Business news from Ukraine

Business news from Ukraine

UKRAINE CLIMBS TO 13TH PLACE IN WORLDSTEEL RATING OF GLOBAL STEEL MANUFACTURERS

Ukraine in May 2020 reduced steel production by 10.4% compared to the same period in 2019, to 1.638 million tonnes, but climbed from the 15th to 13th place in the ranking of 64 countries, the main global manufacturers of these products, compiled by the World Steel Association (Worldsteel).
In May, a drop in steel production was recorded in most countries of the top ten, except for China and Iran. At the same time, the largest decline in steel production was recorded in India, by 39.1%.
In May, the top ten steel producing countries were as follows: China (92.267 million tonnes, an increase of 4.2%), Japan (5.916 million tonnes, a drop of 31.8%), South Korea (5.387 million tonnes, 14.1% down), the Russian Federation (6 million tonnes, 4.8% down), India (5.767 million tonnes, a decrease of 39.1%), the United States (4.790 million tonnes, a drop of 36.6%), Germany (2.850 million tonnes, 18.9% down), Iran (2.350 million tonnes, an increase of 8.9%), Turkey (2.272 million tonnes, a decrease of 25.8%) and Brazil (2.188 million tonnes, a drop by 22.6%).
They are followed by Vietnam (1.949 million tonnes, more by 11.4%), Taiwan (1.730 million tonnes, 10.6% less), Ukraine (1.638 million tonnes, 10.4% less), Mexico (1.450 million tonnes, 13.2% less) and Italy (1.250 million tonnes, less by 43.6%).
In May, 64 countries produced 148.775 million tonnes of steel, which is 8.7% less than in May 2019.

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COMMODITY TURNOVER IN MAIN RETAIL SEGMENTS IN UKRAINE RETURNS TO PRE-CRISIS LEVEL – OPINION

Commodity turnover in the main retail segments returned to the pre-crisis level according to the results of May 2020, almost reaching the February figures, according to the analysis of the number and volume of payments by credit cards in the network of POS terminals of PrivatBank (Kyiv) in January-May 2020, published by the bank’s press service on Monday.
“Food retail is currently getting out the lockdown without losses. According to the analysis of the volume of payments made by cards in the bank’s retail network of terminals, in March and April 2020, non-cash turnover in food chain stores increased by 25% compared to February. In May, non-cash turnover in the food networks was 23% higher than in February,” the bank said.
Non-cash turnover in the network of pharmacies and medical goods stores increased most of all in the first months of lockdown, in particular, in March compared with February it increased by 30%. At the same time, in May non-cash turnover in the pharmacy chains fell by 18% compared to February.
According to the analysis, the most significant during the lockdown was the reduction of cashless turnover in the electronics and home appliances market, which in March amounted to 10% compared to February, and in April reached 43%. In May, the turnover in this sector returned to the pre-crisis level.
According to PrivatBank, by the end of May, the turnover in filling station chains also returned to the pre-lockdown level after sales fell by 20% in April compared to February.

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UKRAINE WILL RAISE WAGES OF DOCTORS

The Cabinet of Ministers of Ukraine at an extraordinary meeting on June 19 approved a resolution according to which, starting from September 1, 2020, it will increase wages for health sector workers.
“The wages of doctors is one of the lowest in Ukraine, which is unacceptable, especially in the conditions of a worsening epidemic. The draft act proposes, starting July 1, 2020, the establishments of raises to wages for medical and other employees of medical institutions – doctors in the amount of 70% of the official wage, for specialists with basic higher and incomplete higher medical education in the amount of 50% of the minimum wage, to junior medical staff in the amount of 25% of the minimum wage,” Minister of Health Maksym Stepanov said.
“We will raise payments to all doctors in total by the amount of almost UAH 8 billion,” Prime Minister Denys Shmyhal said

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FOREIGNERS ENTERING UKRAINE SHOULD HAVE INSURANCE COVERING COVID-19 TREATMENT

Foreigners entering Ukraine should have an insurance policy covering COVID-19 treatment, Ukraine’s Minister of Health Maksym Stepanov has said.”We are talking about a usual voluntary medical insurance policy. It is very important for us that the person who comes to Ukraine, who is not a citizen of Ukraine and not a refugee, must have a policy that covers exactly the COVID-19 treatment,” he said at a briefing in Kyiv.
The minister explained that according to the law, the state covers treatment only to citizens of Ukraine or refugees who are in the territory of Ukraine

UKRAINE INTERNATIONAL AIRLINES INSTALLS CORONAVIRUS LABORATORIES AT BORYSPIL INTERNATIONAL AIRPORT

Ukraine International Airlines (UIA) has installed the first laboratory for PCR and antibody tests at Boryspil International Airport (Kyiv region).
UIA President Yevhen Dykhne said on Facebook that now the laboratory will be used to test UIA crews, however, it will also be able to provide for the needs of departing or arriving passengers, if the arrival country requires a corresponding certificate.
“For example, Tunisia, with which air traffic will soon be restored, allows free border crossing with the availability of a PCR test,” he added.
Dykhne said that a PCR test currently has the highest specificity and sensitivity, in contrast to rapid tests. The material for analysis is a throat swab, and the analysis takes three hours. At the same time, a possible simultaneous loading of the laboratory is 96 samples.
In addition, he said the laboratory also provides for the option of an urgent PCR test of one individual sample within 40 minutes and testing for antibodies to SARS-CoV-2, which allows to determine the earlier infection and the presence of immunity (the test material is blood from a vein, the speed is 86 tests per hour).

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