National bank of Ukraine’s official rates as of 14/09/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of September 14
One troy ounce=31.10 grams
The Interdepartmental Commission on International Trade (ICIT) has decided to apply the final antidumping duties on the import of cement from Turkey to Ukraine for a period of five years, which, depending on the manufacturer, will range from 32.64% to 50.54%.
As stated in an announcement in the Uriadovy Kurier newspaper on Tuesday, the decision of the ICIT of September 2, adopted after considering a complaint from Ukrainian cement producers, will enter into force 30 days after publication.
According to the document, the ICIT rejected proposals from a number of Turkish manufacturers on voluntary written commitments to revise their prices.
According to the State Statistics Service, imports of cement and Portland cement clinkers to Ukraine, classified according to foreign activity codes 2523 10 00 00 and 2523 29 00 00, in the first half of 2021 amounted to 42,290 tonnes for $1.73 million (all from Turkey) and 237,690 tonnes for $11.77 million (Turkey’s share is 97.2% and 95%, respectively).
In its September report, the U.S. Department of Agriculture (USDA) kept the forecast for the production of Ukrainian wheat in the 2021/22 year (July-June) at 33 million tonnes, and its exports at 23.5 million tonnes, which is in line with the Department’s forecast published in August. In the September report, the USDA also kept the forecast for the corn harvest in 2021/22 at 39 million tonnes, and its exports from Ukraine at 32 million tonnes.
As reported, from the beginning of 2021/22 and as of September 10, 2021, Ukraine exported 10.29 million tonnes of grains and legumes, which is 12% more than on the same date of the previous year. Some 5.92 million tonnes of wheat were exported (4.1% less than on the same date 2020/21), 2.99 million tonnes of barley (a rise of 24.7%), 1.34 million tonnes of corn (2.2 times up); 24,700 tonnes of flour (33.7% less).
Investment in physical capital and infrastructure without sufficient investment in human capital may not give Ukraine the expected dividends, World Bank Vice President for Europe and Central Asia Anna Bjerde has said in an exclusive interview with Interfax-Ukraine.
Bjerde welcomed the fact that policymakers have identified priority areas and recognized the need to mobilize investment. She said this, commenting on the government’s intention to stimulate investment in “growth points” – priority sectors.
She emphasized one important aspect that has not been particularly highlighted in the government’s plans – the importance of human capital. Education, skills, experience, innovation and public health together is, according to a study, the most important resource for sustainable economic growth. This is glue that brings together other factors of production, including physical capital and infrastructure, she added.
As reported, the government has identified five priority clusters that can have the highest multiplier effect for Ukraine: technological production, energy security, life safety, transport and the City of Craftsmen, or the development of local, unique industries. According to the government, stimulating these “growth points” with investments in the amount of $1 billion will give the highest multiplier effect and will lead to economic growth by 1-2% of GDP.
National bank of Ukraine’s official rates as of 13/09/21
Source: National Bank of Ukraine
