Business news from Ukraine

Business news from Ukraine

ITALY OPEN TO UKRAINIANS FROM JULY 31

The Italian government will open entry for all types of travel for Ukrainian citizens from July 31, Ukrainian Foreign Minister Dmytro Kuleba said.
“Everyone asked when Italy would open. I answer that Italy has been restoring visa-free travel for Ukrainians since July 31 according to the recommendation of the EU Council. There is a nuance, five days of self-isolation upon arrival. But even self-isolation cannot spoil emotions when you are in Italy,” Kuleba said on Twitter on Friday.
According to the information on the website of the Consular Service of Ukraine, since July 31, Ukraine has been included in the list of countries of D category, which provides for the opportunity to visit the territory of the Italian Republic for any purpose, including tourism.
At the same time, those wishing to visit Italy should take into account the mandatory requirements: the presence of a certificate of a negative result of molecular or rapid testing for COVID-19, which must be done at least 72 hours before arrival; fill out the online Passenger Locator Form on the website: https://app.euplf.eu/; upon arrival in Italy, citizens must self-isolate for five days, after which they must retest for COVID-19, which must confirm a negative result.
These conditions will be valid until August 30, 2021.

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 30/07/21

National bank of Ukraine’s official rates as of 30/07/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JULY 30

Official rates of banking metals from national bank as of July 30

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE ESTIMATES GROWTH OF GDP AT 7.5% IN Q2

The National Bank of Ukraine (NBU) in the updated Inflation Report published on the website again worsened the estimate of the growth of Ukraine’s gross domestic product (GDP) in the second quarter of 2021 (hereinafter compared to the same period in 2020), to 7.5% from 8.7% in April and from 11.3% in the January report.
The negative impact of last year’s low harvest on exports, the food industry and agriculture (in particular, livestock farming due to a decrease in profitability as a result of higher prices for feed) remained. The negative conditions influenced agriculture and a later start of the harvesting (one week later), the National Bank said, explaining the deterioration of the assessment.
The NBU also revised its forecast for GDP dynamics in the second half of this year. If in April he expected economic growth in the third and fourth quarters, respectively, by 4.2% and 3.6%, now – by 3.6% and 5.8%.
“The key risks to the macroeconomic forecast are the imposition of stricter quarantine measures in Ukraine and globally, and a longer and more pronounced than expected surge in global inflation,” the National Bank said.
As reported, in general, the NBU confirmed the forecast for GDP growth for 2021 at 3.8% and for 2022-2023 at 4%.
According to the report, the central bank expects the economy to expand by 6.7% in the first and second quarters of next year, slowing to 2.8% in the third and to 1% in the fourth quarters.

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VOLUME OF CONSTRUCTION WORK IN UKRAINE 0.2% UP IN H1

The volume of construction work performed in Ukraine in January-June 2021 increased by 0.2% compared to the same period in 2020.
According to the State Statistics Service, in January-June, the volume of construction work completed amounted to UAH 76.8 billion.
According to the statistics department, in June 2021 the seasonally adjusted index of construction products amounted to 116.4% compared to the previous month, the one adjusted for the effect of calendar days compared to June 2020 – 121%.
The service reported that in June 2021 from June a year earlier, an increase in the volume of construction work was observed in all segments of construction: in residential – by 24.1%, non-residential – by 1.2%, engineering – by 29.3%.
The share of new construction in the total volume of completed construction work was 36.8%, repairs – 35.7%, reconstruction and technical re-equipment – 27.5%.
An increase in the volume of construction work in January-June 2021 compared to January-June 2020 was recorded in Ternopil (by 52%, to UAH 1.4 billion), Rivne (by 24.8%, to UAH 1.2 billion), Volyn (by 24.6%, to UAH 1 billion), Cherkasy (by 17.9%, to UAH 994.8 million), Ivano-Frankivsk (by 14.3%, to UAH 1.4 billion), Khmelnytsky (by 12.7%, to UAH 2 billion), Odesa (by 8.6%, to UAH 8.8 billion), Donetsk (by 8%, to UAH 3 billion), Kharkiv (by 10.3%, to UAH 7.3 billion), Zhytomyr (by 3.7%, to UAH 801.4 million), Kyiv (by 2.4%, to UAH 5.3 billion), Lviv (by 0.5%, to UAH 4.8 billion) regions and Kyiv (by 1.7%, to UAH 18.1 billion).
In other regions, there was a decrease in construction volumes. The most significant drop was shown by Chernivtsi (by 38.7%) and Kirovohrad (by 34.1%) regions.

UKRAINE INTERNATIONAL AIRLINES AND SKYUP LAUNCH FLIGHTS TO NICE

Ukraine International Airlines (UIA) is launching seasonal flights on the Kyiv-Nice-Kyiv route from August 8, the restoration of air traffic became possible due to the mitigation of epidemiological requirements on the part of France.
The press service of UIA reported that flights to Nice will be operated every Tuesday and Sunday: departure from Kyiv will be at 09:30, arrival in Nice at 11:35; back – departure at 12:35, arrival at 16:30.
Flights will last until September 29.
In turn, SkyUp Airlines will launch flights on this route from August 19.
As noted on the airline’s Facebook page, they will be carried out on Thursdays and Sundays.
In addition, from August 20, SkyUp will launch flights on the Kyiv-Paris/Beauvais-Kyiv route. They will run on Mondays, Wednesdays and Fridays.

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