National bank of Ukraine’s official rates as of 06/04/20
Source: National Bank of Ukraine
Zaporizhstal metallurgical plant, affiliated with Metinvest Group, topped the list of the largest recipients of VAT refunds in March 2020 with UAH 859 million, which is more than twice as much as in February (UAH 404 million).
According to the State Treasury Service, Zaporizhstal is followed by ArcelorMittal Kryvyi Rih mining and metallurgical plant, which increased its tax refund indicator from UAH 579 million in February to almost UAH 611 million in March.
At the same time, Kernel-Trade agro-exporter, the leader among VAT refunds recipients in February, worsened its result by almost 2.3 times and ranked third with UAH 473.5 million (UAH 1.075 billion in February).
The five largest recipients of VAT refunds also included Glencore Agriculture Ukraine enterprises with UAH 450.7 million (there were no data on reimbursement last month) and ADM Ukraine with UAH 405.7 million (UAH 428 million in February).
The companies are followed by AT Cargill with UAH 334.7 million (data were not available in February). Mariupol-based Illich Steel Mill, affiliated with Metinvest Group, almost halved its result to UAH 313.4 million, while in February it received UAH 604 million.
The National Bank of Ukraine (NBU) on April 1 transferred all the planned UAH 42.7 billion in profit for 2019 to the national budget, according to the regulator’s Facebook page.
“This year, in agreement with the Ministry of Finance, it was decided to transfer the entire amount of the National Bank’s profit to the state budget,” the report says.
It is clarified that in this way the regulator helps the government in overcoming the epidemic in the country.
As reported, state budget revenues in March 2020 amounted to UAH 87.8 billion, which is 10.4% less than the plan and 2.6% more than in March 2019. In addition, the general fund of the state budget received UAH 78.4 billion, which is 10.3% less than the planned figure.
The Cabinet of Ministers of Ukraine has approved the conditions for borrowing by the State Automobile Roads Agency of Ukraine (Ukravtodor), Infrastructure Minister of Ukraine Vladyslav Krykliy said in his Telegram channel.
According to him, the funds will go to works at about 100 state-sustained building facilities.
“The interest-bearing bonds will be issued without making a public offer, the obligations under which are secured by the government. The conditions are the following: face value of one bond is UAH 1,000; interest income on bonds – 12.5% per annum and paid quarterly; bond circulation period – from one up to five years depending on its Series; the bonds is issued in five Series,” he said.
Krykliy said that this will restore roads, create jobs and stimulate contracting enterprises.
The amount of foreign direct investment (FDI) in Ukraine in the form of share capital as of December 31, 2019 amounted to $35.81 billion, which is $2.9 billion, or 8.8% more than at the beginning of the year, the State Statistics Service has said.
According to its data, investment inflow last year amounted to $2.53 billion, withdrawal some $1.28 million, and also the increase was provided by the exchange rate difference due to the strengthening of the hryvnia at $950 million.
As reported, in the first quarter of 2019, FDI in Ukraine increased by $45.5 million. Their revenues amounted to $590 million, withdrawal some $500 million, and the contribution of the exchange rate difference amounted to $60 million.
In the first half of the year, FDI growth amounted to $840 million: investment inflow to $1.26 billion, withdrawal to $730 million with a foreign exchange contribution of $520 million.
In January-October 2019 FDI grew by $1.82 billion: investment inflow was $1.67 billion, withdrawal – $980,000 and the exchange rate difference – $1.14 billion.
A significant increase in FDI in the fourth quarter is associated with the transaction on the purchase of telecommunications business in Ukraine by Azerbaijan’s Bakcell from the MTS. The purchase transaction for Vodafone Ukraine was closed at the end of December 2019 with funding from J.P. Morgan and RBI, the price was $734 million, including deferred payment of about $84 million.
As reported, in 2018, FDI growth in Ukraine amounted to $1.3 billion, a year earlier it was $0.38 billion.
According to the State Statistics Service, the largest increase in FDI in 2019 was recorded from the Netherlands: by $1.183 billion (up to $ 8.3 billion), as well as Cyprus – $824.4 million (to $10.37 billion), Russia – $185.5 million (to $0.78 billion), Switzerland – $162.4 million (to $1.71 billion) and Germany – $141.7 million (to $1.84 billion).
At the same time, there was a sharp decrease in investments from Hungary – by $184.4 million (to $0.38 billion) and the UK – by $70.6 million (to $2.04 billion).
By industry, the largest increase in FDI was recorded in financial and insurance activities – $916.5 million, information and telecommunications – $738.5 million, mining and processing industries – respectively $283.8 million and $271.7 million, real estate operations – $237.5 million, electricity and gas supplies – $216.8 million, in wholesale and retail trade – $182.3 million, as well as in professional, scientific and technical activities – $126.1 million.
At the same time, in the area of administrative and support services, FDI decreased by $264.2 million.
The State Statistics Service also said that it stops calculating FDI, and now the National Bank of Ukraine will deal with this exclusively.
Odesa seaport handled 4.26 million tonnes of cargo in January and February 2020, which is 7.31% more than in the same period in 2019.
According to the Ukrainian Sea Ports Authority, for the specified period, the port increased the transshipment of exported cargo by 9.86% compared to January and February 2019, to 3.316 million tonnes, the transshipment of imported cargo by 4.04%, to 743,000 tonnes, reduced transshipment of cabotage goods by 14.4%, to 200,850 tonnes. The transshipment of transit cargo decreased by 52.5%, to 1,830 tonnes.
Transshipment of liquid cargo in Odesa seaport in January and February decreased by 37.21%, to 184,330 tonnes, dry and bulk cargo by 1.03%, to 1.643 million tonnes, and piece-by-piece increased by 20.56%, to 2.443 million tonnes.
Processing of containers for the period amounted to 109,244 TEU (an increase of 21.56% compared to the same period in 2019).
As reported, in 2019, the seaport handled 25.344 million tonnes of cargo, which is 16.8% more than in 2018.
The port serves ships up to 270 meters long and a draft of up to 13 meters. The total length of the mooring line is more than 8 km.
Odesa seaport is located in the southwestern part of Odesa Bay on an artificially created area of 109.5 hectares.
The port serves ships up to 270 meters long with a draft of up to 13 meters. The total length of the mooring line is more than 8 km.
