Business news from Ukraine

Business news from Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JULY 06

Official rates of banking metals from national bank as of July 06

Source: Central Bank

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UKRAINIAN AGRARIAN MINISTRY PREDICTS GRAIN EXPORTS IN 2021/2022 MY AT LEVEL OF 2019/2020 MY

The Ministry of Agrarian Policy and Food expects the recovery of the export volumes of grain and leguminous crops by Ukraine in the 2021/2022 marketing year (MY, July-June) to the indicators of the 2019/2020 MY, the department predicts their exports in the current MY at the level of 56 million tonnes with a harvest of 75.8 million tonnes, the European Business Association (EBA) said on its website.
According to the report, in the 2021/2022 MY, the export of grains and legumes will grow by a quarter compared to preliminary data for 2020/2021 MY, from 44.63 million tonnes to 56 million tonnes.
As reported, with reference to the preliminary data of the Ministry of Agrarian Policy, Ukraine’s exports of grain and leguminous crops in the 2020/2021 MY decreased by 21.3% compared to the 2019/2020 MY, to 44.63 million tonnes. Exports of wheat in the 2020/2021 MY decreased by 18.9% compared to the 2019/2020 MY, to 16.44 million tonnes, corn – by 23.9%, to 23.06 million tonnes, barley – by 17.1%, to 4.21 million tonnes, flour export – 2.6 times, to 126,000 tonnes.
Minister of Agrarian Policy Roman Leschenko told Interfax-Ukraine in May 2021 that the harvest of grains and oilseeds in the 2021/2022 MY could exceed 100 million tonnes, the harvest of winter wheat, corn, sunflower, barley and soybeans is expected to grow.

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REGISTRATIONS OF ELECTRIC VEHICLES IN UKRAINE 5% UP

Registration of new and used electric vehicles in Ukraine in January-June 2021 increased by 5% compared to the same period in 2020, to 3,550 units, including 89.7% of registrations accounted for used vehicles, the Federation of Automotive Industry of Ukraine has said.
According to a post on its website based on data from the Interior Ministry, in the second quarter, the number of registrations (primary plus cars imported from abroad with a customs certificate) increased by 14% compared to the first quarter of this year and by 7% – with the second quarter of last year, up to 1,891 units.
According to the graphic data provided in the report, the most frequently registered cars were those manufactured in 2017 (824 units), 2018 (502 units) and 2019 (454 units), and cars of 2021 with 154 units.
At the same time, a lot of cars registered were produced in 2016 (376 units), 2015 (264 units), 2014 and 2013 (253 units and 255 units, respectively) and 2020 (316 units).
In the first half of the year, the top three brands remained unchanged – Nissan, Tesla and Chevrolet.
However, if Nissan registrations decreased by 14%, to 994 units, Tesla lost 24% – to 688 units, then Chevrolet tripled sales – to 542 cars, and the Chevrolet Bolt EV model became the second most popular model in Ukraine after Nissan Leaf.

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PASSENGERS CARRIED IN JAN-MARCH OF 2021, IN MLN

PASSENGERS CARRIED IN JAN-MARCH OF 2021, IN MLN

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REDUCED TAX RATE IN DIIA CITY TO ALLOW UKRAINIAN IT COMPANIES TO COMPETE MORE SUCCESSFULLY WITH FOREIGN ONES – OPINION

Co-founder of the Ukrainian multi-gaming e-sports organization Natus Vincere (NAVI) Oleksandr Kokhanovsky said that he supports the creation of a special legal regime for IT companies – Diia City.
As Kokhanovsky said during the presentation of Diia City on Monday, his plans are to raise at least $100 million investments in projects in which he is involved, while he noted that the conditions of Diia City would mean fewer risks for foreign investors.
According to him, the reduced tax rate, which will operate within Diia City, will allow Ukrainian companies to compete more successfully with foreign ones, and the strengthening of legislation in the field of intellectual property will improve the country’s image in the eyes of international investors.
“Our goal is to make Kyiv a core of e-sports in Europe. And I am very glad that now we have an ally that will speed up this process at times,” he said during the presentation.
Earlier, Deputy Chairman of the Verkhovna Rada Committee on Digital Transformation Yehor Chernev said that he hopes to adopt a legislative framework for the launch of a special legal regime Diia City by mid-summer.
The Ministry of Digital Transformation of Ukraine expects that the tax system for companies in the Diia City mode will help reduce the tax burden 5-fold.
According to Fedorov, thanks to Diia City, the income of the IT industry in Ukraine by 2025 may grow to $16.5 billion, and the number of jobs in this industry is planned to be increased to 450,000.

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UKRAINIAN ANTONOV INTERESTED IN POSSIBILITY OF COOPERATION WITH TASHKENT MECHANICAL PLANT

State-owned enterprise Antonov (Kyiv) and JSC Tashkent Mechanical Plant (TMZ), following the results of the recent negotiations and visits by the Ukrainian side of the production facilities of TMZ, agreed on a “road map” and on creation of a working group for studying the technological potential of TMZ and the possibility of organizing the production of aircraft parts and assemblies by order of Antonov.
According to the TMZ website, the start of the dialogue was preceded by a meeting in Kyiv of the founder of the investment company Welfare Investment Alliance (Uzbekistan), Alisher Abdualiev, with Director General of Antonov state-owned enterprise Serhiy Bychkov.
During negotiations between Head of the board – TMZ Director General Zafar Isokov and Antonov General Designer Oleksandr Dveyrin with the participation of the Welfare Investment Alliance leaders, the prospects for exporting previously manufactured products and the possibility of expanding the production of parts and assemblies for modern aircraft of SOE Antonov and its subcontractors were discussed.
TMZ said that it continues to produce individual parts and assemblies for the aviation industry, carries out systematic work to restore the production of components for aircraft on the basis of direct contracts with aircraft manufacturers.

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