Business news from Ukraine

Business news from Ukraine

UKRAINE EXPECTS TO HOST SUMMER AND WINTER YOUTH OLYMPICS IN 2030, 2032

Minister of Youth and Sports of Ukraine Vadym Gutzeit says that Ukraine is counting on and working to host the Summer and Winter Youth Olympic Games in 2030 and 2032.
“We are not considering the Summer Olympics yet. We are counting on and working on the Winter Youth Olympics, Summer Youth Olympics and Winter Olympics: these are 2030 and 2032,” Gutzeit said in an exclusive interview with Interfax-Ukraine.
When asked whether the estimates for the budget and the necessary infrastructure facilities are already ready in the context of the possible holding of the Winter Youth Olympic Games in Ukraine, the minister noted that they could be held in Western Ukraine, in particular in Bukovel, and also involve some other cities, but calculations have not been made yet.
“And above all, now we are talking about the Youth Olympic Games as test ones. This is a smaller budget and not as difficult as the adult Olympic Games. They can be held in Kyiv, because the infrastructure allows,” he added.
In addition, the minister is confident that Ukraine will be able to independently host the Big Winter Olympics.
“It is difficult, but possible. It all depends on the built sports infrastructure. It is impossible to do everything at once when it has been abandoned for decades,” he said.
When asked if Ukraine is considering the possibility of holding one of the future Olympics together with one of its neighbors, Gutzeit gave a negative answer.
“There is no such thing to be able to jointly hold the Olympic Games. This is not being considered,” he stressed.
As reported, in 2020, President of Ukraine Volodymyr Zelensky said that for Ukraine an ambitious sporting goal is to host the Olympic Games.

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OFFICE OF WORLD TRADE CENTERS ASSOCIATION OPENED IN UKRAINE

An office of the World Trade Centers Association (WTCA) has been opened in Ukraine, WTC Kyiv President Valeriy Mescheriakov said at a press conference.
“Ukraine’s entry into the World Trade Centers Association indicates that the country’s investment, entrepreneurial and innovative potential today attracts foreign investors,” he said.
According to the President of WTC Kyiv, the opening of the WTCA office introduces Ukraine to the global business environment as an equal, full-fledged member.
“This powerful business community, uniting about 100 countries, has offices in 318 cities around the world. We see two main directions, promoting competitive products of our manufacturers to new markets and raising investments for domestic development projects,” Mescheriakov said.
Within two years, the headquarters of WTC Kyiv will be constructed in Kyiv.
The World Trade Center in Kyiv (WTC Kyiv) represents an international community that brings together entrepreneurs, industrialists, government agencies and local governments to give a new impetus to the Ukrainian economy for the competitive development of citizens and business initiatives. WTC Kyiv received the status of a WTCA member.
WTCA is an international ecosystem of global connectivity and integrated trading services, operating in nearly 100 countries. The association fosters trade and investment opportunities for commercial property developers, economic development agencies and international business.

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UKRAINIAN BANKS’ CASH EXCHANGE RATES ON 16/08/21

Ukrainian banks’ cash exchange rates on 16/08/21

Source: Interfax-Ukraine

UKRAINIAN SKYUP ADDS MEDIUM-HAUL BOEING TO ITS FLEET

SkyUp (Kyiv) added its 14th aircraft to its fleet, a medium-haul Boeing 737-800NG for 189 passengers.
The airline said on its website on Saturday, this is the eighth aircraft of this model in the SkyUp fleet.
The plane arrived in Kyiv in a branded livery, equipped with split winglets Split Scimitar.
Aircraft registration number is UR-SQP, manufacture year is 2006.
The new aircraft is ready for operation and will be scheduled as soon as all necessary permits have been received.

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MONOBANK VALUE EXCEEDS $1 BLN

The cost of a virtual monobank is more than $1 billion, bank’s co-founder Oleh Horokhvsky has said.
“Ukrainian monobank is already worth more than $1 billion dollars and is not for sale,” he said on his Telegram channel on Sunday.
According to him, with such an assessment, not a single Ukrainian bank can technically buy monobank.
“Only a consortium of foreign investment funds can handle this ‘candy,” Horokhvsky said.
Monobank was founded in January 2017 by former top managers of PrivatBank Horokhovsky, Dmytro Dubilet and Mykhailo Rohalsky. By October 2017, the bank issued the first thousand credit cards, in February 2018 it started to raise deposits in hryvnia.
The number of monobank clients in November 2020 increased to 3 million people.

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INTERPIPE STEEL RAISES STEEL PRODUCTION BY 20%

Electric steelmaking complex Interpipe Steel, part of international vertically integrated pipe and wheel company Interpipe (Dnipro), in January-July of this year increased steel production, according to recent data, by 19.9% compared to the same period last year, to 537,000 tonnes.
As the company told Interfax-Ukraine, 79,000 tonnes of steel were produced in July.
In 2020, the company reduced steel production by 11.2% compared to 2019, to 758,700 tonnes.
Interpipe is a Ukrainian industrial company, a manufacturer of seamless pipes and railway wheels. The company’s products are supplied to more than 80 countries all over the world through a chain of commercial offices located in the CIS, Europe, the United States and the Middle East.

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