Ukraine’s international reserves in August 2019, according to preliminary data, rose by 0.8%, to $22.015 billion.
“They have not changed much during the month due to the fact that the National Bank’s net purchase of foreign currency in the interbank market offset the cost of repaying and servicing the state debt,” the NBU said.
Kyiv-based Globus ALC through January-June 2019 collected UAH 241 million in insurance premiums that is 16% more than over the same period a year ago.
As the company said on its website, through six months of 2019 it signed 23,621 insurance agreements and paid UAH 44.3 million in claims.
As of June 30, 2019, charter capital of Globus was UAH 69.40 million, assets totaled UAH 541.1 million, insurance reserves made up for UAH 389.7 million.
Globus Additional Liability Insurance Society was established in 1994. Since 1994, it has been a member of the League of Insurance Organizations of Ukraine (LIOU), an associated member of the Motor Transport Insurance Bureau of Ukraine (MTIBU) since 1999, a full member of the MTIBU since 2005, a member of Ukrainian League of Industrialists and Entrepreneurs of Ukraine (ULIE) since 2003.
Globus is a part of Austria’s Vienna Insurance Group.
Ukraine in January-August 2019 exported 275,470 tonnes of poultry, which is 28.4% more than in the same period in 2018, the State Fiscal Service has reported.
According to its data, in monetary terms exports of these products increased by 20.4%, to $401.78 million.
Poultry and offal imports for the seven months fell by 4.4%, to 82,200 tonnes, in monetary terms by 3.7%, to $32.86 million.
According to the State Fiscal Service, exports of pork in January-August 2019 rose by 4.2% compared to the corresponding period of 2018, to 1,410 tonnes. In monetary terms exports of this product amounted to $3.13 million compared with $2.96 million a year ago.
Pork imports to Ukraine during this period grew by 3.9%, to 16,330 tonnes. The country received this meat for a total of $31.1 million compared with $29.5 million in January-August 2019.
U.S. President Donald Trump has congratulated Ukraine and Russia on the successful implementation of the mutual release of persons held by the states, calling it a “giant step towards peace.”
“Russia and Ukraine just swapped large numbers of prisoners. Very good news, perhaps a first giant step to peace. Congratulations to both countries!” he said on Twitter.
State-owned enterprise (SOE) Ukrainian Sea Ports Authority and one of the largest Ukrainian agricultural groups Kernel have signed an agreement of cooperation, foreseeing investment of the group in the development of infrastructure of the Chornomorsk seaport in the amount of over UAH 3 billion.
According to the press service of the authority, under the agreement, by the end of 2020, the port plans to dredge near four berths and build a new grain terminal, which will increase transshipment to 6 million tonnes.
“The agreement between the Sea Ports Authority and Kernel is a good example of public private partnership and the next step in the systemic development of the port of Chornomorsk, which the authority is engaged in. This year we completed a large-scale main dredging project on the port’s approach canal and the water area of the first boot basin of the Sukhy estuary and we immediately proceed to the creation of the depths necessary for business at the berths No. 14-17. The Kernel company, for its part, has committed to guarantee the volume of cargo traffic of at least 6 million tonnes per year. This will contribute to a quick payback on capital investment of the authority,” the press service of the authority said, citing its head Raivis Veckagans.
He also added that the implementation of the project will help improve the conditions for the export of products of Ukrainian enterprises, increase ship calls and create about 250 new jobs in the port of Chornomorsk.
In turn, Kernel CEO Yevhen Osipov said that agribusiness is now the locomotive of the Ukrainian economy, so the company’s strategic goal by 2020 is to increase grain exports to 8.8 million tonnes via launching a new terminal in Chornomorsk.
According to the report, the volume of investments in the public private partnership project by the Ukrainian Sea Ports Authority will amount to almost UAH 230 million.
Industrial products (goods, services) worth UAH 1.485 trillion were sold in Ukraine in January-July 2019, which is 5.2% more than in January-July 2018 (UAH 1.411 trillion), in particular abroad for UAH 406.371 billion, the State Statistics Service has said.
According to the agency, in July 2019 compared with July 2018 the turnover of sold industrial products grew by 4.4%, from June 2019 by 0.6%. At the same time, sales in mining industry in July 2019 rose by 15.2% compared with July 2018 (by 8.1% compared with June 2019), in processing industry by 2% (a fall of 1.1% compared with June 2019).
In the total volume of industrial products sales in January-July 2019, the largest share was that of processing industry (63.4%), the supply of electricity, gas, steam and conditioned air (18.6%), metallurgical production and production of finished metal goods (16.9%), and mining and quarrying (16.8%).
