Business news from Ukraine

Business news from Ukraine

UIA PERFORMS 9,000 REGULAR FLIGHTS IN NINE MONTHS

Ukraine International Airlines (UIA) performed 8,981 regular flights and 2,728 charter flights in January-September.
As noted in a message posted on the airline’s website on Tuesday, October 20, UIA continues to restore its flight network, despite epidemiological restrictions that have limited aviation operations.
During the period from January to September 2020, the airline performed 8,981 scheduled flights, 2,728 charter flights and carried 1.451 million passengers.
The number of passengers on UIA regular flights during this period amounted to 1.005 million, and on charter flights to 446,480.
“The percentage of transit for the nine months is 40% (taking into account all regular flights). The volume of cargo transportation (both on regular and charter flights) is 3,616 tonnes,” the report says.
In the first nine months of 2020, UIA serves 46 routes (including both regular and charter flights).
In September, the airline operated 466 regular and 772 charter flights, carried 171,713 passengers (of which 37,800 were on regular flights and 133,900 on charter flights).
The percentage of transit on airline flights in September 2020 amounted to 22%.
The volume of cargo transportation amounted to 176,263 tonnes.
UIA closely monitors the development of the epidemiological situation in each country to which it operates flights and declares its readiness to gradually restore the route network while improving epidemiological indicators and obtaining permits for flights.

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UKRAINIAN PHARMA MARKET COULD GROW BY 6% IN 2020

By the end of 2020, the pharmaceutical market of Ukraine will grow by 5-6% in national currency, while at the beginning of the year a growth of 14% was expected, Director of AstraZeneca Ukraine LLC Yevhen Gaidukov has said.
“If we had a forecast of about 14% growth in the national currency, now we believe that by the end of the year the market will grow by 5-6% in hryvnia, but growth will depend on the U.S. dollar exchange rate,” he said during the European Business Association (EBA) Global Outlook event held in Kyiv on Tuesday.
Gaidukov said that the key challenge faced by the pharmaceutical market in 2020 was the almost complete absence of patients in clinics since April-May and “absolutely panic demand in March.”
“We, as an industry, were not ready for this. Telemedicine and other means of remote communication between a doctor and a patient were undeveloped. This is the reason for the market decline,” he said.
Under the optimistic scenario, Gaidukov predicts the growth of the pharmaceutical market by 10-11% in 2021.
“For 2021, we believe that the market will grow by 10-11% under the optimistic scenario. With regard to our company, we want to grow and this year, we will grow several times faster than the market,” he said.
At the same time, Gaidukov said that the pace of the Ukrainian pharmaceutical market “will strongly depend on the reform of the healthcare system, which has slowed down this year, taking into account the prioritization of other things, in particular COVID-19.”

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NAFTOGAZ POSTPONES EUROBOND PLACEMENT

Naftogaz Ukrainy in the evening on October 20 postponed the placement of dollar-denominated eurobonds indefinitely, a source in the market has told Interfax-Ukraine.
According to him, a corresponding report from the company has been sent to investors.
Earlier on October 20 it was reported that the benchmark for the yield of U.S. dollar eurobonds was 9-9.25%. The company planned to place a new issue with maturity in February 2027 and has already opened the order book. Citi is the sole organizer of the placement.

MACRO SUMMARY OF UKRAINIAN ECONOMY IN AUG-SEPT

Fitch Ratings has affirmed Ukraine’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B’ with a stable outlook, the rating agency said on its website.
The decision to partially buy back GDP warrants issued during the restructuring of Ukraine’s external debt in 2015 is aimed at reducing payments from the state budget, which next year should amount to $40 million, and for the entire circulation period of these securities may exceed $22 billion by 2040, Finance Minister Serhiy Marchenko has said.
The fall in Ukraine’s GDP in January-July 2020 slowed down to 6.2% compared to 6.5% in the first half of this year, according to the economic activity review for the seven months of 2020, published by the Ministry of Economic Development, Trade and Agriculture.
S&P Global Ratings affirmed its global scale long-term foreign and local currency sovereign ratings on Ukraine at ‘B’ and its Ukraine national scale ratings at ‘uaA’.
The decline in the gross domestic product (GDP) of Ukraine in 2020 will be 6%, but next year the economy will return to growth: in 2021 – by 4%, in 2022-2023 – by 3% annually, according to a forecast contained in the report of the S&P Global Ratings (S&P), which affirmed Ukraine’s ratings at ‘B/B.’
The task of financing the deficit of the state budget of Ukraine for 2021 of UAH 270 billion, or 6% of GDP, is feasible and can be accomplished without using the scheme for banks to purchase government domestic loan bonds at non-market rates thanks to refinancing loans from the National Bank, Finance Minister Serhiy Marchenko has said.
Dragon Capital Investment Company has improved its forecast for the fall of the Ukrainian economy in 2020 from 7.2% of GDP to 5.5% of GDP, head of the company Tomas Fiala has said.
Ukraine’s GDP is forecast to contract by 5.5% in 2020, followed by a recovery of 3.0% in 2021, according to the September Regional Economic Prospects of the European Bank for Reconstruction and Development (EBRD) published on Thursday.
The deficit of Ukraine’s foreign trade in goods in January-August 2020 halved compared with January-August 2019, to $2.43 billion from $4.96 billion, according to data from the State Customs Service presented on Tuesday. According to its statistics, the export of goods from Ukraine over the specified period compared to the same period in 2019 decreased 6.6%, to $ 30.91 billion, imports – 12.4%, to $33.34 billion.
Consumer prices in Ukraine in August 2020 decreased by 0.2% after falling by 0.6% in July and growing by 0.2% in June, 0.3% in May and 0.8% in April and March, the State Statistics Service has reported.
The draft state budget for 2021 provides for an increase in receipts by 9.4%, expenditure – by 5.1%, Minister of Finance of Ukraine Serhiy Marchenko has said.
The loan portfolio of Ukrainian banks in January-August 2020 expanded by 3.8% to UAH 1.14 trillion, including the volume of non-performing loans (NPL) – by 3.2%, to UAH 547.71 billion, according to a report posted on the website of the National Bank of Ukraine (NBU).
The retail trade turnover in Ukraine in August 2020 increased by 8.7% compared to the same month in 2019 at comparable prices, while in the previous month the growth was 8.5%, the State Statistics Service has said.
According to the report, in August compared to July 2020 retail turnover increased by 2.2%.

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HOUSING PRICES IN UKRAINE GROW IN PRIMARY MARKET BY 7.7%, IN SECONDARY MARKET BY 10.6% IN Q3

Prices in the primary housing market in Ukraine in July-September 2020 grew by 7.7% compared to the same period in 2019, in the secondary market – by 10.6%, the State Statistics Service has reported.
According to the service, the largest increase in prices in the primary housing market in the third quarter was seen for one-room apartments (by 9.3%) and three-room apartments (8.1%), while two-room apartments had risen in price by 5.9%.
In the secondary market, prices for one-room apartments (by 11.9%) and two-room (11.2%) increased the most, while prices for three-room apartments rose by 8.5%.
At the same time, according to the State Statistics Service, in the reporting period, the growth in housing prices slowed down in the primary market and accelerated in the secondary market. In particular, in the primary market housing prices increased 1.2% compared to the second quarter of 2020: (by 2% for three-room apartments, by 1.6% for one-room apartments and by 0.5% for two-room apartments). At the same time, in the second quarter compared to the first, growth accelerated by 1.8%.
On the secondary housing market in the third quarter of 2020 compared with the second, prices rose by 2.4% (by 3.1% for two-room apartments, by 2.6% – for three-room apartments, by 1.1% – for one-room apartments) , while compared with the first quarter they grew by 1.5%.
The figures are given without taking into account the temporarily occupied territory of Crimea and Sevastopol, as well as part of the occupied territories of Donetsk and Luhansk regions.

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BIOHACKING CONFERENCE ABOUT EFFICIENT HEALTH OPTIMIZATION TECHNIQUES TO TAKE PLACE IN KIEV ON NOVEMBER 11

In the modern world of rapid technological development, you need to do a lot to be successful and stay in the top. It is especially important to know how to stay healthy and enjoy a fulfilling life, be productive and push yourself beyond limits.
Answers to the most topical questions about upgrading the body and mind will be given at the first Biohacking Conference Kyiv, dedicated to innovative ways of improving health and prolonging youth. Organized by Smile-Expo, the event will take place on November 11, 2020.
Leading experts from various industries will speak at the event: doctors, scientists, gerontologists, biohackers and many others. Among them:
Oleksandr Kolyada – geneticist, research associate at the lab of epigenetics at the Institute of Gerontology, founder of DIAGEN lab.
Lyudmyla Goncharova – dietarian, immunologist, two-time winner of The Battle of Nutritionists TV show on STB, founder of Goncharova Clinic.
Oleksandr Skorokhod – Candidate of Biological Sciences, research worker at the Department of signaling cell systems at the Institute of Molecular Biology and Genetics at the National Academy of Sciences of Ukraine.
Hlib Khodorovskyi – meditation expert, experienced mindfulness trainer.
Experts will delve into the main biohacking tools and explain the interrelation of dieting and longevity. Separately, speakers will discuss how genetic researches help to detect health risks, determine parameters of food digestion, and draw up a disease prevention program. In addition, the reports will focus on a safe approach to sports training, the benefits of mindfulness meditations and health management intended to improve productivity in all areas of life.
About safety measures at the conference
To protect guests, speakers, participants, and sponsors of the event against catching coronavirus, Biohacking Conference Kyiv will adhere to all the requirements of the Ukrainian government and the Ministry of Healthcare aimed to prevent the spread of COVID-19.
The following preventive measures will be taken at event, among others:
– Admission to the event is allowed only in a protective face mask or respirator.
– Temperature screening at the entrance.
– Availability of antiseptics in the premises, where the event will take place.
– The number of conference attendees is restricted according to the requirements of the Ministry of Healthcare.
– The distance between chairs for guests will be at least 1.5 meters.
Organizer and venue
The event is organized by the international Smile-Expo company, which specializes in industry events dedicated to innovations.
Biohacking Conference Kyiv will be held at Oasis conference hall on November 11.
More info and registration: kyiv.biohacking.events
Interfax-Ukraine – General News Partner of the event.

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