Business news from Ukraine

Business news from Ukraine

STATE-RUN OSCHADBANK ISSUES THOUSAND MORTGAGE LOANS FOR UAH 710 MLN OVER SIX MONTHS

The State Oschadbank (Kyiv) has issued a thousand mortgage loans in the amount of UAH 710 million since the beginning of 2021, which is three times more than in the corresponding period last year, the bank’s press service said on Tuesday.
According to the report, in June, 250 loans were issued in the amount of UAH 191 million.
It is indicated that under the “Affordable Mortgage 7%” program the bank has issued 90 loans in the amount of UAH 82 million since the beginning of the year.
According to the statistics of the National Bank, as of March 1, 2021, in terms of total assets, Oschadbank ranked second in the rating (UAH 279.702 billion) among 73 banks operating in the country.

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MAP OF INTERNET COVERINGS OF UKRAINIAN BASIC MOBILE OPERATORS IN JAN 2021

MAP OF INTERNET COVERINGS OF UKRAINIAN BASIC MOBILE OPERATORS IN JAN 2021

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VODAFONE UKRAINE LAUNCHES 4G NETWORK IN MORE THAN 550 SETTLEMENTS OF UKRAINE IN Q1, 2021

The mobile operator Vodafone Ukraine during the first quarter of 2021 launched a high-speed mobile Internet network in more than 550 settlements of Ukraine.
According to the company’s press service on Thursday, to date, Odesa, Dnipropetrovsk, Ternopil, Volyn, Sumy, Vinnytsia, Kherson, Poltava, Cherkasy and Lviv regions are among the top ten regions in terms of 4G network speed.
Among the regional centers, the “fastest” cities were ranked as follows: Mykolaiv, Chernihiv, Rivne, Vinnytsia, Kherson, Dnipro, Odesa, Lviv, Zaporizhia and Cherkasy.
Vodafone Ukraine is the second largest mobile network operator in Ukraine.

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BORYSPIL AIRPORT STILL INCREASING PASSENGER TRAFFIC IN 2021

Boryspil International Airport (Kyiv) in January-June 2021 served 3.397 million passengers, which is 35% more compared to the same period in 2020 (2.519 million).
At the same time, according to the airport’s report, in June it served 938,674 passengers, which is almost 19.4 times more than in June 2020 (lockdown), of which 523,355 people were serviced on regular flights, 415,319 people – on non-scheduled flights.
In June, the airport received and dispatched 7,357 flights, which is six times more than in June 2020.
In addition, in the six months of 2021, Boryspil airport served 1.776 million passengers on regular flights (a 6% decrease) and 1.621 million on non-scheduled flights (an increase of 2.57 times).
In total, in the first half of 2021, the airport received and dispatched 29,264 flights, which is 33.7% more than in the same period in 2020.
At the same time, the number of transfer passengers for the six months of this year decreased by 72.3%, to 107,998 people (for the same period last year, this figure was 389,200 people).
The share of transfers in the total passenger traffic in January-June 2021 decreased from 15.5% to 3.2%.

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ASTARTA EXPORTS ORGANIC SOYBEANS TO GERMANY

Lyst-Ruchky LLC (Ruchky village, Poltava region), part of Astarta agro-industrial holding, exported the first batch of organic soybeans under a contract with the German processing company Agriprotein GmbH, the agricultural holding’s press service reported.
“A supply contract of organic soybeans was concluded with the German processing company Agriprotein GmbH. As per contract, the quality of delivered products has to be confirmed in two stages. The first samples of soybeans were selected and tested by the European laboratory Galab (Germany) prior to signing a contract. The organic origin of the product and its high quality was confirmed. The second stage of the inspection took place upon delivery and organic status of soybeans was reaffirmed,” the company said on its website.
“As reported, last year Astarta completed a three-year journey to the first harvest of organic grain and oilseeds crops in sync with the European trend of expanding organic farming methods. In the 2021 season, the total area of the company’s land bank under organic products is 1,800 ha with the following crops: soybeans, millet, mustard, sunflower, corn and winter wheat,” the report says.
“The company also plans to certify this crops according to Bio Suisse (Switzerland) and USDA NOP (USA) standards,” it said.
As reported, Lyst-Ruchky in July 2020 received a certificate of a manufacturer of organic products. To confirm this status, it took three years of work in a transitional period, the corresponding intermediate inspections and certifications.

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UKRAINE’S RESERVES REACH $28.36 BLN

Ukraine’s international reserves as of July 1, 2021, according to preliminary data, amounted to $28.358 billion (in equivalent), which is 2% more than at the beginning of May this year ($27.84 billion), according to the data of the National Bank of Ukraine (NBU).
“As of July 1, Ukraine’s international reserves, according to preliminary data, amounted to $28.358 billion (in equivalent). In June, they grew by 2% due to foreign exchange charges in favor of the government and NBU interventions, which compensated for the repayment of external and internal obligations of the state,” the report says.
As the National Bank notes, the dynamics of reserves in June was affected by operations on government debt management – the total volume of payments for servicing and repaying government and government-guaranteed debt in foreign currency amounted to $995.6 million (in equivalent).
It is specified that $848 million was spent on servicing and redeeming government domestic loan bonds, $80.1 million – on servicing eurobonds, and the rest – on fulfilling other government obligations in foreign currency.
At the same time, foreign exchange earnings in favor of the government amounted to $1.095 billion (in equivalent), including $726.3 million from the placement of government bonds.
The press service noted that in May, the NBU and the government sent $2.3 million to the IMF.
It is indicated that the dynamics of reserves was also influenced by the operations of the NBU in the interbank market. In particular, the NBU replenished its reserves by $682.8 million due to the fact that for most of the month the supply of foreign exchange on the interbank market prevailed over demand, including due to the growing interest of non-residents in government bonds and the activation of exporters.
In addition, on some days, the regulator smoothed out excessive fluctuations of the hryvnia by selling foreign currency, selling $99.5 million per month.
According to the report, the dynamics of the indicator in June was also influenced by the revaluation of financial instruments – last month their value decreased by $180.8 million in equivalent, according to the National Bank.
As the regulator noted, as of July 1, 2021, the volume of international reserves covers 4.3 months of future imports. It is clarified that this is enough to fulfill the obligations of Ukraine and the current operations of the government and the NBU.
In addition, the NBU clarified that Ukraine’s net international reserves in June increased by $623 million, or 3.6%, to $17.977 billion.