Business news from Ukraine

Business news from Ukraine

UKRAINE EXPORTS 44 MLN TONNES OF GRAIN IN 2020/2021 MARKETING YEAR

Ukraine in the 2020/2021 marketing year (MY, July-June) exported 44.63 million tonnes of grain and leguminous crops, which is 21.3% less than in the 2019/2020 MY.
This was reported on the website of the Ministry of Agrarian Policy and Food, while the given data are marked as preliminary.
According to the ministry, the export of wheat by Ukraine in 2020/2021 MY decreased by 18.9% compared to 2019/2020 MY, to 16.44 million tonnes, corn – by 23.9%, to 23.06 million tonnes, barley – by 17.1%, to 4.21 million tonnes, flour exports decreased 2.6 times, to 126,000 tonnes.
According to the Ministry of Agrarian Policy, Ukraine exported 56.72 million tonnes of grain and legumes in the 2019/2020 MY.
As reported, the Ministry of Economy in February of this year predicted a decline in exports of grains and legumes in the 2020/2021 MY by 20.5% compared to the previous MY, to 45.4 million tonnes.

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KYIVSTAR INCREASES ITS 4G NETWORK COVERAGE IN 815 SETTLEMENTS OF UKRAINE

Mobile operator Kyivstar has increased its 4G (LTE) network coverage in all regions of Ukraine and connected 815 more settlements to new mobile technologies.
As the company’s press service said on Friday, for this the operator has activated the technology of high-speed data transmission (LTE) at 452 base stations.
Thus, in the southern regions of Ukraine, 4G coverage has been increased on the territory of 316 settlements, in Dnipropetrovsk region – 97, Donetsk and Luhansk regions – 81, in the western regions – in 238, and in the central regions – in 83 settlements.
The report said that in the first quarter of 2021, Kyivstar invested more than UAH 1 billion in the development of new communication technologies, which made it possible to significantly increase the coverage area of the 4G network.
As of the end of April 2021, Kyivstar has installed more than 15,500 base stations in Ukraine, on which LTE (4G) technology is activated. As a result, more than 87% of the Ukrainian population can use access to 4G services in the operator’s network.
The company continues to build new mobile networks so that 90% of the population will have access to 4G by 2022.

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VOLUME OF CONSTRUCTION WORK IN UKRAINE 6% DOWN

The volume of construction work performed in Ukraine in January-May 2021 decreased by 6.1% compared to the same period in 2020.
According to the State Statistics Service, in January-May, the volume of construction work completed amounted to UAH 54.4 billion.
According to the statistics department, in May 2021 the seasonally adjusted index of construction products amounted to 93.1% compared to the previous month, adjusted for the effect of calendar days compared to May 2020 – 91.6%.
The State Statistics Service reported that in May 2021 from May a year earlier, an increase in the volume of construction work was observed only in residential construction – by 30.9%, while in the segment of non-residential construction it decreased by 4.8%, engineering – by 19.7%.
The share of new construction in the total volume of completed construction work was 40.6%, repairs – 31.6%, reconstruction and technical re-equipment – 27.8%.
An increase in the volume of construction work in January-May 2021 compared to January-May 2020 was recorded in Khmelnytsky (by 20.1%, to UAH 1.4 billion), Ternopil (by 50.6%, to UAH 1.1 billion), Rivne (by 20.6%, to UAH 949.5 million), Volyn (by 10.6%, to UAH 713.7 million), Kharkiv (by 10.6%, to UAH 5.9 billion), Donetsk (by 5.9%, to UAH 2.1 billion) and Ivano-Frankivsk (by 9.8%, to UAH 1.1 billion) regions.
In other regions, there was a decrease in construction volumes. The most significant drop was shown by Chernivtsi (by 48%), Kherson (by 32.7%) and Vinnytsia (by 37%) regions.
As reported, the volume of construction work performed in Ukraine in 2020 increased by 4% compared to 2019.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 06/07/21

National bank of Ukraine’s official rates as of 06/07/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JULY 06

Official rates of banking metals from national bank as of July 06

Source: Central Bank

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UKRAINIAN AGRARIAN MINISTRY PREDICTS GRAIN EXPORTS IN 2021/2022 MY AT LEVEL OF 2019/2020 MY

The Ministry of Agrarian Policy and Food expects the recovery of the export volumes of grain and leguminous crops by Ukraine in the 2021/2022 marketing year (MY, July-June) to the indicators of the 2019/2020 MY, the department predicts their exports in the current MY at the level of 56 million tonnes with a harvest of 75.8 million tonnes, the European Business Association (EBA) said on its website.
According to the report, in the 2021/2022 MY, the export of grains and legumes will grow by a quarter compared to preliminary data for 2020/2021 MY, from 44.63 million tonnes to 56 million tonnes.
As reported, with reference to the preliminary data of the Ministry of Agrarian Policy, Ukraine’s exports of grain and leguminous crops in the 2020/2021 MY decreased by 21.3% compared to the 2019/2020 MY, to 44.63 million tonnes. Exports of wheat in the 2020/2021 MY decreased by 18.9% compared to the 2019/2020 MY, to 16.44 million tonnes, corn – by 23.9%, to 23.06 million tonnes, barley – by 17.1%, to 4.21 million tonnes, flour export – 2.6 times, to 126,000 tonnes.
Minister of Agrarian Policy Roman Leschenko told Interfax-Ukraine in May 2021 that the harvest of grains and oilseeds in the 2021/2022 MY could exceed 100 million tonnes, the harvest of winter wheat, corn, sunflower, barley and soybeans is expected to grow.

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