Business news from Ukraine

Business news from Ukraine

Prime Minister of Ukraine announces start of mass privatization from September 1

Prime Minister Denys Shmyhal says that from September 1, privatization should start massively in Ukraine.
“The President of Ukraine has set the task of launching privatization from September. To this end, the Verkhovna Rada adopted the relevant legislation, the government has developed all the by-laws. We must make this process as fast as possible,” the press service of the government quoted Shmygal as saying after a conference call with regional leaders.
At the same time, according to the prime minister, the state is launching grant programs to motivate businesses and people to create jobs as much as possible.
“Small-scale privatization, especially in regions where people in villages and towns know objects that have been standing for years and inefficiently used, is designed to make it possible to buy these premises at a fair price and start work,” he added.
According to Shmyhal, privatization will also allow expanding production for farmers.
“The Ministry of Economy said that in early September, according to the schedule, auctions for elevator capacities and grain factories will be announced. Market operators, seeing a shortage of capacities, will be able to take part in these tenders,” the prime minister said.

Hryvnia exchange rate strengthened by more than UAH 1/$1 on cash market on Tuesday

On Tuesday, the hryvnia exchange rate in the cash market strengthened by more than 1 UAH/$1, to a level of about 39 UAH/$1, at which it stayed on the first day after the National Bank refixed the official rate from UAH 29.25/$1 to 36, 57 UAH/$1.
According to market participants, at present in some non-bank exchangers in Kyiv it is already possible to buy a dollar a little cheaper than UAH 39/$1, while most banks still offer a selling rate of UAH 39/$1 or worse.
According to the “Minfin” resource, on Thursday morning Raiffeisen Bank declared a selling rate of UAH 38.8/$1, Universal Bank – UAH 38.9/$1, while PrivatBank – UAH 39.15/$1, while the best buying rates are now do not exceed UAH 38.4-38.5/$1.
On the cash “gray” market on Thursday morning, according to the Ministry of Finance, the dollar was quoted: buying – UAH 38.4 / $ 1, selling – UAH 39 / $ 1, having won back UAH 0.1-0.2 after falling by 1.1 -1.3 UAH the day before.
Oleg Gorokhovsky, co-founder of monobank, said that in the first day after the launch on Tuesday evening, about $9 million were sold in the application for buying non-cash currency for placement on a deposit for a period of three months and 11.273 thousand contracts were concluded with a total number of bank customers of about 6 million.

,

Average salary of staff employees (UAH)

Average salary of staff employees (UAH)

State employment center

Zaporizhia Ferroalloy Plant halves output in Jan-June 2022

Zaporizhia Ferroalloy Plant (ZFP) in January-June of this year reduced its output by 49.4% compared to the same period last year, to 49,110 tonnes.
As the Ukrainian Association of Ferroalloy Producers told Interfax-Ukraine, over six months, ZFP reduced production of silicon manganese by 41.6%, to 17,320 tonnes, ferrosilicon – by 57.4%, to 16,620 tonnes, and ferromanganese – by 46.2%, to 13,650 tonnes.
The enterprise also reduced production of metallic manganese by 49.7%, to 1,520 tonnes.
In June, 4,180 tonnes of ferroalloys were produced.
Earlier, Pavel Kravchenko, head of the ZFP board, told the agency that the company continued to operate, although it had reduced production volumes. At the same time, the plant is experiencing difficulties with the provision of consumables, as well as with the shipment of products.

Demand for new commercial vehicles in Ukraine grew by almost 40% in July

Primary registrations of new commercial vehicles (including trucks and special vehicles) in Ukraine in July increased by 38% compared to June of this year, to 593 units, Ukravtoprom reports.
According to a message on the Association’s Telegram channel, at the same time, compared to July last year, the market has decreased by 65%.
As reported, in June this year, this market decreased by 7% by May 2022 and by 3.4 times by June 2021 to 429 units.
According to Ukravtoprom, Volkswagen showed the best result in July with the registration of 66 cars (in July last year, the brand was in fifth place in the rating with 110 cars, in May 2022 it sold only 45 cars).
Second place belongs to Volvo – 65 registrations, third – to MAN with 64 cars.
Renault, the leader of last year’s July and May of this year, dropped to fourth position with 45 cars (against 417 a year earlier), and Hyundai closes the TOP-5, in the standings of which there are 43 cars.
According to Ukravtoprom, in January-July 2022, 3.8 thousand new commercial vehicles were registered in Ukraine, which is 2.2 times less than in the same period last year.
In turn, the AUTO-Consulting information and analytical group, analyzing separately the market for light commercial vehicles (gross weight up to 3.5 tons) and the truck market, notes that the first in July sharply (by 81%) decreased by July last year – to 289 units ., while the second “demonstrated record sales.”
In a message on the website, experts note that the position of the new market leader in light commercial vehicles (LCV) Volkswagen is significantly strengthening – in July it occupied 25% of this market segment with sales growth of 55% by July 2021.
Hyundai came in second place, ahead of Renault by one car.
At the same time, according to the group’s assessment, after the departure of Belarusian MAZ and Russian KAMAZ, the market for heavy-duty vehicles began to transform and European trucks seized the leadership.
In particular, Volvo Trucks became the leader with a share of 18.8%, MAN became the second with a share of 18.5%, and Scania was the third.
“In general, over seven months, the truck market in Ukraine decreased by 43.6%, but in July it was possible to minimize the fall to 33.6%. The market is recovering and recovering and showing the best recovery rates among the entire car market,” AUTO-Consulting notes.

,