Business news from Ukraine

Business news from Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JUNE 22

Official rates of banking metals from national bank as of June 22

One troy ounce=31.10 grams

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UKRAINE THINKS ABOUT CONTROL OVER MIGRATION WITH COUNTRIES WHERE DELTA CORONAVIRUS SPREADING

The Ministry of Foreign Affairs of Ukraine and the Ministry of Health of Ukraine have been instructed to prepare proposals on the advisability of installing additional controls and restrictions on migration between Ukraine and countries where the Delta coronavirus (COVID-19) strain is rapidly spreading.
According to the presidential press service, during a conference call at the President’s Office, its participants heard information from the National Academy of Sciences of Ukraine on the spread of COVID-19 Delta strain.
According to the National Academy of Sciences, “this strain of coronavirus is 1.6 times more infectious than the Alpha strain, some 2.26 times more likely to lead to hospitalization, and the risk of resuscitation in case of infection increases 1.45 times.”

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CANADA TO EXTEND UKRAINE HORTICULTURE BUSINESS DEVELOPMENT PROJECT UNTIL MARCH 31, 2022

The Global Affairs Canada, implementing the Ukraine Horticulture Business Development Project (UHBDP), has decided to extend the project until March 31, 2022, whereas it was previously planned to be completed in 2021, project manager Dmytro Nikolayev said during a press conference in Kyiv. According to him, UHBDP for the period from 2014 to 2021 provided financial support for a total of UAH 43.25 million for 2,780 clients.
He clarified that by March 31, 2022, the project will additionally support clients under various programs in the amount of about UAH 20 million. He clarified that at present UHBDP focused on informing farmers about the legislative features of the land market launched from July 1, developing and implementing educational and online trading platforms, and providing grants for business restoration to the most vulnerable groups of agricultural producers.
As reported, UHBDP finances 30% of the total cost of projects, which are at least estimated at $ 200,000. The term of their implementation is a year and a half.
The Ukraine Horticulture Business Development Project (UHBDP) is funded by the Global Affairs Canada, implemented and co-financed by the Mennonite Economic Development Associates (MEDA). MEDA works with Israel’s Agency for International Development Cooperation(MASHAV) and international service companies to provide technical support.
UHBDP works with producers from Zaporizhia, Kherson, Mykolaiv and Odesa regions, engaged in fruit and vegetable growing, berry growing, viticulture and beekeeping.

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UKRAINIAN NATIONAL FOOTBALL TEAM GETS ONLY THIRD PLACE IN GROUP

The Ukrainian national football team on Monday suffered a defeat in front of the Austrian team with a score of 0:1 in the match of the third round of the 2020 European Championship.
According to the match broadcast, in the 21st minute the Austrian national team took the lead. After filing a standard, Christoph Baumgartner beat Illia Zabarny and shot into the corner of the goal of Heorhiy Bushchan.
Mykola Shaparenko tried to attack with a blow, but the Austrian goalkeeper deflected him, and Andriy Yarmolenko’s leg did not reach for finishing.
However, the Austrians had two points to increase the score. In particular, Marko Arnautovic first missed the goal from 12 meters away, and at the end of the half, the Austrian national team player failed to outplay Bushchan.
In the second half, there were no significant changes in the game. Austria controlled the game, almost scoring into their own goal. Until the end of the half, the Austrians lost several chances to double the result. In one case, Bushchan made a save after being hit by Stefan Lainer, in the other Arnautovich made a mistake.
In general, Austria played according to the score and did not give Ukraine a chance to recoup a positive result.
As a result, with a score of 0:1, Ukraine lost the second position in the group, going down to third. Andriy Shevchenko’s team has a 4:5 ratio of goals scored and conceded, which makes it difficult to get into the playoffs due to the rating of the third teams.
The final situation in the ranking will be announced on June 23 in the evening.

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SKYUP AIRLINES FROM KIEV ACQUIRES ANOTHER BOEING 737-900ER

SkyUp (Kiev) has expanded its fleet with a medium-haul Boeing 737-900ER aircraft, increasing its fleet of aircraft to 12 units.
According to the press service of the company, the new aircraft is designed for 215 passengers and will operate flights on all routes in the airline’s schedule. This is the fourth aircraft of this model in its fleet.
“The aircraft, produced in 2008, arrived in Ukraine in the branded SkyUp livery. Also on board are seats of the British brand Acro, which provide more space between the rows for a convenient flight of passengers, and the wings are equipped with split winglets Split Scimitar to save fuel and improve aerodynamics,” the report says.
The aircraft received the state registration number UR-SQL.
Currently, along with the new aircraft, the SkyUp Airlines fleet includes 12 medium-haul aircraft: two Boeing 737-700 NGs with 149 seats, six Boeing 737-800 NGs with 189 seats, four Boeing 737-900 ERs with 215 seats.
By the end of summer, the company plans to replenish its fleet with one more aircraft.

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STATE-CONTROLLED PRIVATBANK TRANSFERS 19.4 BLN DIVIDENDS TO STATE

State-controlled PrivatBank (Kyiv) paid 80%, or UAH 19.4 billion, of profits for 2020 to the state budget, the bank’s press service has said.
According to the report, over the past three years, PrivatBank has directed UAH 55.4 billion to the state budget.
As reported, on April 28, the Cabinet of Ministers approved the distribution of the bank’s profits for 2020. In particular, in addition to paying dividends, the government allocated UAH 3.645 billion (15%) to cover the accumulated losses of previous years, and UAH 1.215 billion (5%) to the reserve fund.
On December 18, 2016, the government of Ukraine, referring to the proposal of the National Bank and the former shareholders of PrivatBank, decided to nationalize this largest financial institution on the Ukrainian market and injected over UAH 155 billion into its capital.
According to statistics from the National Bank of Ukraine, as of March 1, 2021, in terms of total assets (UAH 561.062 billion) PrivatBank ranked first among 73 banks operating in the country.

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