board of Pozniaky-Zhyl-Bud decided to place book-entry targeted registered bonds totaling UAH 282.7 million, and UAH 135.2 million in December.
According to the company, as of September 24, 2020, bonds of E2, F2, G2, I2 and J2 are in circulation.
The project envisages three 31-storey towers with 214 apartments in each. The area of the land plot for the project is one hectare, the residential area is 60,000 square meters, commercial area is 10.5 square meters, and the total area of the residential area with infrastructure is over 145,000 square meters.
According to the data on the project website, the first tower will be commissioned in the fourth quarter of 2020, and the entire complex will be completed in late 2023.
PrJSC Pozniaky-Zhyl-Bud was established in 2002. Pozniaky-Zhyl-Bud Corporation specializes in the construction of elite residential real estate, commercial real estate and social infrastructure.
Since December 2015, Pozniaky-Zhyl-Bud Corporation has been a member of Taryan Group (Kyiv), an investment and development group of companies, established in 2011 by Arthur Mkhitaryan, the former president of PrJSC Pozniaky-Zhyl-Bud.
Ukrainian insurance companies collected net premiums in the amount of UAH 18.688 billion in January-June 2020, which is 7.1% less than in the same period a year earlier (UAH 20.121 billion), according to a posting on the website of the National Bank of Ukraine (NBU).
According to the regulator, the volume of gross insurance premiums collected by insurers for the specified period amounted to UAH 21.008 billion, which is 23% less than in the first half of 2019 (UAH 27.291 billion). Of these, premiums received from individuals amounted to UAH 9.589 billion, from reinsurers – UAH 1.806 billion.
According to the NBU, in January-June 2020, insurers paid out UAH 6.642 billion of net insurance payments in claims, which is 1.7% more than in the first half of the year earlier (UAH 6.527 billion). The level of net payments increased from 32.4% to 35.5%.
Gross insurance payments increased by 2.3% to UAH 6.833 billion. The level of gross payments increased from 24.4% to 32.5%. Of the total volume of gross payments, payments to individuals amounted to UAH 3.129 billion, to reinsurers – UAH 237.7 million.
According to the NBU, the volume of insurance payments belonging to reinsurers in the first half of the year amounted to UAH 4.191 billion, of which UAH 1.934 billion to nonresident reinsurers.
As of June 30, the assets of Ukrainian insurers on the balance sheet amounted to UAH 61.888 billion, while on the same date a year earlier they were UAH 65.265 billion. The volume of assets determined by legislation to represent insurance reserves increased by 30%, to UAH 55.592 billion, while the volume of paid charter capital decreased 17.3%, to UAH 9.599 billion.
The regulator also said that during the specified period, the volume of formed insurance reserves increased by 8%, to UAH 31.359 billion.
In this period, 57.897 million insurance contracts were signed.
According to the NBU, the total number of insurance companies in Ukraine as of June 30, 2020 was 215, while on the same date a year earlier there were 249 companies, including 20 (26) life insurance companies.
