Business news from Ukraine

Business news from Ukraine

CONSTRUCTION OF PRESIDENTIAL UNIVERSITY IN UKRAINE TO COST USD 260 MLN

Minister of Education and Science Serhiy Shkarlet says that 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.
“Geographically, the location is 16 hectares at Expocentre of Ukraine […] In general, the development of the Presidential University together with the biocluster and the bioclinic is a logical completion of the spatial development of the Expocentre territory, so that students have an opportunity to use all infrastructure facilities at the same time,” he said on press conference during the All-Ukrainian forum “Ukraine 30. Education and Science” on Monday.
According to the presented concept, the territory of the University will occupy 16 hectares, the total building area – 25,800 square meters.
There will be 11 campuses on the territory of the institution, including: five specialized scientific campuses, an administrative building, an apart-hotel for students, an apart-hotel for teachers, a hospital, a diplomatic service and a building with offices of foreign companies.
The minister noted that the implementation of the concept over three years with the preparation of documentation, new construction, and the primary necessary equipment will cost UAH 7.2 billion.

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NUMBER OF BOOKED AIR TICKETS BY UKRAINIANS UP BY 32%

The number of booked air tickets for the week increased by 32%, and the frequency of trips of Ukrainians to the place of work also increased by 16%, according to an Economic Recovery Tracker study conducted by the Centre for Economic Strategy (CES).
According to the center’s release on Friday, the week before the lockdown was introduced in mid-March 2020, the number of bookings was 35% lower.
“Now people go to work most often since the beginning of the pandemic. Attendance at jobs has increased by 16% in a week and is now the highest in the last year,” the CES said.
According to its data, visits to the mall and the use of transport increased by 6%. At the same time, the number of visitors to grocery stores and pharmacies increased by 4% and exceeds the indicator of the pre-quarantine period, the study said.
The number of purchased train tickets on RailwayBot has dropped by 11% over the past week, but is generally at a high level. In the same period last year, the railway began to open routes after the end of a strict lockdown in the country, the CES recalled.
The number of card payments through POS-terminals increased by 3.8% over the week.
“Transfers through Privat24 also began to increase by 7% during the last week and by 18.2% of the lowest mark when falling on the May holidays,” the report said.
Revenue of establishments in the last week increased by 13% and became more than in the middle of March 2020. Cafes and restaurants continue to open, increasing the total number of establishments by 10% per week.
In terms of open positions, their number has increased by 17% over the past week. The number of applicants for this period also increased by 7%. At the same time, during the last week, short-term room reservations decreased by 7%. Nevertheless, the number of booked apartments is kept at a high level and is now the same as in the same period in 2019, the Centre for Economic Strategy said.
For the study, the Centre for Economic Strategy uses data provided by PrivatBank and Privat24, as well as Google, Work.ua, Rabota.ua, Jooble, LUN, Ukrenergo, Dragon Capital, Opendatabot, Aviasales, RailwayBot, Poster, Booking.com, Airbnb, Transparent, Vrbo and Tripadvisor.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 31/05/21

National bank of Ukraine’s official rates as of 31/05/21

Source: National Bank of 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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