Business news from Ukraine

Business news from Ukraine

SEVEN UKRAINIAN BANKS VIOLATE REQUIREMENTS

The single counterparty exposure limit (H7, shall be no more than 25%) as of April 1, was violated by Prominvestbank (76.34%), Sberbank (49.1%) and Industrialbank (49.44%), according to the website of the National Bank of Ukraine (NBU).

According to the regulator, the related party transactions exposure limit (H9, shall not exceed 25%) was violated by First Investment Bank (44.14%) and Unex Bank (27.23%).

The limit on bank total long open FX position (L13-1, shall be no more than 10%) was violated by Oschadbank (131.72%), Prominvestbank (110.89%), PrivatBank (94.02%) and Industrialbank (11.32%).

The limit on bank total short open FX position (L13-2, shall be no more than 10%) was violated by Prominvestbank (111.99%).

The newly introduced net stable funding ratio (NSFR, shall be more than 80%) was violated by Prominvestbank (29.45%).

INDUSTRIAL PRODUCTION IN UKRAINE 2.1% UP IN MARCH

Industrial production in Ukraine in March 2021 increased by 2.1% compared to March 2020, which was the first month of the introduction of quarantine due to COVID-19, and the growth adjusted for the effect of calendar days was 2.4%, the State Statistics Service has said.

The department indicated that the growth of industrial production in March 2021 amounted to 10.9% against the previous month, and on a seasonally adjusted basis – 1.8%.

In the supply of electricity, gas, steam and conditioned air in March 2021 from March 2020, an increase was 7.3%, in processing industry – 2.5%, while the reduction in production in extracting industry was 1.5%.

The State Statistics Service clarified that in the first quarter of 2021 in relation to the same period a year earlier, industrial production in Ukraine decreased by 2%, in particular in mining industry – by 2.8%, processing – by 3.3%, although the supply of electricity, gas and steam gains 4.1% due to substantially colder weather.

As reported, industrial production in Ukraine in 2020 fell by 5.2% after falling by 0.5% a year earlier. At the same time, in December last year, for the first time since May 2019, its growth was recorded compared to the same period last year – by 4.8%.

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WINDROSE LAUNCHES DIRECT FLIGHTS KYIV-SPLIT

Split is considered the flower of the Mediterranean coastline. Unique architecture, luxury yachts, summer festivals, delicious food, a clean and warm sea – everything you need for a perfect vacation!

Make your summer memorable✈️

Direct flights Kyiv-Split from June 5, 2021 on Thursdays, Saturdays and Sundays.

Tickets cost from UAH 2,200.

Entry conditions:

▫️ a certificate of paid accommodation in a hotel, camping, with a private lessor, [] on a rented boat, and the like. Also, entry is possible provided that the tourist is the owner of real estate or ships in the Republic of Croatia;

▫️ a negative PCR test result or a rapid SARS-CoV-2 antigen test result taken no more than 48 hours before border crossing.

Children under 7 years old should not do the tests.

If you plan to stay in Croatia for more than 10 days, then the antigen test must be repeated 10 days after the date of the first test results.

Tourists can provide a certificate of vaccination if they have been vaccinated against COVID-19 twice and this was more than 14 days before arrival. If the vaccine provides for a single dose, it must also be given more than 14 days prior to arrival.

Ticket sales are already open on the company’s website: https://windrose.aero/.

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WINDROSE AIRLINES LAUNCHES FLIGHTS TO CHERNIVTSI

We are glad to inform you of the news – from June 3, Windrose airlines will start flights to Chernivtsi.

Chernivtsi is a comfortable and romantic city. The architectural landmark of the city is Chernivtsi National University, which belongs to the UNESCO World Heritage List. It will definitely win over fans of the Harry Potter books with its beauty. This is real Hogwarts!

And to enjoy the picturesque beauty of Bukovyna, go to Khotyn or Sadhora. Unsurpassed places where centuries of history and wonderful landscapes intertwine. Ukraine’s Hogwarts and Khotyn Fortress are already waiting for you.

There are flights three times a week – on Tuesdays, Thursdays and Sundays.

The ticket cost starts from UAH 725.

Ticket sales are already open on the company’s website: https://windrose.aero/.

UKRAINIAN GOVERNMENT PROPOSES THAT SUNFLOWER SEEDS EXPORT BANNED FROM MAY 15

The Ministry for Development of Economy, Trade and Agriculture of Ukraine has proposed that a zero quota is set for the export of sunflower seeds from May 15 through September 30, 2021.

The draft resolution has been posted on the ministry’s website.

In an explanatory note to the document, the ministry said that the introduction of a temporary licensing regime and quotas for the export of sunflower seeds at 0 tonnes will stabilize prices for this product in the domestic market.

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FILATOV INSTITUTE FROM UKRAINE TO RESUME WORK ON CREATION OF BRANCHES IN OTHER COUNTRIES AFTER PANDEMIC

The Filatov Institute of Eye Diseases and Tissue Therapy of the National Academy of Medical Sciences of Ukraine (Odesa), after the end of the coronavirus (COVID-19) pandemic, intends to resume work on the creation of branches in other countries, Director of the institute Natalia Pasechnikova has said.

“The demand for ophthalmological medical services is growing all over the world. The lack of highly qualified specialists has created the preconditions for the signing of memorandums on the establishment of branches of the institute in other countries [currently in China and Bulgaria]. Unfortunately, this issue is still difficult due to the pandemic. However, I hope that after humanity cope with the pandemic, we will be able to resume these projects,” she said in an interview with Interfax-Ukraine.

According to Pasechnikova, the institute receives offers of cooperation and participation in global international research.

“We have signed agreements on cooperation with organizations and companies in Israel, Switzerland, Germany, Mexico, India, and Hawaii. We cooperate with Linköping University [Sweden] in the development of an artificial cornea; we participate in a global study conducted by the National Institute of Health [U.S.] in the field of research of hereditary ophthalmological diseases and the development of technologies for their diagnosis,” she said.

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