Business news from Ukraine

Business news from Ukraine

UKRAINIAN BEER PRODUCTION GOES DOWN BY 5% IN 2021

Production of beer (except for non-alcoholic beer with an alcohol content of up to 0.5% vol.) in Ukraine in 2021 fell by 5.0% compared to the same period in 2020, to 170.5 million decalitres, the Ukrpyvo branch organization of brewers said on its website on Tuesday evening.
In addition, the production of malt in the country last year declined by 19.5%, to 218,500 tonnes.
As reported, beer production in 2020 in Ukraine decreased 0.4% compared to 2019, to 179.7 million decaliters, and malt production fell by 18%, to 275,000 tonnes.

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NAFTOGAZ PAYS UAH 116 BLN TO BUDGETS IN 2021

NJSC Naftogaz Ukrainy and the companies controlled by it paid UAH 116 billion of taxes, fees and mandatory payments to the state and local budgets in 2021, the company’s press service said on Wednesday.
According to it, proceeds from the group amounted to 10.7% of the total state budget revenues for the last year (according to preliminary data – UAH 1.084 trillion).
In particular, the enterprises of the group transferred to the state budget about UAH 106 billion in taxes, fees and mandatory payments, and the parent company also paid UAH 10.3 billion in VAT for customs clearance of imported natural gas throughout the year.
“The national company provided a tenth of all revenues to the state budget of Ukraine. To understand, almost so much was directed to the needs of the Ministry of Defense in 2021,” Head of Naftogaz Yuriy Vitrenko said on his Facebook page.
“Despite all the reproaches that Naftogaz was spending state funds, this year we proved the opposite. The national company not only did not take a single coin from the state treasury, but also paid all taxes in full,” he said.

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UKRAINE LAUNCHES SUBSIDIZE PROGRAM OF LEASE RATE OF ELECTRIC VEHICLES IN 2022

Ukraine at the end of the first quarter or beginning of the second quarter of 2022 will launch a program to subsidize the interest rate for leasing electric vehicles, Deputy Head of the Office of the President of Ukraine Rostyslav Shurma has said.”In Germany, France, Italy, 70% of car purchases are leasing at a cost of 0.5-1.5%. We have 12%, 15%, 17%. In four years, a person pays the cost of a car twice. Here we will launch the same program [subsidizing the interest rate], but not with all cars, but with electric vehicles. This will stimulate a “green” transformation in the country,” Shurma said in an exclusive interview with Interfax-Ukraine.Asked when the Ukrainian electric car will appear in this program, Shurma said that for the first time it will be assistance to citizens, and not to own production, which is not yet available in Ukraine, but in two years it can be extended to manufacturers who are localized production in Ukraine.”I know this industry well, in addition, we consulted with automakers. It takes two years to localize the production of electric vehicles. This program will operate in a universal form for two years, and then will extend to manufacturers who have localized production. We send such a signal to the market: if you want to keep your product competitive not only now, but also in two years, do localization,” he said.

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UKRAINE INTERNATIONAL AIRLINES INCREASES PASSENGER TRAFFIC BY 1.7 TIMES IN 2021

According to preliminary data, Ukraine International Airlines (UIA, Kyiv) carried about 3.2 million passengers in 2021, which is 1.7 times higher than the result for 2020 (about 1.8 million people).
“The total number of passengers planned for 2022 will be about 4.3 million. This is 36% higher than in 2021. We do not expect a rapid increase in the company and the volume of traffic, because the situation is such that we do not expect any special charms this year. But, nevertheless, today, the company is in a very balanced and economically correct state,” CEO of the airline Yevhen Dykhne said in an interview with Interfax-Ukraine.
He also said that in 2022, UIA expects a reduction in the share of charter passenger traffic in the total volume of its traffic to 24%, while in 2021 this share was about 50%.
“We expect the financial result of 2021 to be positive. We had a very good result for 10 months. It was an operating result of about $15 million. We see that we will also end the year in positive numbers. What numbers? There will be the financial report, then we will be able to talk about it,” Dykhne said.
UIA transported 1.787 million passengers in 2020, which is 75% less than in 2019 (about 8 million people).
According to the financial statements of UIA, in the first nine months of 2021 its profit amounted to UAH 1.09 billion.
In 2020, the airline’s loss amounted to UAH 4.5 billion, which, according to its data, was primarily due to the industry-wide crisis due to the COVID-19 pandemic. It finished 2019 with a profit of UAH 1.6 billion versus a loss of UAH 2.7 billion in 2018.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 12/01/22

National bank of Ukraine’s official rates as of 12/01/22

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 12

Official rates of banking metals from national bank as of January 12

One troy ounce=31.10 grams

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