Business news from Ukraine

Business news from Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MAY 31

Official rates of banking metals from national bank as of May 31

Source: Central Bank

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GROWTH OF INDUSTRIAL PRODUCTION IN UKRAINE ACCELERATES TO 13% IN APRIL

Industrial production in Ukraine in April 2021 increased by 13% compared to April 2020, while in March the growth was 2.1%, in February and January – a fall of 4.6% and 4%, respectively, the State Statistics Service has said.
The agency clarified that, adjusted for the effect of calendar days, the growth of industrial production in the past month was slightly less – 12.5%.
The State Statistics Service indicates that from March this year, industrial production in April fell by 3.2%, however, taking into account the seasonal adjustment, it increased by 2.7%.
In processing industry in April 2021 versus April 2020, the growth was 18%, in extracting industry and quarrying – 6.9%, in the supply of electricity, gas, steam and conditioned air – 4.5%.
In general, over the four months of this year, industrial production in Ukraine increased by 1.5% compared to the same period last year, including in processing industry – by 1.6%, in the supply of electricity, gas, steam and conditioned air – by 4.2%, in extracting industry and quarrying – decreased by 0.5%.
As reported, industrial production in Ukraine in 2020 fell by 5.2% after falling by 0.5% a year earlier. At the same time, in December last year, for the first time since May 2019, its growth was recorded compared to the same period of the previous year – by 4.8%.

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UKRAINE TO RELAX CORONAVIRUS RESTRICTIONS FOR SUMMERTIME

Ukraine will relax coronavirus restrictions for the summertime, Health Minister Viktor Liashko said.
“That’s for the summertime. People are tired of quarantine, the pandemic. Whenever our epidemiological situation stabilities, we may reopen a bit, allow for certain relaxations. There is no surge, there are no massive infections, so we affirm a golden mean – the ability of the healthcare system to treat, and other economic issues,” Liashko said in an interview with the TSN Tyzhden weekly program on Sunday.

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FOREIGN TRADE TURNOVER BY THE MOST IMPORTANT POSITIONS IN JAN-FEB 2021 (IMPORT)

FOREIGN TRADE TURNOVER BY THE MOST IMPORTANT POSITIONS IN JAN-FEB 2021 (IMPORT)

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UKRAINE INITIATES INVESTIGATION INTO IMPORTS OF SODIUM HYPOCHLORITE

Ukraine has initiated a special investigation into imports of sodium hypochlorite into Ukraine (according to foreign economic activity code 2828 90 00 00), regardless of the country of origin and export.

According to the report in the Uriadovy Kurier newspaper, the Interdepartmental Commission on International Trade adopted the corresponding decision on May 19, having considered the statement of JSC Dniproazot.

Based on the results of the consideration, the Commission found that the application contained sufficient substantiated evidence, on the basis of which it can be assumed that imports of sodium hypochlorite to Ukraine were carried out in such volumes and on such conditions that could cause significant harm to the national producer.

Within 30 days from the date of publication of this report, the Ministry of Economy registers the interested parties of the special investigation and considers the requirements for holding hearings.

According to the State Statistics Service, imports under a broader code (other hypochlorites) in the first quarter of 2021 amounted to almost 1,500 tonnes for $500,000, including from Italy – 90 tonnes for $160,000 and Russia – 75 tonnes for $120,000.

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UKRAINIAN WORLD CONGRESS CALLS FOR MORATORIUM ON NORD STREAM 2

The Ukrainian World Congress (UWC) calls on the Federal Government and the German Democratic Parties to immediately impose a moratorium on Nord Stream 2.
“The Russian natural gas pipeline, intended to bypass eastern Europe and directly connect in Germany, is scheduled to be completed this summer. It has faced significant European and international condemnation for being a political weapon of the Kremlin intended to use energy supply to control Ukraine and other Eastern European countries,” the UWC’s press service reported.
According to the UWC, a moratorium should be used to: clarify the strategic implications of Nord Stream 2 – particularly with respect to the security of Ukraine and of the EU’s eastern member states; undertake a detailed life cycle assessment of the project and have its climate impacts examined by an independent body; push forward with a common European energy policy; resolve the transatlantic differences relating to Nord Stream 2; and discuss principal issues of controversy between the EU and the Kremlin and reassess Nord Stream 2 in that light of this discussion.
The UWC is emphasizing that Nord Stream 2: undermines European cohesion and transatlantic relations; conflicts with the new European and German climate goals; threatens the already precarious security of Ukraine; and runs counter to the aim of a common EU external energy policy.
“A moratorium for Nord Stream 2 represents a chance to arrive at a common European position. It would deliver a clear message to Russia’s leadership that there are consequences for continuing violations of international law and for undermining the rules-based European order,” UWC President Paul Grod said.
“UWC calls on all Ukrainian and Eastern European communities together with all friends of Ukraine to join the appeal and urge their respective governments to support the moratorium on Nord Stream 2,” the Congress said.

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