Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 14/06/21

National bank of Ukraine’s official rates as of 14/06/21

Source: National Bank of Ukraine

EGYPT-UKRAINE BUSINESS COUNCIL TO BOOST COOPERATION BETWEEN COUNTRIES

The restoration of the Egypt-Ukraine Business Council will be on the agenda of the intergovernmental bilateral meeting in June, which will be held in Egypt, Ambassador Extraordinary and Plenipotentiary of the Arab Republic of Egypt Ayman Ahmed Mokhtar Elgammal has said in an exclusive interview with Interfax-Ukraine.
He said that the Egypt-Ukraine Business Council will consist of representatives of Ukrainian and Egyptian business.
The Ambassador said that the Chambers of Commerce of both countries will present participants who are interested and have experience in doing business both in Ukraine and in Egypt. The council’s activities will also be aimed at promoting business and bilateral investments, holding various sectoral specialized exhibitions in both countries. Thus, since the council includes both sides, it will be clearer for business how to invest in Ukraine, Elgammal said.
The ambassador recalled that the Egypt-Ukraine Business Council was created ten years ago, but has been inactive in recent years.
The focus of activity (of the council) is not limited to investments. All types of business activities, investments, co-production, joint ventures and projects depending on the sector – everything will be promoted by this council, Elgammal said.
He is convinced that obtaining information on investment opportunities in Ukraine and Egypt through the council will be much faster and easier than through government institutions in both countries.

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URSULA VON DER LEYEN: UKRAINE OCCUPIES IMPORTANT PLACE ON G7 AGENDA

Ukraine occupies an important place in the discussions of the leaders of the G7 countries, said President of the European Commission Ursula von der Leyen.
“Ukraine is high on our common agenda. The G7 supports Ukraine’s territorial integrity and stands ready to assist in its reform efforts. Ukraine needs strong institutions acting based on the rule of law,” she wrote on Twitter on Saturday.

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PRESIDENT OF UKRAINE TO PARTICIPATE IN “ECONOMY WITHOUT OLIGARCHS FORUM” ON TUESDAY

On Tuesday, June 15, President of Ukraine Volodymyr Zelensky and Prime Minister Denys Shmyhal will take part in the “Ukraine 30. Economy without oligarchs” All-Ukrainian Forum, which will be held in Kyiv on June 14 to June 16.
According to the forum’s program, the opening of the Ukraine 30. Economy without oligarchs All-Ukrainian Forum is scheduled for Monday, June 14, with the participation of Prime Minister Shmyhal at 10:30.
On Tuesday, June 15, President Volodymyr Zelensky will speak at 10:30, and Prime Minister Shmyhal will speak at 10:40.
On Wednesday, June 16, the third day of the forum will be opened by Head of the State Property Fund Dmytro Sennychenko.

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UKRAINIAN AMBASSADOR SINGS LEASE AGREEMENT FOR CONSULATE IN TEXAS

Ukrainian Ambassador to the United States Oksana Markarova signed an agreement on the lease of the premises, which will house the new consulate of Ukraine in the state of Texas, according to the Ukrainian Embassy in the United States.
“Today we took another important step towards the opening of the Consulate General of Ukraine in Houston, Texas. Ambassador Oksana Markarova signed a lease agreement for the premises where the new foreign diplomatic institution of Ukraine in the United States will officially be located,” the message on the Facebook social network says.
“We are very pleased with the opportunity to increase and develop the Ukrainian presence in the American regions. South America has a large and active Ukrainian society, as well as great potential for the development of new strategic directions of the Ukrainian-American partnership,” the embassy said.

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UKRAINE RAISES IMPORTS OF COKING COAL IN JAN-MAY

Coke and chemical plants of Ukraine in January-May of this year imported 4 million tonnes of raw coking coal and coking coal concentrate, which is 4.2% more than in the same period last year.
According to an information note of the Ukrmetalurgprom association, the supply of Ukrainian coal mined during this period amounted to 1.64 million tonnes, which is 8.6% more than in the same period last year.
In general, in January-May 2021, Ukrainian coke and chemical plants received 5.64 million tonnes of coal for coking, which is 5.4% more compared to January-May 2020. At the same time, the share of imported coal in the total supply amounted to 70.9% versus 71.8% in January-May 2020.
Some 3.424 million tonnes of coke (101.8% compared to January-May 2020) were supplied to Ukrainian metallurgical enterprises, including 3.346 million tonnes of Ukrainian origin (100.3%), and 68,000 tonnes of imported (4.53 times more). The share of imported coke in the total supply amounted to 1.99% versus 0.45% in January-May last year.
In addition, in January-May 2021, some 1.5 million tonnes of scrap metal were procured (134.8% compared to the same period in 2020), of which 1.354 million tonnes (123.5%) were supplied to Ukrainian consumers as imported. Exports of scrap metal in January-May 2021 amounted to 146,000 tonnes (887%).
It is noted that the provision of metallurgical enterprises with Ukrainian iron ore raw materials for the specified period was carried out in accordance with the needs of metallurgical production. The iron ore was not imported. Iron ore exports in January-May 2021 amounted to 18.54 million tonnes (98.2% compared to the same period in 2020).
According to the updated data of Ukrmetalurgprom, in January-May of this year, 14.029 million tonnes of sinter were produced (107.8% versus January-May 2020), 4.107 million tonnes of gross coke with moisture content 6% (102.2%), some 8.903 million tonnes of cast iron (109.1%), some 8.987 million tonnes of steel (108.3%), some 8.023 million tonnes of rolled products (108%), and 390,000 tonnes of pipe products (115.8%).
As of June 10, 2021, of the main operating production facilities 18 out of 21 blast furnaces, seven out of eight open-hearth furnaces, 14 out of 16 converters, five out of 15 electric furnaces and 16 out of 17 continuous casting machines were in operation.

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