Business news from Ukraine

Business news from Ukraine

EXPERTS ANALYZE PRELIMINARY MACROECONOMIC RESULTS OF YEAR – VIDEO

The Experts Club continues a series of programs dedicated to the macroeconomics of Ukraine. The new issue analyzes the preliminary results of 2021.
“We create such analytical videos in order to increase the level of knowledge of the population in the field of economics and for easy visualization of a huge number of figures. Such content, of course, is not a “mass market,” but we do not strive for it either. We focus on a thinking and searching audience,” founder of the Experts Club project Maksim Urakin said.
The issue analyzes the change in the number of the population of Ukraine, the current unemployment rates, presents the labor market in the regional context. In addition, GDP indicators are given, the main trade partners of the country are named, trends and plans for the payment of Ukraine’s internal and external debt, as well as indicators of retail and inflation, are analyzed.
The video contains a large number of author’s charts, histograms, which conveniently illustrate the main macroeconomic trends.
The Experts Club is dedicated to political science, economics, science, futurology, contains expert opinions and analysis of the topics discussed.
This video is available for viewing at the link
https://www.youtube.com/watch?v=gUs6fF–F-c
You can subscribe to the channel at the Experts Club – YouTube link

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OREXIM GRAIN TRADER BUYS RAILWAY COMPANY

The Antimonopoly Committee of Ukraine (AMCU) has allowed Orexim closed non-diversified venture corporate investment fund to increase its share in the charter capital of Ukrtranslogistic (UTL, Kyiv) to over 50%, whereas now this figure is 10%.
The state regulator made the corresponding decision at a meeting on January 13.
According to the unified state register of legal entities and individual entrepreneurs, the ultimate beneficiary of Orexim with a charter capital of UAH 504.7 million is Ukrainian businessman Yuriy Budnyk.
The investment fund is part of Orexim Group, the main activities of which are the export of agricultural products, port and logistics services. The group has offices in several cities of Ukraine, as well as abroad.
During its existence, the group has invested over $ 100 million in fixed assets.
According to the information on the UTL website, the company is engaged in the lease of railway wagons. Its wagon fleet consists of about 300 wagons, 62% of which are high-sided wagons, 27% are grain wagons, 11% are covered wagons.
According to the state register, Ukrtranslogistic with a charter capital of UAH 35,000 was founded in 2015. The majority shareholder of the company is Volodymyr Kustkov, who owns 31.34% of shares. In addition to him, shares of 10% in the company belong to Orexim and Alveor fund (Kyiv) belonging to Serhiy Kovalchuk and Yevhen Denisov.

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UKRAINE GOES OUT OF LIST OF MOST VULNERABLE COUNTRIES IN 2021

Ukraine in 2021 left the list of the most vulnerable and less stable countries according to the Berlin company Scope due to its ability to continue accumulating foreign exchange reserves, improving the balance of payments and reducing payments over the past year, member of the Council of the National Bank of Ukraine (NBU) Viktor Koziuk has said.
“Berlin-based company Scope calculates the External Vulnerability and Resilience rankings. Last year Ukraine was in the most risky oval on the chart. It was among the countries that are most vulnerable and less resilient. This year Ukraine has left this oval. This creates a certain margin of safety,” he said in an exclusive interview with Interfax-Ukraine.
According to him, a certain improvement on the side of the external sector speaks of restrained optimism associated with vulnerability to external shocks.
“At the same time, Ukraine remains in the 80th place in terms of external vulnerability. That is, the probability that we have dropped out of this oval forever is not 100%. We need to work so that we do not return there,” the expert added.
Turkey, Armenia, Belarus and Georgia are in the list of the most vulnerable countries in 2021.

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ZAPORIZHIA IRON ORE PLANT RAISES UP IRON ORE PRODUCTION BY 1.2% IN 2021

Zaporizhia Iron Ore Plant (Dniprorudne, Zaporizhia region) in 2021 increased iron ore production by 1.2% compared to 2020, to 4.620 million tonnes.
As the company told Interfax-Ukraine, during this period, 4.523 million tonnes of products were shipped to consumers.
At the same time, 263,900 tonnes of ore were mined in December, and 320,900 tonnes of products were shipped to consumers.
Zaporizhia Iron Ore Plant sells its products to metallurgical enterprises in Slovakia, the Czech Republic, Austria and Poland, as well as to Zaporizhstal metallurgical plant in Ukraine.
The main shareholders of the plant are Slovak company Minerfin, a.s. with 51.1697%, Zaporizhstal with 29.5193%, and Czech KSK Consulting, a.s. with 19.0632%.

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UKRAINIAN BANKS’ CASH EXCHANGE RATES ON 13/01/22

Ukrainian banks’ cash exchange rates on 13/01/22

Source: Interfax-Ukraine

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GERMANY DOES NOT SIMPLIFY ENTRY RULES FOR UKRAINIANS

The Ukrainian Embassy in Germany has explained the current travel regime for Ukrainian citizens to Germany.
“According to the report of the German Robert Koch Institute, starting from January 9, 2022, Ukraine is no longer included in the list of the so-called ‘countries of increased risk for Germany.’ The ‘Green List’ of countries whose citizens can freely enter the Federal Republic of Germany,” the embassy said on Facebook on Wednesday.
It is indicated that the statement of the Robert Koch Institute on the procedure for entry from January 9, 2022 concerns exclusively the quarantine regulations of the Federal Government of Germany, in particular, now citizens of Ukraine are exempted from the requirements for electronic registration and quarantine.
“Fully vaccinated citizens of Ukraine can enter Germany, even without urgent need. General rules of entry apply for this category of persons. It is important that vaccines against COVID-19 are allowed in the EU: Comirnaty (BioNTech), Moderna, AstraZeneca or Janssen. Vaccination with the last required dose should be carried out at least 14 days before entry,” the embassy said.
It is also noted that unvaccinated citizens of Ukraine can enter Germany only in case of urgent need, presenting either a negative test result (PCR or antigen), made no earlier than 48 hours before entry, or a certificate of recovery. At the same time, if the trip is planned by plane, it is recommended to follow the requirements of individual airlines as well.
The requirement to present a negative test result or certificate applies to persons over six years of age.

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