National bank of Ukraine’s official rates as of 04/05/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of May 04
One troy ounce=31.10 grams
State-owned enterprise Ukrspyrt has produced and supplied 3.3 million liters of raw materials for antiseptics to Ukrainian companies within three weeks from the start of production.
“Over three weeks, Ukrspyrt delivered 3.3 million liters of disinfectant to manufacturers. If we mathematically transfer this to products, then approximately 85 million pocket sanitizers of 50 ml or 17 million of 250 ml can be made from raw materials sold by Ukrspyrt,” the state enterprise said.
Today, raw materials are shipped from 12 Ukrspyrt plants.
“For efficiency, over the past few weeks we have additionally launched two plants in Lviv and Cherkasy regions,” acting director of Ukrspyrt Serhiy Bleskun said.
According to him, now 36 Ukrainian producers of antiseptics are buying raw materials at Ukrspyrt.
As reported, on March 30, the Verkhovna Rada voted for bill No. 3275, which, among other things, allows the manufacture of disinfectants (raw materials for antiseptics) at Ukrspyrt factories, and the president signed the law on April 2.
PJSC Odeskabel, the large Ukrainian cable plant, made a loss of UAH 53.57 million in January-March 2019, while for the same period in 2019 net profit amounted to UAH 580,000.
According to the plant’s interim statements released in the information disclosure system of the National Securities and Stock Market Commission on Tuesday, April 28, its net income decreased 2.8%, to UAH 390.56 million.
The plant received a gross profit of UAH 57.11 million in the first quarter compared to UAH 59.71 million in 2019, and operating profit amounted to UAH 160,000 against UAH 13.79 million.
Cables for structured cabling systems had the largest share in the structure of products sold (39%), the share of power wirings and cables was 24.5%, and that for fiber optic cables was 15.3%.
The plant said in the report that the interim statements were influenced by lockdown introduced on March 12 in Ukraine due the coronavirus (COVID-19) spread, a change in stock market prices for copper (the main material for the cabling and wiring products) from $6,180 in January 2010 to $5,270 in March, and aluminum from $1,800 to $1,660, which affected the cost and pricing of Odeskabel products.
Among the main risks and uncertainties in the company are the dependence on the following facts: prices for 90% of the materials depend on the world market, and the sales market is largely Ukraine and neighboring countries; a change in the currency rate from UAH 23.68/$1 in January to UAH 28.06/$1 in March; falling solvency of customers, difficulties with the supply of materials for production.
Odeskabel is one of the leading manufacturers of fiber optic cable in Ukraine. In addition, it manufactures cable products for LAN networks, telephony, etc.
Gross take-up of warehouses in the Kyiv market in January-March 2020 grew by 15% year-over-year, to 28,800 square meters, according to a survey of Cushman & Wakefield Ukraine. “According to our experts, in the first quarter of 2020, the net take-up in the segment was negative and amounted to approximately minus 40,800 square meters, which is mainly due to a change in the rental strategy of the owners of several facilities in the period before the spread of COVID-19,” Head of Research and Development Consultancy at Cushman & Wakefield Ukraine Marta Kostiuk.
According to the company, preliminary leases amounted to 85% of the total volume of transactions in the first quarter.
Since the beginning of the year, there was no new offer on the warehouse real estate market of Kyiv. However, by the end of 2020, two facilities with a total area of 60,000 square meters will go live.
According to the survey, the primary vacancy of warehouses in March 2020 increased 2.1 percentage points compared to the end of 2019 and amounted to 2.9%. Moreover, the occupancy rate of the facilities planned for launch this year is already 40-100%, the company said.
Base rental rates for high-quality class A warehouses in Kyiv and its suburbs remained at $4-5.8 per sq. m. a month, and class B $3.2-3.8 per sq. m. a month.
“Given the growing risks associated with the economic slowdown amid the spread of COVID-19, from the second half of March 2020, a number of tenants in the warehouse and logistics real estate market in Kyiv and its suburbs initiated negotiations with lessors in order to minimize their rental costs,” Kostiuk said, clarifying that the provision of preferential conditions for tenants is individual in nature and is not a trend.
The State Agency of Automobile Roads of Ukraine (Ukravtodor) has announced its intention to overhaul 40 km of the M-05 Kyiv-Odesa road at the expense of funds from international financial organizations, Onur Taahhut Tasimacilik Insaat Ticaret Ve Sanayi A.S. (Turkey) was determined as the contractor with a contract signed for the amount of EUR65.033 million.
The agency said on Telegram the reconstruction of the road section (km 87+442 – km 128+028) will be carried out as part of the project for improving the transport and operational condition of roads on the approaches to Kyiv, which is implemented for credit funds of the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD).
According to Ukravtodor, in particular, the matter concerns three facilities where road, bridge, drainage and other works will be carried out.
“Based on the results of open international tenders in accordance with the principles and rules of the EBRD, Onur Taahhut Tasimacilik Insaat Ticaret Ve Sanayi A.S. was determined as the contractor. A contract was signed with it on January 20, 2020 for a total of EUR65.033 million excluding VAT,” the report says.
According to Ukravtodor, the contractor is currently carrying out preparatory activities. The active phase of the overhaul of the site will begin after the issuance of an appropriate permit for road work by the State Architectural and Construction Inspectorate.
