Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 09/06/21

National bank of Ukraine’s official rates as of 09/06/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JUNE 9

Official rates of banking metals from national bank as of June 9

One troy ounce=31.10 grams

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MINISTRY OF CULTURE AND INFORMATION POLICY OF UKRAINE PRESENTS NEW VISUAL BRAND

The Ministry of Culture and Information Policy of Ukraine (MCIP) presented a new visual brand of the department.
“The rebranding aims to show the ministry as a modern state institution that meets today’s challenges. The new brand style represents the current Ukrainian culture – attractive and understandable for modern Ukrainians,” the ministry’s press service said.
It is noted that the new logo of the Ministry of Culture is “light and graceful”, the sketches of the letters in the logo have careful references to ancient Russian calligraphy, such as “The Tale of Igor’s Campaign” and the manuscripts of Kyivan Rus.
“The abbreviation MCIP is sewn into the new logo, the thin outline and rounding are subconsciously read as soft and friendly elements that create dynamics like a reflection of a new round of history and culture. The intersection of letters in the abbreviation reminds of the interdisciplinarity of the areas of MCIp’s work. The logo can be used as a full-color sign, combining two colors, and as a monochrome sign, which provides for the use of only black or white,” the message says.
The logo is based on two colors: yellow and red, which are supposed to be used only on a contrasting background.
It is noted that minimalism is taken as the basis for the new corporate identity of the ministry.
“When developing the new identity, the main attention was paid to such strategic directions as: culture, creative economy, information policy, tourism, as well as major restoration,” the ministry said.
The ministry’s new identity was reportedly developed by Green Penguin creative agency with the support of USAID Transformation Communications Activity.

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ACTUAL PRICE OF CRUDE OIL IN UKRAINE 5% UP IN MAY

The actual price of crude oil and condensate used in determining the payment for subsoil use in May 2021 amounted to UAH 13,257 per tonne, which is 5.2% more than in April 2021 (UAH 12,605 per tonne).
The relevant data was posted on the website of the Ministry for Development of Economy of Ukraine.
As reported, in January 2020, the actual selling price of oil and gas condensate amounted to UAH 11,114 per tonne, in February – UAH 9,648, in March – UAH 5,913, in April – UAH 3,960, in May – UAH 6,199, in June – UAH 8,115, in July – UAH 8,847, in August – UAH 8,887, in September – UAH 8,467, in October – UAH 8,447, in November – UAH 9,034, in December – UAH 10,127 per tonne.
In January 2021 the selling price was UAH 11,114 per tonne, in February 2021 it was 12,302 per tonne, in March it was UAH 12,832 per tonne, and in April it was UAH 12,605 per tonne.

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QUOTES OF INTERBANK CURRENCY MARKET OF UKRAINE (UAH FOR €1, IN 01.04.2021-30.04.2021)

QUOTES OF INTERBANK CURRENCY MARKET OF UKRAINE (UAH FOR €1, IN 01.04.2021-30.04.2021)

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UKRAINE MAY RETURN TO IDEA OF CONSORTIUM FOR MANAGING GAS TRANSMISSION SYSTEM

Ukraine may return to the idea of attracting European and American companies to manage its gas transmission system (GTS), Advisor to the Minister of Energy of Ukraine Lana Zerkal has said, expressing this opinion on the air of ICTV TV channel.
“This may be the same idea that was in 2019 for a joint consortium involving European and American companies to use the Ukrainian pipeline,” the ministry’s press service said, citing her.
According to Zerkal, this step will contribute to the lifting of Gazprom’s export monopoly on gas sales, since European consumers will have access to the GTS, deciding which gas supply route is more profitable for them.
“This is a geopolitical problem and it must be resolved at the geopolitical level using mechanisms inherent in geopolitics. Nord Stream 2 has become a stumbling block for the whole of Europe and for transatlantic relations. This is not only a question of Ukraine. This gas pipe has become an issue and a subject of international negotiations at the highest level,” Zerkal said.
She recalled that with the help of Ukraine’s partners in the European Union, it was already possible to amend the EU Third Gas Directive, which provides for its application to Nord Stream 2.
“It is very important that it be applied in full, because it will make it possible to balance market relations if Nord Stream 2 is nevertheless completed, certified and launched,” she said.
According to her, the EU has tools that can secure Ukraine from the use of Nord Stream 2 in full, leaving the Ukrainian GTS without transit.
“But for this we need to work with the European Commission, as well as with other countries that are also not interested in the launch of Nord Stream 2,” Zerkal said.

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