Business news from Ukraine

Business news from Ukraine

PRODUCTION OF FISH PRODUCTS AND CANNED FISH IN UKRAINE UP BY 36% IN JAN-JULY

Production of ready-to-use fish products and canned fish products in Ukraine increased in January-July 2021 by 36% compared to January-July 2020, to 8,300 tonnes, the State Fisheries Agency said on the website on Thursday evening.
The agency said with reference to the State Statistics Service that production of jerked, dried, salted or unsalted fish; salted fish (but not dried); fish in brine (except for smoked fish, fish fillets, fish heads, tails and bellies) in January-July 2021 amounted to 5,990 tonnes (more by 4% compared to January-July 2020). During this period, production of jerked and dried fish amounted to 2,820 tonnes (more by 9%), fish caviar – 2,140 tonnes (more by 30%), smoked fish – 2,370 tonnes (more by 10%), ready-to-use products and canned food from herring – 1,790 tonnes (more by 1%), and salted fish (except for herring) – 1,170 tonnes (more by 1.2%).

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PRESIDENT OF UKRAINE APPROVES STRATEGY OF FOREIGN POLICY

President of Ukraine Volodymyr Zelensky, by his decree, put into effect the decision of the National Security and Defense Council of July 30, 2021 On the Strategy of Ukraine’s Foreign Policy.
The corresponding decree No. 448/2021, together with the decision of the NSDC and the text of the Strategy, was published on the website of the head of state on Thursday, August 26 and comes into force from the day of its publication.
According to the decree, the secretary of the Council Oleksiy Danilov is responsible for the implementation of the NSDC decision.
The strategy contains the main priorities and strategic goals of Ukraine’s foreign policy: the state’s course towards membership in the EU and NATO, restoration of territorial integrity and countering Russian aggression, promotion of Ukrainian exports and attraction of investments, cooperation with other states and international organizations, etc.

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UKRAINIAN BANKS ISSUE 1,900 LOANS TO SMES

As of August 1, 2021, ten banks issued 1,917 loans to small, medium and micro-businesses (SME) through portfolio government guarantees totaling UAH 5.007 billion, the Ministry of Finance reported.
“Liabilities on the principal debt, which are partially secured by state guarantees on a portfolio basis, amounted to UAH 2.316 billion. This is about 59% of the total limit of guarantees provided in 2020 (UAH 3.93 billion),” the Ministry of Finance said on its website.
According to it, in July this year, banks provided 122 such loans for a total of UAH 735 million with a share of the state’s liabilities of UAH 306 million.
In terms of the number of loans issued, PrivatBank is in the lead – 945 loans for UAH 859 million in total, which is 100% of the limit of such guarantees provided to the bank in 2020. The second largest bank is Oschadbank – 680 loans for UAH 2.036 billion, according to the data of the Ministry of Finance.
“The program is in the greatest demand in Kyiv, where, in total, 151 loans were issued for UAH 542 million. In Lviv and Dnipropetrovsk regions, which are among the top three, these figures are 136 loans (UAH 340 million) and 129 (UAH 300 million),” the ministry said.
By type of economic activity, most of the loans, partially secured by state guarantees on a portfolio basis, were issued in the areas of wholesale and retail trade (675), agriculture (558) and processing industry (277).

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ENERGY WEEK BLACK SEA IS COMMENCING IN JUST A MONTH!

On 28-30th September 2021, the high-level international investment conference Energy Week Black Sea will take place in a hybrid format: offline in Bucharest, Romania and online.

The event is organised by a UK-based consultancy Invest in Network in partnership with Romanian Energy Center (CRE).

The largest renewables conference in the region for the second year will bring together government authorities, local companies from Romania, Bulgaria, Ukraine, Georgia, and Turkey, as well as IFIs, DFIs, and foreign private investors to discuss RES policies for the energy transition, financing renewable energy, solar & storage, on & offshore wind, green hydrogen, regional interconnection and much more.

Investing in renewable energy in the Black Sea region is gaining momentum. Although the countries surrounding the Black Sea may differ in terms of politics and economic background, they are all very keen on increasing the share of RES.  Cooperation and interconnectivity become keys in reaching this target.

The Energy Week Black Sea was launched in 2020 during tumultuous times for the events industry and nevertheless brought together the major energy companies from 20+ countries such as NBT, Scatec Solar, Grupo Cobra, Tractebel Engineering, Siemens Gamesa, Global Hydro, AGL, FMO, EBRD, IFC, KfW, DEG (KfW), Green For Growth Fund, Goldwind, IRENA, Mott MacDonald, Black Sea Trade and Development Bank, EDF, Eksim Investment Holding, Asian Development Bank, Enel, CE Oltenia, ROMGAZ, Electrica, Georgian Energy Development Fund, TRYBA ENERGY, EDPR Romania, Georgian National Energy and Water Supply Regulatory Commission (GNERC), State Agency on Energy Efficiency and Energy Saving of Ukraine, National Energy and Utilities Regulatory Commission (Ukraine), Republic of Turkey Energy Market Regulatory Authority, The Norwegian Water Resources and Energy Directorate, Electricity System Operator of Bulgaria and many others.

In 2021, the organisers are excited to return to offline events and invite all the interested companies to join the EWBS filled with networking opportunities as we step away from our screens. For international participants unable to travel this year the live footage will be streamed online to view and participate in any Q&A.

During the 2-day conference, participants will discuss reforms implemented by each country to foster or further scale up renewable energy deployment, how individual countries attract investors in global competition, suitable support schemes and policy reversals in some countries, as well as will address intermittency and energy security issues. The conference will be followed by the technical visit and a cultural programme.

Interfax-Ukraine is the Media Partner of the event.

Learn more on the event’s official website www.bsenergyweek.com or contact the organisers for details at info@investinnet.com

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 28/08/21

National bank of Ukraine’s official rates as of 28/08/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 28

Official rates of banking metals from national bank as of August 28

One troy ounce=31.10 grams

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