Business news from Ukraine

Business news from Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 20

Official rates of banking metals from national bank as of August 20

One troy ounce=31.10 grams

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NUMBER OF UNEMPLOYED IN UKRAINE AND JOB OPPORTUNITIES, MAY 2019 – JUNE 2020

Number of unemployed in Ukraine and job opportunities, May 2019 – June 2020

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SCANDINAVIAN AIRLINES RESTART FLIGHTS TO UKRAINE

Scandinavian airlines have resumed regular flights to Boryspil International Airport (Kyiv region).
The airport’s website said on Tuesday that the airline plans to operate flights from Boryspil International Airport to Oslo International Airport once a week on Tuesdays.
Scandinavian airlines is a multinational airline company, the leading carrier of the Scandinavian countries, based in Stockholm (Sweden), owned by SAS AB. Founding member is Star Alliance.

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MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (EXPORT FROM UKRAINE TO OTHER COUNTRIES) IN JAN-MAY OF 2020

Main trade partners of Ukraine in % from total volume (export from Ukraine to other countries) in Jan-May of 2020

SSC of Ukraine

UKRAINIAN ENTERPRISES INCREASE CONSUMPTION OF METAL BY 10%

Ukrainian enterprises increased the consumption of metal by 9.99% in January-July of this year compared to the same period last year, to 2.54 million tonnes.
According to Ukrmetallurgprom association’s press release published on August 18, a total of 644,400 tonnes, or 25.4% of the domestic metal consumption market, were imported in the first seven months of the year.
“In January-July 2020, 2.54 million tonnes of rolled metal were delivered to domestic consumers, of which 644,400 tonnes, or 25.4%, were imported. During the same time in 2019, the home market capacity was 2.3 million tonnes, of which 826,700 tonnes, or 35.8%, were imported. For seven months of 2020, there was an increase in the domestic rolled metal market capacity compared to January-July 2019 by 10% with a simultaneous decrease in the share of the imported component by 10.4%,” the association said in the press release.
According to Ukrmetallurgprom, in January-July 2020, Ukrainian metal enterprises produced 10.65 million tonnes of rolled metal (96.9% compared to the same period in 2019), of which about 8.75 million tonnes or 82.2% were exported, according to information from ETR-Spectrum LLC.
The share of semi-finished products of export deliveries in January-July 2020 accounted for 49.31%, which noticeably exceeds the indicator for the period January-July 2019 (45.49%). The share of flat products of export deliveries in the first seven months of 2020 is slightly lower than in the same period in 2019 (32.71% and 33.92%, respectively). The share of long steel of export deliveries in January-July 2020 is significantly lower than in January-July 2019 (17.97% in 2020 against 20.6% in 2019).
The main export markets for Ukrainian metal products in January-July 2020, according to ETR-Spectrum LLC, were the countries of the European Union (28.4%), Africa (14.1%) and Asia (13.9%).
Among the metallurgical importers in January-July 2020, the CIS was at the first place (35.8%), the EU-28 was the second (25.4%), and the Asian countries third (20.1%).

EPICENTER K PLANS TO OPEN FIVE NEW CERAMICS CENTERS BY LATE 2020

Epicenter K LLC (Kyiv) is introducing a new format of tile and sanitary ware salons in its shopping centers in Ukraine and by the end of 2020 it plans to open five new Ceramics Centers.
According to the press service of the company, the company has already opened seven Ceramics Center stores in the shop-in-shop format on the site of the former tile and sanitary ware salons in the reconstructed and recently built shopping centers Epicenter.
“The scaling of the new format continues: in August the eighth store Ceramics Center will open in Vinnytsia, and by the end of the year their number will increase to 12. Retail space in Lviv, Khmelnytsky and Kropyvnytsky is in the process of re-equipment,” the press release reads.
It is noted that about 80% of the tiles and sanitary ware of Ceramics Centers are of European brands imported by Epicenter K and their own brands, there are also ceramic tiles of Ukrainian production.
“It is sometimes difficult for buyers to imagine a complete picture of the future interior according to a single sample, therefore we present expositions in Ceramics Centers in almost the same way as at international exhibitions. For example, we glue large mosaics and tiles (60×60, 60×120, 1,200×2,400), the popularity of is which is growing rapidly, in bulk and demonstrate it on a larger area,” Yulia Korsun, the head of the Ceramic Tile department, said.

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