Business news from Ukraine

Business news from Ukraine

Rental prices in capital decreased by 10-15% – LUN

The number of requests to rent apartments in Kiev in December 2022 increased by 3% compared to the pre-war level, the press service of the portal of new buildings LUN told Interfax-Ukraine.
Reportedly, the team iOS-application to rent apartments in Kiev bird has prepared updated statistics on the situation of demand and prices in the capital market.
According to the study, the median rent price of one-bedroom apartment in the capital continues to fall – up to 8,5 thousand UAH, which is 10.5% lower than in November. At the end of February last year it was 13 thousand UAH per month.
The median price of rent of one-bedroom apartments at the end of December was UAH 12 thousand, which is 14.2% lower than in the previous month. In February it was UAH 21.6 thousand.
For three-room apartments median price decrease was 9%. Now you can rent such apartment for the price of 20 thousand UAH. This is much lower than before the war prices, because in February 24, 2022 such housing would cost 46.1 thousand UAH per month.

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Georgia sent powerful generators to Kharkiv

The Georgian embassy delivered high-capacity generators to Kharkiv on January 5, the Ukrainian Foreign Ministry said.
“We thank Georgia for providing Kharkiv with high-capacity generators, which were delivered by the Georgian embassy on January 5. We appreciate every assistance in restoring critical infrastructure facilities damaged after air, missile and artillery strikes,” the Ukrainian Foreign Ministry said in a statement on Twitter.

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Ukraine’s international reserves have grown and amount to $28.5 billion

Ukraine’s international reserves as of January 1, 2023, according to preliminary data, amounted to $28.491 billion, which is 1.9% or $536.4 million more compared to November 2022 due to foreign exchange earnings from international partners that exceeded NBU interventions selling currencies to maintain a fixed exchange rate.

As the NBU reported on its website on Friday evening, in general, they decreased by 7.9%, or $2.45 billion over the year.
The National Bank clarified that net international reserves in December increased by 3.3%, or $579 million, to $18.318 billion, but over the year they decreased by 11.8%, or $2.45 billion.

According to the regulator, in December the dynamics of international reserves was affected by operations to manage public debt. In particular, foreign exchange receipts to the accounts of the government of Ukraine with the NBU in December amounted to $4.468 billion, including from the EU – $598.7 million, from the United States through the World Bank trust fund – $2.03 billion, from the placement of government bonds – $540.7 million, from the World Bank – $402 million, from the Government of Canada – $367.8 million, from other international lenders – $528.9 million.

The total amount of government payments for servicing and repaying state debt in foreign currency amounted to $833.9 million, including $119.6 million directed to repay debt to international creditors, $714.3 million – to service government bonds.

In addition, Ukraine transferred $166.2 million to the IMF.

International reserves were also affected by NBU operations on the interbank market. In particular, they sold $3.193 billion on the foreign exchange market and bought $29.6 million into reserves, due to which the balance of interventions was negative and amounted to $3.163 billion.

In addition, reserves were affected by an upward revaluation of financial instruments by $231.6 million.

According to the NBU, the current volume of international reserves provides funding for 3.6 months of future imports, which is enough to meet Ukraine’s obligations and current operations of the government and the National Bank.
As reported, at the beginning of 2022, Ukraine’s international reserves amounted to $30.941 billion, net international reserves (NIR) – $20.767 billion.

Two ships to deliver Ukrainian wheat and corn to Italy

Two dry cargo ships with more than 45,000 tons of wheat and corn left Ukrainian ports on Friday, the Joint Coordination Center (JCC) reported.
“On January 5, two ships left Ukrainian ports, they are transporting a total of 45.3 thousand tons of grain and other food within the framework of the Black Sea grain initiative,” the report said.
Dry-cargo vessels Lady Divina (18.3 thousand tons of wheat) and Med Island (27 thousand tons of corn) had left to Italy.
Six dry cargo ships, which passed through the humanitarian corridor on January 6, are also on their way to the ports.
“As of January 6, the total tonnage of grain and other agricultural products exported from the three Ukrainian ports is 16,832,561 tons. A total of 1,250 vessels were allowed to move so far: 622 to arrive at Ukrainian ports and 628 to leave them,” the JCC summarized.

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Ukrainian family is more united than ever – Zelensky

We are together – a big Ukrainian family, and wherever we are now – at home, at work, in a trench, on the road, in Ukraine or abroad – our family is more united than ever, said Ukrainian President Vladimir Zelensky in a video greeting on Christmas according to the Julian calendar.
“Unity in its faith in a single victory. We are still bringing it closer. Every day. Still standing for each other, side by side. Every day. We defend our land, our culture, our traditions, our faith. As our ancestors did – the Cossacks – defenders of the faith and the Church of Christ. And just as all their descendants and continuators of the traditions of our army and our people did,” Zelensky said.
“Today, the spirits of our ancestors help us every day. Beat those who came to our land,” the president stressed.
According to him, “we live in a special time and all our holidays are special. And we have to break some of our traditions to protect our traditions.”
“You can’t wear dark or old shabby clothes for the holidays, so that trouble doesn’t come to the house. But trouble came to our house on Feb. 24, 2022, so we haven’t worn white clothes since then and we fight black forces,” he said.
“Guests should be treated with special cordiality and care. Guests, but not occupiers. On the holy day, you can’t clean and take the trash out of the house, but we fight the devils and take the trash out of our house more than three hundred days in a row,” Zelensky continued.
“It is forbidden to sew and knit, but we weave camouflage nets and sew body armor, overcoming evil. Our ancestors didn’t go hunting these days, but we fight not to become prey and defeat the beast. That’s what God sees. The world sees it,” he said.
The president reminded that the “Carol of the Bells” written to music by Nikolai Leontovich is sung in more than 150 variations and the Ukrainian “Shchedrik” gives the Christmas spirit to the whole planet. “The spirit of hope, goodness and wonder. This year this spirit of peace is given not only by our music, but also by Ukrainian courage, indestructibility, defiance, invincibility,” the president said.
“Today we all have the same dream. May accord come to every family, prosperity to every home, victory to the Ukrainian land, and with it a thousand years of peace and prosperity. I wish you all a Merry Christmas and a tasty kuti! Take care of yourselves, take care of your families and take care of our Ukraine!” – Zelensky concluded.

Ukrainian agrarians are left to harvest 7% of area

Ukrainian agrarians harvested 75.03 million tons of major crops from the total area of 17.96 million hectares by January 6, 2023, 700 thousand tons of corn was harvested from 0.1 million hectares last week, the harvesting of which was previously stopped due to adverse weather conditions.
As reported on the website of the Ministry of Agrarian Policy and Food on Friday, the total area of agricultural land, from which the harvested, increased at the expense of harvested corn by 1 percentage point (p.p.) – to 93% of the previously planned areas.
In terms of crops harvesting of wheat, barley, peas, rapeseed and sugar beets was completed. During the week the area of harvested corn increased by 3 p.p. – to 81% of the planned indicators, while the area of harvested buckwheat (98%), as well as millet, sunflower and soybeans (99%) remained unchanged.
According to Minagropolitiki, the final yield of wheat in the current season amounted to 20.2 million tons from 5 million hectares, barley – 5.8 million tons from 1.7 million hectares, rape – 3.2 million tons from 1.1 million hectares, pea – 269 tons from 118 thousand hectares, sugar beet – 9 million tons from 180 thousand hectares.
In addition, January 6, 22.1 million tons of corn (+0.7 million tons per week) from 3.4 million hectares (+0.1 million hectares), 10.5 million tons of sunflower from 4.8 million hectares, 3.7 million tons of soy from 1.5 million hectares, 158 tons of buckwheat from 116 thousand hectares, and 102 tons of millet from 44.7 thousand hectares were gathered in total.
According to the Ministry, the average yield on all crops in the current season was 46.4 c/ha, including corn – 64.8 c/ha, wheat – 40.5 c/ha, of barley – 34.7 centners/ha, rape – 28.6 centners/ha, soy – 24.3 centners/ha, pea – 22.8 centners/ha, millet – 22.8 centners/ha, sunflower – 21.7 centners/ha, buckwheat – 13.7 centners/ha, sugar beet – 501 centners/ha.
It is reported that farmers of Nikolaev, Odessa, Chernivtsi and Vinnytsia regions have completed the harvesting of all crops. Most cereals and leguminous crops were threshed in Vinnitsa region – 4 million tons, and their highest yield was recorded in Khmelnytsky region – 70.9 c/ha.
As reported, Ukraine in 2021 harvested a record since the independence of cereals, legumes and oilseeds in the amount of 106 million tons: UAH 84 million of cereals and legumes, and 22.6 million tons of oilseeds.
A total of 32.4 million tons of wheat, 40 million tons of corn, 10 million tons of barley, 581.5 thousand tons of peas, 191 thousand tons of millet and 110 tons of buckwheat were harvested last year. Sunflower harvest amounted to 16.3 million tons, soybeans – 3.4 million tons and rapeseed – 2.9 million tons.

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