Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 31/05/21

National bank of Ukraine’s official rates as of 31/05/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MAY 31

Official rates of banking metals from national bank as of May 31

Source: Central Bank

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GROWTH OF INDUSTRIAL PRODUCTION IN UKRAINE ACCELERATES TO 13% IN APRIL

Industrial production in Ukraine in April 2021 increased by 13% compared to April 2020, while in March the growth was 2.1%, in February and January – a fall of 4.6% and 4%, respectively, the State Statistics Service has said.
The agency clarified that, adjusted for the effect of calendar days, the growth of industrial production in the past month was slightly less – 12.5%.
The State Statistics Service indicates that from March this year, industrial production in April fell by 3.2%, however, taking into account the seasonal adjustment, it increased by 2.7%.
In processing industry in April 2021 versus April 2020, the growth was 18%, in extracting industry and quarrying – 6.9%, in the supply of electricity, gas, steam and conditioned air – 4.5%.
In general, over the four months of this year, industrial production in Ukraine increased by 1.5% compared to the same period last year, including in processing industry – by 1.6%, in the supply of electricity, gas, steam and conditioned air – by 4.2%, in extracting industry and quarrying – decreased by 0.5%.
As reported, industrial production in Ukraine in 2020 fell by 5.2% after falling by 0.5% a year earlier. At the same time, in December last year, for the first time since May 2019, its growth was recorded compared to the same period of the previous year – by 4.8%.

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UKRAINE TO RELAX CORONAVIRUS RESTRICTIONS FOR SUMMERTIME

Ukraine will relax coronavirus restrictions for the summertime, Health Minister Viktor Liashko said.
“That’s for the summertime. People are tired of quarantine, the pandemic. Whenever our epidemiological situation stabilities, we may reopen a bit, allow for certain relaxations. There is no surge, there are no massive infections, so we affirm a golden mean – the ability of the healthcare system to treat, and other economic issues,” Liashko said in an interview with the TSN Tyzhden weekly program on Sunday.

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FOREIGN TRADE TURNOVER BY THE MOST IMPORTANT POSITIONS IN JAN-FEB 2021 (IMPORT)

FOREIGN TRADE TURNOVER BY THE MOST IMPORTANT POSITIONS IN JAN-FEB 2021 (IMPORT)

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UKRAINE INITIATES INVESTIGATION INTO IMPORTS OF SODIUM HYPOCHLORITE

Ukraine has initiated a special investigation into imports of sodium hypochlorite into Ukraine (according to foreign economic activity code 2828 90 00 00), regardless of the country of origin and export.

According to the report in the Uriadovy Kurier newspaper, the Interdepartmental Commission on International Trade adopted the corresponding decision on May 19, having considered the statement of JSC Dniproazot.

Based on the results of the consideration, the Commission found that the application contained sufficient substantiated evidence, on the basis of which it can be assumed that imports of sodium hypochlorite to Ukraine were carried out in such volumes and on such conditions that could cause significant harm to the national producer.

Within 30 days from the date of publication of this report, the Ministry of Economy registers the interested parties of the special investigation and considers the requirements for holding hearings.

According to the State Statistics Service, imports under a broader code (other hypochlorites) in the first quarter of 2021 amounted to almost 1,500 tonnes for $500,000, including from Italy – 90 tonnes for $160,000 and Russia – 75 tonnes for $120,000.

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