National bank of Ukraine’s official rates as of 17/01/22
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of January 17
One troy ounce=31.10 grams
The Ukrainian airline Air Ocean will stop operating flights until March 15, the airline’s press service has reported.
“Dear passengers, due to the delay in the delivery of aircraft and the need for scheduled maintenance of currently operated aircraft, the airline is forced to postpone flights with resumption starting from March 15, 2022,” the airline said in the report.
The press service also said that if the tickets were bought on the airline’s website, the funds will be automatically credited in full to the card from which the payment was made. If the ticket was purchased from an air travel agent, the passenger should contact the place of purchase for a refund of the ticket price. “Or we offer you to retain the right to fly with an open departure date, and when buying the next ticket, we provide a discount of 50% of the ticket price,” the airline said.
President of Ukraine Volodymyr Zelensky has invited Ukrainian football player and coach Andriy Shevchenko, fired from the Italian football club Genoa, to work in Ukraine.
“Andriy Mykolayovych, Sheva. Not only our whole country, but the whole of Europe knows what kind of game a team under your leadership is capable of. We believe that you will not come apart, we know that you will become even better! And most importantly. You are most loved in Ukraine. Therefore, go back to work at home,” Zelensky wrote on his Facebook page.
The President noted that “let it be only the first defeat at the beginning of a great career of a great coach.”
Earlier it was reported that the Italian football club Genoa reported on the dismissal of ex-coach of Ukraine’s national football team Andriy Shevchenko.
Ukraine’s GDP growth in 2021 will amount to 3.4% instead of 4.1% expected in April, and economic growth in 2022 is projected at 3.6% instead of 3.7%, such a consensus forecast was posted by the Ministry of Economy on its website.
The direct public debt of Ukraine by the end of 2021 will be cut to 56.9% of GDP, and by 2024 to 47%, Finance Minister Serhiy Marchenko said, presenting a strategy for managing public debt until 2030 at a government meeting on Thursday.
The ICU Group has downgraded its forecast for Ukraine’s GDP growth in 2021 to 2.9% from 5.2% in the spring forecast, Head of ICU Macroeconomic Research Vitaliy Vavryschuk has said.
The real gross domestic product (GDP) of Ukraine in the third quarter of 2021 increased by 2.7% compared to the same period in 2020, the State Statistics Service reported such an updated estimate, while earlier it estimated growth in mid-November at 2.4%.
Alfa Bank (Kyiv) expects real GDP growth in Ukraine in 2022 by 3.4% after its projected growth of 3% over 2021 and a slowdown in the average annual inflation in 2022 to 8.6%, which is 0. 8 percentage points below the expected average annual inflation rate in 2021 (9.4%). Oxford Economics has worsened expectations of real GDP growth in Ukraine in 2022 to 2.8% compared to 3.4% in the November forecast, by the end of 2021 it expects the country’s economy to grow by 3.1% of GDP, as follows from materials of the December forecast, which are available to Interfax-Ukraine.
The deficit of Ukraine’s foreign trade in goods in January-October 2021 decreased by 27.7% compared to January-October 2020 – to $2.565 billion from $3.547 billion.
The growth of consumer prices in Ukraine on an annual basis in November 2021 slowed to 10.3% from 10.9% in October and from 11% in September.
The total public debt of Ukraine in November increased by 1.64% in US dollars and amounted to $94.15 billion, as well as by 4.92% in hryvnia – to UAH 2.558 trillion, according to data on the website of the Ministry of Finance, published on Wednesday.
Industrial production in Ukraine in November 2021 increased by 0.4% versus November 2020, which is worse than an increase of 1.4% in October, but better than a decline of 0.7% in September, the State Statistics Service said.
Real wages in Ukraine increased by 8% in November 2021 year-over-year, and compared to October of this year, the growth was 0.9%.
Ukraine in 2021 has a record harvest of grain, legumes and oilseeds of 106 million tonnes: cereals and legumes – 84 million tonnes and oilseeds – 22.6 million tonnes, Minister of Agrarian Policy and Food of Ukraine Roman Leschenko said on Facebook. Ukraine since the beginning of the 2021/2022 marketing year (MY, July-June) and as of December 29 had exported 31.57 million tonnes of grain and leguminous crops, which is 21.1% more than the indicators for the same date of the previous MY.
The volume of construction work performed in Ukraine in November 2021 decreased by 2.7% compared to November 2020.
Publisher of “Open4Business”, PhD in Economics, Maksim Urakin.
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Metallurgical enterprises of Ukraine in 2021 increased revenues from the export of ferrous metals by 81.4% compared to 2020, to $13.951 billion.
According to the updated statistics released by the State Customs Service on Friday, ferrous metals accounted for 20.49% of total merchandise export earnings over this period, compared to 15.63% in 2020.
In December, proceeds from the export of ferrous metals amounted to $1.34 billion.
At the same time, Ukraine increased imports of ferrous metals by 48.8% in 2021, to $1.547 billion. In December, this figure was $140.660 million.
In addition, in 2021, Ukraine increased the export of metal products by 43%, to $1.293 billion. In December, metal products for $128.729 million were delivered.
Imports of metal products over the past year grew by 28%, to $1.126 billion. In December, metal products for $116.609 million were imported.
As reported, Ukrainian steel enterprises in 2020 reduced revenues from the export of ferrous metals by 12% compared to the previous year, to $7.69 billion. At the same time, Ukraine in 2020 reduced imports of ferrous metals by 17%, to $1.04 billion.
In addition, Ukraine in 2020 reduced the export of metal products by 13.2%, to $904.533 million. Over the year, imports of metal products fell by 20%, to $879.687 million.
