Business news from Ukraine

Business news from Ukraine

PRIME MINISTER OF UKRAINE: NO THREATS TO ECONOMY

Prime Minister of Ukraine Denys Shmyhal says there are currently no threats to the functioning of the national economy, except for disinformation pressure.
“There are no threats to the functioning of the national economy, except for information, especially disinformation pressure. There are no other factors that can destabilize the national economy today,” Shmyhal said after the NSDC meeting on Monday evening.

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LOANS ISSUED BY UKRGASBANK RAISES UP BY 22% IN 2021

The number of loans issued by state-owned Ukrgasbank (Kyiv) increased by 22% in 2021, the bank’s press service reported.
According to the report, the bank’s loan portfolio increased by UAH 7 billion last year.
“In 2021, more than 300 eco-loans worth UAH 2 billion were issued, which ensured a reduction in CO2 emissions by 140,000 tonnes. Among them, about UAH 500 million are sustainable development projects,” Andriy Kravets, the head of the bank’s board of directors, said.
Ukrgasbank was founded in 1993. The state, represented by the Ministry of Finance, owns 94.94% of the shares of the financial institution.
According to the data of the National Bank of Ukraine (NBU), as of October 1, 2021, Ukrgasbank ranked fifth in terms of total assets (UAH 121.19 billion) among 71 banks operating in the country.

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LARGEST GROWTH IN RETAIL TRADE TURNOVER IN 2021 RECORDED IN CHERNIVTSI, TERNOPIL, ZAKARPATTIA

Retail trade turnover in Ukraine in December 2021 increased by 5.1% compared to the same month in 2020 in comparable prices, while in November the growth was 5.8%, the State Statistics Service reported. According to its data, in December, compared to November 2021, retail trade turnover increased by 19.3%.
The agency reported that in 2021, compared to 2020, retail trade turnover increased by 10.7%, to UAH 1.443 trillion.
The largest growth in the retail trade turnover of enterprises (legal entities and individual entrepreneurs) in 2021 compared to 2020 was recorded in Chernivtsi (by 25.7%), Ternopil (by 23.2%), Zakarpattia (by 20.7%), Vinnytsia (by 18.5%), Lviv (by 17.3%), Poltava (by 15.1%), Rivne (by 15%), Zhytomyr (by 14.2%), Cherkasy (by 13.3%), Chernihiv regions (by 12.4%). According to the State Statistics Service, the leaders in absolute terms of retail turnover in 2021 were Kyiv city (UAH 279.124 billion), Dnipropetrovsk (UAH 132.258 billion), Kyiv (UAH 120.074 billion), Odesa (UAH 107.05 billion), Kharkiv (UAH 97.838 billion) and Lviv (UAH 89.465 billion) regions.

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UKRZALIZNYTSIA RAISES UP LONG-DISTANCE PASSENGER TRAFFIC BY 150% IN 2021

According to the results of 2021, Ukrzaliznytsia transported more than 25 million passengers in long-distance passenger trains, which is 150% more than in 2020, when 16 million passengers were transported.
As the press service of Ukrzaliznytsia reported on Monday, train pair No. 45/46 Uzhgorod – Lysychansk became the most popular in terms of the number of passengers carried in 2021: in 2021, 899,700 passengers used it. The second in demand was train pair No. 41/42 Dnipro – Truskavets (520,700 passengers). The third is train pair No. 69/70 Mariupol – Lviv (485,300 passengers).
In addition, the top five most popular trains included train pair No. 91/92 Odesa – Kostiantynivka (465,700 passengers) and train pair No. 145/146 Kyiv – Izmail (449,400 passengers).

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KAZAKHSTAN ESTIMATES DAMAGE FROM RIOTS AT $313 MLN

General damage, including the expenses to repair buildings and restore property damaged and destroyed as a result of the January events in Kazakhstan, has been estimated at 136.8 billion tenge ($313.6 million), the press service for the Kazakh Ministry of Industry and Infrastructure Development said on Saturday. “According to the estimates of the commission created at the president’s instruction, throughout the country, damage has reached 136.8 billion tenge, including not only expenses to repair buildings, but also to recover damaged property,” the press service said.
According to the ministry, the state body suffered damage of 54,6 billion tenge ($125.1 million) out of the aforementioned amount, and 1,923 businsses suffered damage of 82.2 billion tenge ($188.4 million).

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 24/01/22

National bank of Ukraine’s official rates as of 24/01/22

Source: National Bank of Ukraine