National bank of Ukraine’s official rates as of 04/06/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of June 4
One troy ounce=31.10 grams
The production of cable and wire products in Ukraine in the first quarter of 2021 decreased by 8.2% (by weight of metal) compared to the same period in 2020, the Ukrelektrokabel association reported on its website on Monday.
“Due to quarantine restrictions, a rapid decrease in demand, an uncontrolled rise in prices for raw materials and other unfavorable factors, in the first quarter of 2021 the enterprises of the association and the cable industry of Ukraine showed a decline,” the association said.
According to the analysis of the activities of the member enterprises, the processing of copper decreased by 12.1%, PVC (polyvinyl chloride) compounds by 13.1%, polyethylene by 8.5%, and insulating varnishes by 25.2%.
A significant decrease in production was demonstrated, in particular, by self-supporting insulated and protected wires by 30.1%; power cables with voltage up to 1 kV by 23.5%; electrical wires for power units by 27.7%, and lighting cords and wires by 18.1%.
The production of wires for industrial blasting operations fell even more significantly by 66.2% and radio frequency cables by 55%.
In addition, Ukrelektrokabel informs, in the first quarter, TF Cable Ukraine LLC (Chernihiv), a manufacturer of cable and wire products for energy distribution networks, has completely ceased production and 25% of the personnel were laid off.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, TF Cable Ukraine LLC with a charter capital of UAH 125.6 million was registered in 2008, and 100% of its shares are owned by the Polish company Tele-Fonika Kable.
According to Ukrelektrokabel, the negative events also included the forced reduction of 60% of the personnel at Cable Factory LLC (Kamianets-Podilsky), which produces installation cables and wires, as well as 15% of the personnel at Odesa-based Twomen Cable Factory (production of telecommunication copper and fiber-optic cables).
According to the data on the association’s website, it unites 18 manufacturers of cable and wire products, including large ones: Odeskabel, Pivdencable (Yuzhcable) plants (Kharkiv) and others.
Hungarian Prime Minister Viktor Orban is ready to meet with Ukrainian President Volodymyr Zelensky, said Hungarian Minister of the Prime Minister’s Office Gergely Gulyás.
“Ukraine is a very important neighbor of Hungary. Therefore, we are ready to meet. It rests with Ukraine to decide,” Gulyás said in an interview with Varosh published on Thursday.
He stressed that there are no additional conditions for this meeting.
“The Hungarian Prime Minister is ready to meet with Volodymyr Zelensky,” Gulyás added.
TOP 20 COUNTRIES UKRAINE HAS POSTED THE HIGHEST SURPLUS OF TRADE IN GOODS IN JAN-FEB 2021 (THSD USD)
The Cabinet of Ministers expects the hryvnia exchange rate in the range of UAH 28 or UAH 29 per $1 in 2022-2023 and inflation will decrease to 6.2% in 2022 and 5% in 2023, Prime Minister Denys Shmyhal said.
The head of government said the relevant indicators are laid down in the Budget Declaration and the 2022-2024 Forecast of Economic and Social Development, approved by the government.
“The growth of salaries in the next three years will be approximately 8% to 10% per year (taking into account inflation). Inflation will return to the target of 5% in 2023, and it will be 6.2% in 2022,” Shmyhal said.
