Business news from Ukraine

Business news from Ukraine

UKRAINIAN PRO-PRESIDENTIAL PARTY PROJECTED TO GET OVER 40% IN PARLIAMENTARY ELECTIONS – POLLS

Five Ukrainian parties are likely to overcome the 5% election threshold in the upcoming elections to the Verkhovna Rada, and two other parties also have chances to qualify for parliament, considering the margin of error, the Razumkov Center sociological service said in presenting the findings of a public opinion survey on Thursday. The poll of 2,018 respondents aged 18 and older, which Razumkov Center conducted in all regions of Ukraine on July 12 to 17, 2019, showed that 40.2% of all respondents and 44.4% of those who are determined to go to polling stations and have decided for whom to vote are planning to vote for the Servant of the People Party.
Another 12.1% (13.3%) said they would vote for Opposition Platform – For Life, 7.7% (8.5%) for Batkivschyna, 6.8% (7.5%) for European Solidarity, and 6.1% (6.8%) for Holos.
Taking into account the theoretical error margin of 2.3%, two more parties also have chances to be elected to the Rada, as 4.0% (4.5%) said they would vote for Power and Honor and 3.0% (3.3%) for Radical Party.
All other parties running in the elections are unlikely to garner more than 2.5% of votes given by those determined to go to polling stations.
At the same time, 9.5% of the respondents who said they would go to polling stations are still undecided about their preferences.
Another 8.2% of those polled said they would ignore the elections.
Servant of the People has the relatively largest number of supporters in the southern (56.4% of all respondents) and the central (37.8%) macro-regions of Ukraine.
The Opposition Platform – For Life party enjoys better support in the eastern (22.4%) and southern (13.3%) parts of the country.
Batkivschyna has the best chances in the central (10%) and western (7.4%) parts of the country.
European Solidarity should get 6.9% in the central and 8.9% in the western macro-regions.
Holos has the highest support in the western region (12.1%).
“The younger the respondents, the more likely they are going to vote for Servant of the People (the party is supported by 25.3% of those who are 60 or older and by 48.1% of young people aged from 18 to 29). The Holos party also has the highest percentage of support in the youngest age group (18-29 years). Electoral support for the Opposition Platform – For Life, Batkivschyna, and Power and Honor is more prominent among senior age groups,” the sociologists said.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JULY 19

Official rates of banking metals from national bank as of july 19

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 19/07/19

National bank of ukraine’s official rates as of 19/07/19

Source: National Bank of Ukraine

VASYL KHMELNYTSKY’S K.FUND OPENS IT SCHOOL UNIT FACTORY IN KHARKIV

Vasyl Khmelnytsky’s K.Fund is about to open UNIT Factory, a school for programmers in Kharkiv, K.Fund’s press service told Interfax-Ukraine on Thursday.
K.Fund notes that UNIT Factory will prepare programmers using its own ucode curriculum, one of the key features of which is the challenge-based learning methods, that is, solving real-life problems for obtaining applied knowledge.
“This methodology was initiated by Apple and is used in the Apple Developer Academy where students not only learn how to write code, but also create ready-to-market products,” it said.
In addition, it indicates that in the new UNIT Factory campus in Kharkiv, students will be able to master such programming languages and technologies as C, C++, Web (HTML, CSS, JS, PHP) and Java. Duration of training is from one to two years (depending on the progress of a student).
Participants for the UNIT Factory program will be qualified through a so-called marathon, which will last about a month and will start on September 30, 2019 (in total, three marathons are planned this year), K.Fund said.
Training will begin in the middle of January 2020 and will cost UAH 15,000 per calendar year. Any person who is 17 or older can register for the qualification stage.
“We are pleased with the success of UNIT Factory and expand it by introducing new educational practices. For two years, we have been investing in the development of ucode, the program built on Challenge-Based Learning meeting the requirements of the modern world. We want our talented youth to have access to high-quality, up-to-date IT education and find a well-paid job here in Ukraine,” Vasyl Khmelnytsky, Founder of UFuture Investment Group, said.
K.Fund was founded by Ukrainian businessman Vasyl Khmelnytsky in 2015 to support projects in the field of education and economics.
UNIT Factory is a project of K.Fund, founded by Vasyl Khmelnytsky, and supported by a non-profit public organization, Osvіtorіa. Its mission is to promote Ukraine’s innovative development through training of IT professionals.

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NBU SAYS UKRAINE COULD ISSUE $1 BLN EUROBONDS

The updated macro-forecast of the National Bank of Ukraine (NBU) assumes receiving $2 billion from the International Monetary Fund (IMF) under the Extended Fund Facility, as well as the issue of eurobonds worth $1 billion, deputy governor of the NBU Dmytro Sologub has said at a press conference in Kyiv.
“We expect that in the fourth quarter the new program is likely to start with the IMF, and Ukraine will receive $2 billion. And we also expect $2 billion in each of the next years as part of the new structural financing program,” he said.
Sologub stressed that such an assessment is an expert commentary. According to him, if the funds arrive a little earlier or a little later, it will not have a significant impact on other macroeconomic parameters, except for international reserves.
The banker also estimated, based on the example of other countries and the size of Ukraine’s quota in the IMF, that the size of the new program could be in the range of $5-10 billion for a period of 36 to 48 months.
“We have no insight, this is our expert assessment,” he said.
Sologub also said that the National Bank laid down in its forecast another entry of Ukraine to foreign markets with eurobonds in the amount of about $1 billion as its expert assessment.

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NBU FORESEES $2 BLN FROM IMF IN Q4, 2019 UNDER NEW PROGRAM

The updated macro-forecast of the National Bank of Ukraine (NBU) assumes receiving $2 billion from the International Monetary Fund (IMF) under the Extended Fund Facility, deputy governor of the NBU Dmytro Sologub has said at a press conference in Kyiv.
“We expect that in the fourth quarter the new program is likely to start with the IMF, and Ukraine will receive $2 billion. And we also expect $2 billion in each of the next years as part of the new structural financing program,” he said.
Sologub stressed that such an assessment is an expert commentary. According to him, if the funds arrive a little earlier or a little later, it will not have a significant impact on other macroeconomic parameters, except for international reserves.
The banker also estimated, based on the example of other countries and the size of Ukraine’s quota in the IMF, that the size of the new program could be in the range of $5-10 billion for a period of 36 to 48 months.
“We have no insight, this is our expert assessment,” he said.
Sologub also said that the National Bank laid down in its forecast another entry of Ukraine to foreign markets with eurobonds in the amount of about $1 billion as its expert assessment.

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