Business news from Ukraine

Business news from Ukraine

UKRSPECEXPORT SEES 36.6% RISE IN REVENUE

The state company for import and export of military and special purpose products and services, Ukrspecexport, which is a part of the Ukroboronprom State Concern, received revenue in the amount of UAH 1.53 billion in the first half of 2020, which is 36.6% more than over the same period in 2019, according to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission.
According to the report, Ukrspecexport saw a 2.2-fold increase in net profit, to UAH 148.95 million, over the first six months of 2020.
According to previously published report, the company’s revenue increased by 57.3%, to UAH 672.06 million, in Q2, 2020 as compared to the same period last year, while its net profit reduced by 64.3%, to UAH 14.51 million.
Ukrspecexport’s debt in advanced payments, which dropped from UAH 3.96 billion to UAH 1.96 billion in 2019, reduced to UAH 1.27 billion in H1, 2020. In general, current obligations and collaterals reduced from UAH 4.87 billion to UAH 4.55 billion, and there were no long-term liabilities.
In H1, 2020, the company had 432 employees, the same as at the beginning of the year. The total amount of salaries expense reduced by 4.7%, to UAH 136.53 million (on average, UAH 52,700 per employee per month).
In 2019, Ukrspecexport’s net profit dropped by 13.5%, to UAH 200.59 million, while its revenue increased by 2.3 times, to UAH 3.449 billion.

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UKRAINE INTERNATIONAL AIRLINES TO OPERATE FLIGHTS TO NEW YORK, MIAMI

Ukraine International Airlines (UIA, Kyiv) will operate special flights to New York and Miami (the United States).
According to the press service of the company on Wednesday, July 29, in particular, flights to New York are scheduled for August 3 and August 7 at 11:25, and in Miami for August 5 at 13:00. Flights from New York to Kyiv will be operated on August 3 and August 7 at 17:45, from Miami to Kyiv on August 5 at 23:55 local time.
The airline said that Ukrainians are allowed to enter the United States, subject to 14 days of self-isolation and no visits to the EU countries, Great Britain, Ireland, China, Brazil and Iran over the past 14 days. Passengers from the above countries are prohibited from entering the United States.
In addition, the airline said that travel on these flights will be possible exclusively in economy class. Dogs from 6 to 12 months old are accepted for carriage at the rate of one animal per passenger.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 30/07/20

National bank of Ukraine’s official rates as of 30/07/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JULY 30

Official rates of banking metals from national bank as of July 30

One troy ounce=31.10 grams

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TURNOUT IN LOCAL UKRAINIAN ELECTIONS TO BE 55-65%

Chairman of the Verkhovna Rada Dmytro Razumkov predicts that the turnout in local elections will be 55-65%.
“As practice shows, the turnout in local elections is slightly less than in parliamentary or presidential ones, but it will remain give or take 55-65%,” Razumkov said at a press conference in Kharkiv on Thursday.
At the same time, according to him, given the fact that elections to territorial communities will be held in Ukraine under the new system, the interest of voters may be higher.
On July 30, a resolution of the Verkhovna Rada came into force on the appointment of elections to local authorities for Sunday, October 25, this year.
It is envisaged that on October 25 “regular elections of deputies of local councils and village, settlement, town heads” will take place, except for the annexed Crimea and the occupied territories of Donbas.

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CITIZENS OF UKRAINE CAN FLY ON VACATION TO BULGARIA, TURKEY, EGYPT, ALBANIA, MONTENEGRO AND CROATIA

As of July 29, Ukraine can freely fly on vacation to the following six countries: Bulgaria, Turkey, Egypt, Albania, Montenegro and Croatia, Minister of Infrastructure Vladyslav Krykliy said on his Telegram channel on Wednesday.
He said that it is possible to get to Bulgaria only if there is a negative test for coronavirus (COVID-19) disease, made within 72 hours before arrival. In order to get to Croatia the travelers have to show mandatory negative PCR test at entry, made within the last 48 hours. He said that after visiting Montenegro, a 14-day self-isolation upon arrival in Ukraine is required.
According to the minister, entry and return to Turkey, Egypt and Albania are without restrictions.
Krykliy also said that a PCR test can be done before departure, right at the airport, namely, at Boryspil, Lviv and Odesa airports, as the PCR laboratories have been installed for quick testing.
“The data on entry changes every day depending on the epidemiological situation in the countries. Therefore, be sure to check the information before traveling,” he also said

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