The Eurocar plant (Solomonovo, Zakarpattia region) will resume the SKD assembly of Skoda cars from June 10, which was suspended with the start of Russia’s military aggression in Ukraine, the company’s press service reports.
“Skoda AUTO resumes deliveries of Skoda cars to Ukraine in the SKD format. The first batch – 80 models of KODIAQ and KAROQ crossovers has already been shipped, and from June 10 the plant resumes operation,” the company’s Facebook page says.
The company notes that the growth in production will directly depend on the development of the war in Ukraine. The vacant premises of the plant will continue to serve as a center for temporary displaced persons.
The message reminds that SKD assembly (Semi Knocked Down) means that the power unit (engine, gearbox, front axle), rear axle, wheels, exhaust, and driveshaft for 4×4 models are dismantled from finished cars. The main components, together with the body, are sent for reassembly to a factory in Ukraine.
The company also reminds that a stable supply of original spare parts, accessories and engine oils to Skoda service centers in Ukraine has already been established.
The Eurocar plant, which is part of the Atoll Holding group of companies, the official manufacturer of Skoda cars in Ukraine, began producing cars in 2001, investments in its creation amounted to $ 250 million. Capacities for small-scale assembly of cars were created, buildings for welding and painting shops were built.
Up to 80% hemostatic tourniquets supplied to the Ukrainian army are of poor quality, head of COR-Medical Tigran Amalyan has said.
“I think the most acute problem concerning both the Armed Forces of Ukraine and the healthcare system is a large number of poor quality tourniquets. We have conducted a research, we worked with military doctors, and we think up to 80% of tourniquets supplied to our army today are of poor quality,” he told a press conference in Kyiv on Thursday.
Amalyan said that one of the reasons why such a huge amount of poor quality tourniquets is supplied was the fact that the military do not check them on their own.
“The military want to take them without checking and then, in case of an injury, when they use them, tourniquets often crack. We even had to post several videos on our channel. We must inform all military that they should check tourniquets on their own,” he said.
Amalyan also noted that there are no protocols of transfer from civilian to military medicine in the country.
He also pointed at the fact that “a lot of highly qualified Ukrainian doctors, who should had been trained for dozens of years, have been simply transferred to the frontline. I know that several very serious specialists were killed on the battlefield. And they were among a few specialists of such a high level in the world.”
The National Bank of Sweden and the National Bank of Ukraine (NBU) will launch a program for Ukrainian refugees to exchange hryvnia cash for Swedish krona approximately from June 15, the NBU press service reported on Thursday.
According to the report, adult Ukrainians registered in Sweden will be able to exchange hryvnia in 53 branches of the Forex company in the amount of up to UAH 10,000 per person.
Denominations of UAH 100, UAH 200, UAH 500 and UAH 1,000 will be accepted for exchange.
As reported, Germany from May 24, and Belgium from June 1 launched a program for exchanging cash hryvnia for euros.
President of Ukraine Volodymyr Zelensky will take part in the NATO summit, which will be held in Madrid on June 28-30, Deputy Secretary General of the North Atlantic Alliance Mircea Geoană said in an article in the Italian edition of La Reppublica.
According to him, the leaders of Australia, New Zealand, South Korea and Japan will speak at the allied summit for the first time.
“The meeting ‘one way or another’ will be attended by President of Ukraine Volodymyr Zelensky,” Geoană was quoted as saying in the article.
He also noted that the summit would be truly transformative.
Real gross domestic product (GDP) of Ukraine in the first quarter of 2022 fell by 15.1% compared to the first quarter of 2021 after growing by 6.1% in the fourth quarter of last year, the State Statistics Service published such a preliminary estimate on Thursday.
According to her, compared with the previous quarter (seasonally adjusted), GDP fell by 19.3%.
According to the State Statistics Service, in 2021, Ukraine’s GDP grew by 3.4% after a decline of 3.8% in 2020, its nominal volume amounted to about $200 billion.
The Ministry of Economy estimated the decline in GDP in the first quarter of this year at 16%. According to the World Bank, which predicts a decline in the Ukrainian economy this year by 45.1%, the Ukrainian authorities expect it to decline by 44%.
The Dutch Development Bank (FMO) has reduced the value of its portfolio in Ukraine by EUR200 million, including direct investments – by EUR70 million, loans – by EUR90 million, according to a press release from the bank.
“In Ukraine, we provided financing mainly to agro-industrial companies and the renewable energy sector. After the Russian invasion of Ukraine, FMO published in its annual report that the direct impact on Ukraine amounted to about EUR200 million under contracts with 14 clients,” the message says.
It is indicated that this risk falls on debt products (56%), equities (37%) and guarantees (7%).
“The adjustments reflect management’s updated expectations for revenue and investment recovery impacted by the war in Ukraine,” FMO said.
In addition, the financial institution has indirect risks in Ukraine through borrowed funds in the amount of EUR14 million.
The bank stressed that it has no direct contact with Russia, and the assessment of its portfolio in Belarus has been reduced by about EUR20 million, mainly in the form of capital.
