Business news from Ukraine

Business news from Ukraine

UKRAINIAN METAL COMPANIES INCREASE EARNINGS FROM FERROUS METAL EXPORT TO $4.9 BLN IN JAN-MAY

Ukrainian metal companies in January-May 2021 increased earnings from exports of ferrous metals by 49.1% compared to the same period last year, to $4.92 billion.
According to the statistics released by the State Customs Service, in May, earnings from exports of ferrous metals amounted to $1.19 billion.
Ukraine boosted imports of similar products by 16.3% in January-May 2021, to $440 million. In May, this figure was $115.04 million.
In addition, Ukraine increased exports of metal products by 18.9% in the first five months of 2021, to $421.03 million. In May, their export amounted to $99.21 million.
During this period, imports of metal products increased by 22.2%, to $383.15 million. In May, they were imported for $93.12 million.
As reported, in 2020, Ukrainian metal companies reduced earnings from exports of ferrous metals by 12% compared to the previous year, to $7.690 billion. At the same time, Ukraine in 2020 reduced imports of similar products by 17%, to $1.040 billion.

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NO TREES TO BE CUT FOR CONSTRUCTION OF ‘PRESIDENTIAL UNIVERSITY’ IN KIEV

Not a single tree will be destroyed during the construction of the “presidential university” on the territory of the state Expocentre of Ukraine (VDNH, Kyiv), Minister of Education and Science Serhiy Shkarlet said.
“There will be no construction in the park there, not a single tree to be destroyed,” he said at a press conference during the “Ukraine 30. Education and Science” All-Ukrainian Forum on Tuesday, June 1.
The minister said that the construction of the new university is fully in line with the concept of VDNH development.
As reported, on May 31, President of Ukraine Volodymyr Zelensky signed a decree on the creation of the presidential University of Information and Cybersecurity.
According to the Minister of Education and Science Serhiy Shkarlet, the construction of the presidential University on the territory of the state Expocentre of Ukraine (VDNH, Kyiv), will cost UAH 7.2 billion in three years.

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UKRAINIAN METALLURGICAL ENTERPRISES INCREASE STEEL OUTPUT BY 8% IN JAN-MAY

Ukrainian metallurgical enterprises increased the production of general rolled products, according to recent data, by 7.9% in January-May this year compared to the same period last year, to 8,016 million tonnes.
According to the report of the Ukrmetalurgprom association, in the first five months of the year steel production grew by 8.3%, to 8.986 million tonnes, while cast iron output increased 9.1%, to 8.903 million tonnes.
In May, 1.626 million tonnes of rolled metal, 1.85 million tonnes of steel, and 1.83 million tonnes of cast iron were produced.
As reported, in 2020, Ukrainian metallurgical enterprises increased the production of general rolled products by 0.7% compared to the previous year, to 18.344 million tonnes, reduced steel output by 1.4%, to 20.549 million tonnes and increased cast iron production by 1.5%, to 20.358 million tonnes.

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MOST POPULAR AUTO BRAND IN MAY IN UKRAINE WAS TOYOTA

Primary registrations of new passenger cars in Ukraine in January-May this year increased by a third compared to the same period in 2020, to 39,600 units, Ukrautoprom association has reported.
According to the association, including in May, primary registrations grew by 43% compared to the same month of 2020, to almost 8,500 units, which, according to the association, was the best May result over the past eight years (since 2013).
At the same time, compared to April of this year, sales decreased 15%.
The most popular brand of the month, as in May last year, was Toyota with an increase in registrations by 9%, to 1,122 cars, the second place was again taken by Renault with 1,067 registrations (a quarter more), Kia was in third place, which sold 629 cars (6% less).
The fourth position (as in the previous year) was taken by Skoda with a 116% increase by May 2020, to 624 cars. Nissan closes the top five with 415 cars (a rise of 158%), which in May last year occupied the 13th position (and Mercedes was in fifth place).
The top ten of the May market also includes: Chery with 411 cars (a rise of 240% and moved from the 16th position in May 2020); Hyundai with 409 cars (a rise of 62%); Volkswagen with 393 cars (a rise of 438% and a climb from 19th place); Mazda with 345 cars (a rise of 65%, but deterioration by 2 positions); Peugeot with 340 cars (a rise of 74%, in May 2020 it occupied the ninth position).
The bestseller of the month was the Toyota RAV-4 with 472 registrations.
In turn, according to data from the Auto-Consulting information and analytical group posted on its website on Tuesday, May sales of new passenger cars grew by 49% compared to May last year, to 8,714 cars (but decreased 10.7% compared with April 2021).
“Two brands are already consistently selling more than 1,100 cars a month, and half of the top ten go beyond the figure of more than 500 cars,” the analysts of the group said.
According to them, the five best-selling brands coincide with the rating of Ukrautoprom, while Toyota and Renault each took 13% of the Ukrainian market, Kia – 7.3%, Skoda – 7.23% and Nissan – almost 4.9% %.
The experts said that in the premium segment there is still a struggle for leadership among the brands of the German Big Three – in May Mercedes-Benz (275 cars), BMW (269 cars) and Audi (187) finished tightly again.
In general, according to the group, more than 39,734 new cars were sold in January-May 2021, which is 34% more than a year earlier.
“The upward trend of the Ukrainian car market is already the third month in a row, which gives reason to expect very good indicators for the year,” Auto-Consulting said.

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UKRAINIAN PARLIAMENT BACKS BILL ON SIMPLIFICATION OF CONNECTION TO POWER GRIDS

The Verkhovna Rada of Ukraine backed at first reading bill No. 5009 with amendments to some legislative acts of Ukraine regarding the simplification of connection to power grids. The bill was supported by 314 MPs without discussion.
The purpose of the bill is to significantly simplify the procedure for connecting customers to the power grids, reduce the number of procedures, documents and approvals, as well as significantly cut the time required for connection, remove artificial restrictions and remove barriers in the connection procedure, the website of the Verkhovna Rada reported.
The document is aimed at developing business and improving the investment attractiveness of Ukraine by improving its positions in World Bank’s Doing Business.
As Chairman of the relevant parliamentary committee and one of the authors of the bill, Andriy Gerus, said earlier, “the bill provides for simplification of land allocation and documentary procedures for regional electricity supply companies with the purpose of cutting the connection time by 60%.
According to an explanatory note to the document, today it takes over 280 days to connect in particular of a small bakery or workshop to the power grid. The reasons for this are the complex and bureaucratic procedure for registration of rights to land plots for energy facilities, necessary to ensure connections, a significant number of certificates and approvals.
In this regard, the bill abolishes the receipt of certain permits and approvals for connection, the solution of some issues is focused exclusively on the operator of the distribution system, it simplifies access to land plots for energy facilities.
According to the explanatory note, the single-stop mechanism is being implemented to provide customers and developers with design documentation for the construction or reconstruction of power supply networks, electrical installations, applications, inquiries, obtaining output data, information and statements necessary for design and construction and installation works, as well as for approval of the project documentation by the parties involved (authorities).

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$30.7 MLN INVESTED IN UKRAINIAN CAPITAL’S REAL ESTATE IN MAY 2021

The volume of investments in real estate in Kyiv amounted to the equivalent of $30.7 million in May 2021, which is 12% more than in April of the same year, Director of Blagovist Real Estate Agency (Kyiv) Olena Biberova told Interfax-Ukraine.
“The market for the sale and purchase of real estate in Kyiv continues to demonstrate activity. Supply and demand are balanced. At the same time, the new supply that appears on the market is more expensive [by 10-15%] than similar properties that were put up for sale earlier,” she said.
According to Biberova, the most affordable option purchased in May was a one-room apartment of 28 square meters on Novhorodska Street (Solomiansky district), which was bought for $25,000. The most expensive property sold in May was a house with an area of 610 square meters in Lisnyky village (Kyiv-Sviatoshynsky district) purchased for $1 million.
According to the real estate agency, the segment up to $50,000 in May took 14% of the total number of transactions. These were mainly deals with one-, two-room apartments. For example, a one-room apartment of 32 square meters on Bastionna Street (Pechersky district) was bought for $45,000 and a one-room apartment with an area of 41 square meters on Radchenka Street (Solomiansky district) – for $50,000. House with an area of 60 square meters and with a land plot of 21 acres in Vytachiv village (Obukhiv district) was bought for $42,000.
In the segment from $50,000 to $100,000, some 45% of transactions were carried out. It is dominated by two, three-room apartments in Solomiansky, Podilsky, Darnytsky districts of Kyiv in new buildings (residential complexes Quartet, Fayna Town, etc.).
On Hnata Yury Street (Sviatoshynsky district) a two-room apartment with an area of 53 square meters was bought for $52,000, on Academician Williams Street (Holosiyivsky district, residential complex Liko-Hrad) a one-room apartment with an area of 46 square meters was bought for $70,000; and on Kudriashova Street (Solomiansky district) a one-room apartment with an area of 46 square meters was bought for $100,000.
According to Biberova, the price category from $100,000 to $250,000 in May was 35%. The favorites in this category were objects in new houses in Holosiyivsky and Pechersky districts. For example, a one-room apartment with an area of 45 square meters was sold for $102,000 on Bulvarno-Kudriavska Street (Shevchenkivsky district, residential complex Yaroslaviv Hrad), a two-room apartment with an area of 70 square meters on Yevhena Konovaltsia Street (Pechersky district) was sold for $182,000, and a three-room apartment with an area of 110 square meters on Yevhena Konovaltsia Street (Pechersky district) was sold for $245,000. House with an area of 250 square meters in Hatne village (Kyiv-Sviatoshynsky district) was bought for $160,000.
The price category from $250,000 in May is represented by 6% of the total volume of transactions. On Panasa Myrnoho Street (Pechersky district) a five-room apartment with an area of 180 square meters was bought for $262,000. A four-room apartment with an area of 190 square meters on Heroes of Stalingrad Street (Obolonsky district) was bought for $310,000. Non-residential premises with an area of 84 square meters on Mykhaila Drahomyrova Street (Pechersky district) were bought for $775,000.
Blagovist Real Estate Agency, part of the First Realty Group corporation, was established in 1993.
Today, there are eight agency offices in Kyiv, with which about 500 professional real estate consultants cooperate.

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