Business news from Ukraine

Prices for construction and installation works in Ukraine in June increased by 8.4%

Prices for construction and installation works in Ukraine in June 2024 increased by 8.4% compared to June 2023, reported the State Statistics Service (Gosstat).

According to the State Statistics Service, in June 2024 to June 2023 prices increased in all segments of construction: in residential construction growth amounted to 8.9%, in non-residential – 9%, in engineering – 7.7%. Compared to May of this year, prices increased by 1%, 0.6% and 0.5% respectively.

At the end of the second quarter, prices for construction work rose by 8.1% year-on-year in April-June 2023, and at the end of the first half of the year – by 9.7% compared to the same period a year earlier.

As reported, in 2023, prices for construction works increased by 15.8% year-on-year.

The State Statistics Committee pointed out that the indicators are given without taking into account the temporarily occupied territories and part of the territories where there are (were) hostilities.

 

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Net profit of banking system increased by 16.8% – National Bank

In January-June this year, Ukrainian banks increased their net profit by UAH 11.4 billion, or 16.8% compared to the same period in 2023, to UAH 79.04 billion, the National Bank of Ukraine (NBU) reported.
“The main factors of profitability are the maintenance of a high net interest margin and almost zero allocations to provisions for losses from active operations,” the NBU explained the reasons for the increase in profitability.
“In the first half of the year, only seven small banks out of 62 solvent banks were unprofitable with a total loss of UAH 171 million,” the NBU said.
According to the NBU, the profitability of banks’ core assets continued to decline in the second quarter. In particular, it fell most rapidly for NBU certificates of deposit, which led banks to reduce their investments in these securities, the regulator said.
At the same time, interest rates on domestic government bonds (OVDPs) also went down, but the volume of investments in them grew.
“It is due to the increase in assets that banks have maintained a fairly high net interest margin and increased revenues,” the regulator emphasized.
It is noted that the return on equity of banks in the first half of 2024 amounted to 48.4%, which is lower than the same indicator in the first half of 2023, which was 56%.
The amount of income tax accrued by banks in the first six months of this year amounted to UAH 21.9 billion, compared to UAH 12.4 billion in the same period last year, as the income tax rate was increased from 18% to 25%.
According to the NBU, the banking system’s net profit last year amounted to UAH 82.8 billion after charging UAH 76.2 billion in income tax at the increased rate of 50%.

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Kiev records rapid increase in incidence of covid-19 disease

Increase in morbidity Covid-19 fixed in the Ukrainian capital in the present time, reported on the site of the Kiev city state administration (KGGA) on Wednesday.

As reported by the director of the Department of Health of the KSCA Valentina Ginzburg, in June in Kiev there were 199 laboratory-confirmed cases of coronavirus, in July – early August – 1 thousand 660, then in the second week of August, 1 thousand 283 people have already fallen ill, including 174 children.

The number of hospitalized people requiring artificial ventilation is also growing. However, in most cases, the disease runs without significant complications. “However, and in this lies its own dangers. Painful, not too suffering symptom, list them on fatigue, usual usmork, even on allergic reactions due to color ambrosia, for example. Therefore, he continues to live a socially active life, to work, and thus to spread Covid,” Ginzburg warned.

She urged to be conscious of your health and epidemic safety, use protective masks, hand antiseptics, avoid crowded places and contact with people with cold symptoms, keep your distance in crowded places.

“Be sure to stay home if you feel unwell. Once again, I remind you – even a headache, a slight runny nose, or a general feeling of discomfort can be symptoms of Covid. This applies to adults and children as well. Get tested. Seek medical advice. With such a responsible approach, you will not only protect yourself from complications of the disease, but also do not endanger people around you,” Ginzburg emphasized.

 

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Ukrainian enterprises in January-July increased imports of nickel by 2 times

Ukrainian enterprises in January-July this year increased imports of nickel and nickel products by 2 times compared to the same period of 2023 – up to $16.980 million (in July – $4.026 million).
Ukraine for 2023 decreased imports of nickel and products by 74.2% compared to 2022 – to $15.391 million.
Nickel is used in the production of stainless steel, for nickel plating. Nickel is also used in the production of batteries, in powder metallurgy and in chemical reagents.

 

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Beer production in Ukraine increased by 6.9%

Beer production in Ukraine in January-July 2024 reached 84.4 million dal, up 6.9% compared to the same period in 2023, according to the website of the industry organization of brewers Ukrpyvo.
“The expert estimate of beer production in Ukraine for 7 months of 2024 is 84.4 million dal, or 106.9% compared to the same period in 2023. At the same time, this figure is only 80.9% of the production volume for 7 months of 2021,” the statement said.
Beer production in Ukraine in 2022 decreased by 27.9% compared to 2021 – to 122.8 million dal.
By the end of 2022, the brewing industry had partially recovered from a 50% drop in production in the first quarter due to the Russian invasion and the shutdown of some breweries.
Thus, in the first four months of the year, the decline amounted to 42.8% compared to the same period in 2021, January-May – 36.4%, January-June – 32%, January-July and January-August – 31.6% each, January-September – 30.5%, January-October – 28.6%, January-November – 28.1%, and 27.9% in the previous year.

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GTSOU bought 128 mln cubic meters of gas at UEEX

“In January-July 2024, the Ukrainian Gas TSO purchased 128.1 million cubic meters at the Ukrainian Energy Exchange (UEEX), the company’s press service reports.
According to it, the operator concluded 82 agreements with 18 sellers, in particular, in July, GTSOU bought 29.9 million cubic meters at the UEEX, concluding 18 contracts with 10 sellers.
“The operator is interested in expanding the range of counterparties and building long-term mutually beneficial relations with the market. The company plans to actively offer participants a full list of procurement products, in particular to non-resident participants with the delivery of “border of Ukraine” and with the delivery of UGS “customs warehouse”,” the statement said.
GTSOU provides natural gas transportation to consumers in Ukraine and the European Union.

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