Business news from Ukraine

Business news from Ukraine

DEMAND FOR POULTRY IN UKRAINE 20% UP SINCE QUARANTINE

The demand for poultry since the introduction of quarantine measures in Ukraine in connection with the COVID-19 pandemic has grown by an average of 20% in the country, the press service of Myronivsky Hliboproduct agricultural holding has said.
“Since the introduction of quarantine in Ukraine, the demand for products has grown by an average of 20% in the domestic market. This mainly concerns packaged products,” the company said.
MHP said it had not raised prices for their products.
“MHP will continue to provide Ukrainians with the necessary volumes of chicken to avoid panic and shortages in the domestic market,” the company said.
The agricultural holding said the capacities of MHP enterprises operate at 100%. MHP also exports products to more than 80 countries.
MHP is the largest producer of poultry in Ukraine. It is also engaged in production of cereals, sunflower oil, meat. MHP supplies chilled chicken half-carcasses to the European market, which are also processed at its enterprises in the Netherlands and Slovakia.

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TRUCK DRIVERS NOT SUBJECT TO OBSERVATION

The requirement for mandatory observation does not apply to drivers and maintenance personnel of freight vehicles, if there is no reason to believe that they had contact persons infected with the coronavirus disease (COVID-19).
“The requirement for compulsory observation does not apply to drivers and maintenance personnel of freight vehicles, crew members of aircraft, sea, river vessels, members of train and locomotive crews, if there is no reason to believe that they were in contact with a person with COVID-19 infection,” Infrastructure Minister Vladyslav Krykliy wrote on his Telegram channel.
Earlier, the Ministry of Infrastructure said that, in accordance with the amendments to Ukrainian Chief State Sanitary Doctor’s resolution No. 2 dated March 21, 2020 on preventing the further cases of COVID-19 infection in Ukraine approved by the Health Ministry on March 24, 2020, drivers and maintenance personnel of freight vehicles, crew members of aircraft, sea and river vessels, as well as members of train and locomotive crews crossing the state border, do not sign informed consent to self-isolation.
The Cabinet of Ministers of Ukraine introduced a nationwide emergency situation regime for 30 days until April 24, 2020.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MARCH 30

Official rates of banking metals from national bank as of March 30

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 30/03/20

National bank of Ukraine’s official rates as of 30/03/20

Source: National Bank of Ukraine

FUIB SUPPORTING BUSINESS CLIENTS DURING QUARANTINE

First Ukrainian International Bank (FUIB) abolished fees for external and internal payments in national currency for all FUIB business clients.
Starting from March 30, 2020 and for the entire period of quarantine, the Bank’s business clients, regardless of the business segment, will be able to make all types of payments during the operational time without additional costs.
“Today, Ukrainian business faces a strategically important task to set up its operations in new circumstances, to find other channels of purchases and sales, controlling and optimizing its costs at the same time. However, without mutual understanding, support and synergy, including such from the banks, it will be difficult to achieve. We are aware of this, which is why we have decided to support all of our business clients by canceling the fee for making external and internal payments in national currency. The bank will continue to develop measures that will help entrepreneurs to go through the quarantine period with minimum losses,” says FUIB’s Deputy Chairman of the Board of corporate business Serhiy Mahdych.

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UKRAINE IS ON 13TH PLACE IN WORLDSTEEL RATING IN 2020

Ukraine in February 2020 increased production of steel by 1.2% compared to the same period in 2019, to 1.709 million tonnes, falling from the 12th to 13th place, but retaining the 12th position according to the results of two months of this year in the ranking of 64 countries, the main global manufacturers of these products, compiled by the World Steel Association (Worldsteel).
In February 2020 from February 2019, an increase in steel production was recorded in most countries of the top ten, except for Russia, Germany and Brazil.
The top ten steel producing countries according to the results of February is as follows: China (74.773 million tonnes, an increase of 5%), India (9.560 million tonnes, an increase of 1.5%), Japan (7.916 million tonnes, an increase of 2.2%), the United States (7.168 million tonnes, an increase of 3%), the Russian Federation (5.615 million tons, a drop of 2.3%), South Korea (5.380 million tonnes, an increase of 2.1%), Germany (2.920 million tonnes, a decrease of 12%), Turkey (2.851 million tonnes, an increase of 8.2%), Iran (2.710 million tonnes, an increase of 34.3%), and Brazil (2.704 million tonnes, a decrease of 1.3%).
They are followed by Italy (2.046 million tonnes, an increase of 0.1%), Vietnam (1.780 million tonnes, an increase of 24.4%), Ukraine (1.709 million tonnes, an increase of 1.2%), Taiwan (1.590 million tonnes, a decrease of 5.5%), and Mexico (1.340 million tonnes, a decline of 19.3%).
In February 2020, some 64 countries produced 142.396 million tonnes of steel, which is 2.1% more than in February 2019.