Business news from Ukraine

Business news from Ukraine

7% MORTGAGE DOES NOT AFFECT VOLUME OF HOUSING SALES IN UKRAINE

The mortgage program, which is being implemented by the government at the initiative of the president of Ukraine through the Entrepreneurship Development Fund, did not affect housing sales, Viktoria Volkovska, the director general of the Finance and Investment Management Association (FIMA), has told Interfax-Ukraine.
According to FIMA research, 53.8% of surveyed managers of construction financing funds did not notice the impact of “mortgage at 7%” on sales and do not expect it in the future. At the same time, 38.5% still hope that it will have an impact on the volume of construction and sales. Only 7.7% are optimistic about the program and consider it as the beginning of active growth in the industry.
“Some 38.5% of respondents see the reason for the not very successful start of the “mortgage at 7%” as the conditions of the program do not suit the borrowers,” Volkovska said.
At the same time, 30.8% of respondents indicated that the terms of the program do not suit lenders and developers, and 7.7% simply believe that the program does not work.
“The fact that borrowers cannot pass financial scoring at the bank because of their salaries in envelopes is not considered a problem,” the expert emphasized.
The FIMA study is based on an online survey of construction finance fund managers, conducted following the results of the first half of 2021.
The Finance and Investment Management Association (FIMA) was established in May 2020. It unites 41 financial companies-managers of construction financing funds in Kyiv, Lviv, Odesa, Dnipropetrovsk, Khmelnytsky and Kharkiv.

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THE RUS CHRISTIANIZATION DAY WILL BE CELEBRATED IN A BIG WAY NEAR KYIV

On July, 24, 25, 31 and August, 1 the Kyivan Rus Christianization day will be celebrated in a big way in the «Kyivan Rus Park». In the program: theatricalization of bylinas, legends, and historical events related to the adoption of Christianity by Kyivan Rus, horse-trick performances, merry games and traditional round dances, master classes, and the fair of folk crafts. In the evening there will be the unforgettable night program with fire special effects.
Ancient Kyiv opens at 10:00, the theatrical program from 14:00.
The ticket price: a full adult ticket – 250 UAH, for pensioners and students – 150 UAH, for schoolchildren – 100 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

YIELD OF NEW HARVESTED WHEAT IN UKRAINE – 42.8 CENTNERS/HA

Ukrainian farmers since the beginning of the harvesting campaign as of July 23 had harvested 14.1 million tonnes (8.6 million tonnes more per week from July 19 to July 23) of grain and leguminous crops from an area of 3.4 million hectares (22% from the forecast).
According to the information and analytical portal of the agro-industrial complex of Ukraine, in the context of crops, the following were threshed: winter barley – 5 million tonnes from an area of 1.9 million hectares (48% of the total area under this crop), winter wheat – 8.86 million tonnes from 2.68 million hectares (30%), peas – 240,000 tonnes from 110,000 hectares (47%).
According to the portal, the yield of the harvested winter barley was 41.8 centners/ha, winter wheat – 42.8 centners/ha, peas – 22.1 centners/ha.
The portal clarified that the leaders in harvesting since the beginning of the harvesting campaign are Kherson (the harvest was threshed from 69% of the area), Mykolaiv (60%), Luhansk (44%), Donetsk (39%) and Odesa (29%) regions.
As reported, the Ministry of Agrarian Policy and Food predicts the harvest of grain and leguminous crops in the 2021/2022 marketing year at the level of 75.8 million tonnes, exports may reach 56 million tonnes.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JULY 23

Official rates of banking metals from national bank as of July 23

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 23/07/21

National bank of Ukraine’s official rates as of 23/07/21

Source: National Bank of Ukraine

STATE-RUN ENERGOATOM INCREASES ELECTRICITY GENERATION BY 7% IN H1

Nuclear Power Plants (NPPs) of National Nuclear Generating Company Energoatom in January-June 2021 generated 42.1 billion kWh of electricity, which is 6.8% more than in the same period last year (39.4 billion kWh).
“Some 42.1 billion kWh were generated, which is 54.2% of the total electricity generated in Ukraine. In 2020, the share of electricity generated by Energoatom was 51.4%. The electricity generation target has been fulfilled by 106.6%,” Energoatom said on its website on Thursday.
As the company said, Energoatom managed to produce 1.6 billion kWh out of 2.7 billion kWh of additional electricity volumes in the first half of the year by reducing the time for scheduled preventive maintenance at NPPs by almost 75 days.
The installed capacity utilization factor (ICUF) of NPPs amounted to 69.9%, which is 5 percentage points more than in the first half of 2020.
The volume of funding for capital expenditures of Energoatom amounted to UAH 5.1 billion, which is 40.2% more than the same indicator for January-June 2020 (UAH 3.66 billion).
Among the most significant projects in the first half of the year, the company noted construction and preparation for commissioning of the Central Spent Fuel Storage Facility (CSFSF), completion of the first stage of splash pools of the South-Ukraine energy complex, construction of a radioactive waste processing complex at Khmelnytsky NPP, as well as construction of the Vilcha-Yaniv railway track with a length of 43 km, which will connect the CSFSF with the railway network of Ukraine.

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