Business news from Ukraine

Business news from Ukraine

SKYUP TRANSPORTS ALMOST 131,000 PASSENGERS IN OCT

SkyUp (Kyiv) in October 2020 transported 130,900 passengers, of which 114,500 by charter flights and almost 16,400 by regular flights.
The press service of the airline reported on Tuesday, in October there were 825 flights under domestic and international flight programs (672 charter flights, and 133 regular flights). Some 79 flights were performed in Ukraine.
The airline also said that in the past month, it completed 91% of its flights on time.
In addition, in October SkyUp transported 31 tonnes of cargo, which is almost 2.5 times more than in September.
SkyUp Airlines LLC was registered in Kyiv in June 2016. The founder is Tetiana and Yuriy Alba’s ACS-Ukraine LLC, which also owns the JoinUp! tour operator.

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UKRAINE SEES POULTRY MEAT EXPORT RISE BY 7.7%, IMPORT FALL BY 16.3% IN 10 MONTHS

Ukraine increased the export of poultry meat and by-products by 7.7% to 359,540 tonnes in January-October 2020 compared to the same period in 2019, the State Customs Service said.
According to its data, the export of these products decreased in monetary terms by 2.3% to $468.53 million.
At the same time, the import of poultry meat and by-products decreased by 16.3% to 90,920 tonnes in 10 months this year, in monetary terms by 12.3%, to $37.96 million.
According to the State Customs Service, pork export increased by 29.1% to 2,310 tonnes. These products were exported for $5.09 million, which is 28.7% more than in January-October 2019.
Pork import to Ukraine increased by 16.5% to 23,820 tonnes in 10 months 2020, in monetary terms by 21.2%, to $47.26 million.
In addition, during the specified period, Ukraine reduced the export of eggs by 18.2% to 96,130 tonnes, in monetary terms by 8.4%, to $85.93 million.
Import of eggs fell by 44.5% to 2,490 tonnes in January-October 2020, in monetary terms by 50%, to $8.84 million.
As reported, Ukraine in 2019 increased the export of poultry meat and by-products by 26% to 414,500 tonnes compared to 2018, import by 0.6%, to 131,200 tonnes. Pork export increased by 28.6% to 2,300 tonnes, while import decreased by 18.8% to 23,200 tonnes.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 09/11/20

National bank of Ukraine’s official rates as of 09/11/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF NOVEMBER 09

Official rates of banking metals from national bank as of November 09

One troy ounce=31.10 grams

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PRIME MINISTER OF UKRAINE DENYS SHMYHAL HAS SAID THAT $1 TRILLION OF GDP IN 10 YEARS IS UKRAINE’S UNREALIZED POTENTIAL

Prime Minister of Ukraine Denys Shmyhal has said that $1 trillion of GDP in 10 years is Ukraine’s unrealized potential.
“$1 trillion of GDP in 10 years is the unrealized potential of our country. $1 trillion was lost by all citizens of the country due to constant changes in vectors, unfinished reforms, lack of a long-term economic strategy, corruption, and poor governance,” Shmyhal said during the presentation of the country’s economic audit and vectors of economic development until 2030 in Kyiv on Friday.

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PRIME MINISTER OF UKRAINE DENYS SHMYHAL EXPECTS THAT THE OPENING OF A LAND MARKET IN THE COUNTRY WILL BRING $85 BILLION OF ADDITIONAL GDP IN 10 YEARS

Prime Minister of Ukraine Denys Shmyhal expects that the opening of a land market in the country will bring $85 billion of additional GDP in 10 years, and the average cost of land per 1 ha will increase fivefold.
“Ukraine has underutilized its land potential of $85 billion. In 29 years, free disposal of land has been limited, which means that its value has been underestimated several times. During this time, more than 5 million hectares of land have disappeared from the state. Development of irrigation and investment in agriculture has slowed down for decades, and partially stopped at all,” the prime minister said during the presentation of the Audit of the Ukrainian economy and vectors of economic development until 2030 in Kyiv on Friday.
PM: $1 trln of GDP in 10 years is unrealized potential of Ukraine.

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