Business news from Ukraine

Business news from Ukraine

UKRAINE AND TURKEY AGREE TO UPDATE PROPOSALS REGARDING FREE TRADE AREA

Ukraine and Turkey have agreed to update proposals regarding the free trade area (FTA), the Deputy Minister of Economic Development, Trade and Agriculture, Ukraine’s Trade Representative Taras Kachka has said.
“Today, a memorandum on the modality of further negotiations will be signed … Today, we have actually agreed to update the proposals of both parties, including in the agreed part,” Kachka wrote on Facebook.
He added that this would make it possible to review the results of negotiations of past years.
“The main thing is to give meaningfulness and mutual benefit to these negotiations,” the trade representative said.
Negotiations on the establishment of a FTA between Ukraine and Turkey began in 2011.

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LVIV INTERNATIONAL AIRPORT SEES 28.6% RISE IN PASSENGER FLOW

The passenger flow of the Lviv International Airport totaled 163,400 people in January 2020, which is 28.6% more than in January 2019.
The airport’s press service said on its Facebook, in particular, 143,400 people were transported on international flights, and 20,000 people on domestic flights.
The number of flights was 1,347 (1,134 international and 213 domestic), which is 6% more than in January 2019.
As reported, the passenger flow of the Lviv International Airport in 2019 amounted to 2.217 million people, which is 38.8% more than in 2018.

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SALES OF NEW PASSENGER CARS IN UKRAINE IN JAN 2020 INCREASE BY THIRD

Sales of new passenger cars in January 2020 increased by a third compared to the first month of 2019, to 7,000 units, according to AUTO-Consulting. “January 2020 turned out to be very successful for car dealers. Almost all major automotive brands had two-digit growth, which gives reason to expect a very successful year,” the group said on its website.
Analysts of the group note the strengthening of the competition among brands in January 2020. Toyota was first, ahead of last year’s leader Renault, and its sales increased 81%, to 1,149 units.
Renault sales in January grew by 29%, to 1,045 units, which is slightly below the market, but allowed to stay in the lead and go beyond the 1,000 cars sold.
“Nissan has actively claimed its intention to become a leader. The Japanese brand increased sales in January by 25%, which allowed it to be third for the second month in a row,” the group said.
Skoda sales grew by 27%, to 437 units. This allowed the Czech brand dealers to bypass Kia, which closes the top five with a 9.7% increase in sales, to 430 units.
According to the analysts, Peugeot became the record holder for growth in the top 10 in January, having tripled sales, which allowed it to move to the eighth position from the 14th in January 2019 and occupy 4.6% of the market. Mitsubishi, which returned to the top 10, also noticeably increased its sales in January.
The first month of the year was also successful for Mercedes-Benz, which regained its status as a leader among premium brands: it increased sales by 53%, to 224 units.
According to AUTO-Consulting, the beginning of the year was also successful for Chinese brands: Chery increased sales by 66%, to 169 units, and the Haval brand grew seven-fold.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 03/02/20

National bank of Ukraine’s official rates as of 03/02/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF FEBRUARY 3

Official rates of banking metals from national bank as of February 3

One troy ounce=31.10 grams

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INTERCHEM DONATES 200,000 DOSES OF ANTIVIRAL DRUG TO UKRAINIAN BORDER GUARDS TO PREVENT WUHAN CORONAVIRUS INFECTION

Interchem double liability company (Odesa) donated 200,000 0 doses of an antiviral drug to border guards and medical workers to prevent infection with Chinese coronavirus. Interchem CEO Anatoliy Reder told Interfax-Ukraine that an agreement was reached during a meeting with Secretary of the National Security and Defense Council of Ukraine (NSDC) Oleksiy Danilov.
“The main parameters of our proposal are that we offer help and help for free. There are services that are the first to deal with patients who are infected with viruses and have high infection risks. These are border guards, who are staying at the entrance to the country, and employees of infectious hospitals. We will deliver a drug for prevention to employees of State Border Guard Service to all regions of Ukraine and to doctors and medical staff in all infectious hospitals, which are defined as basic medical facilities for hospitalization of those infected with Chinese coronavirus,” he said.
At the same time, Reder said that this is not about treatment, but exclusively about prevention.
“We do not pretend to have a panacea. We do not say that we have a cure for the Chinese coronavirus in our hands. However, we know for sure that the use of the drug gives an additional chance not to get sick,” he said.
Reder said that this drug has a proven immunomodulatory and antiviral effect.
Interchem is one of the leading pharmaceutical companies in Ukraine. It was founded in 1992. It is the only Ukrainian manufacturer of medicines for hard and cancer patients, as well as one of the drug suppliers under the Global Fund to Fight AIDS, Tuberculosis and Malaria programs.

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