Motor Sich (Zaporizhia) will supply four D-436-148FM aircraft engines to Antonov state-owned enterprise and 14 helicopter engines to Turkish Aerospace Industries (TUSAS), the corresponding contracts were signed in June.
According to a report in the ProZorro system, the amount of the contract concluded on June 15 with Antonov State Enterprise is UAH 414.99 million (UAH 86.46 million per engine), while two engines, subject to timely advance payment, must be delivered on DDP terms until the end this year and two more – until the end of October next year.
According to the agreement signed with TUSAS on June 26, Motor Sich will supply engines for attacking heavy-class helicopters, the Turkish side said in a statement. According to the report, the delivery of the first two engines is expected in September 2022, and the first flight of these helicopters is scheduled for 2023. The entire contract is valid until 2025.
There is no information about the cost of the Turkish contract yet.
PJSC Motor Sich is one of the world’s largest manufacturers of engines for aviation equipment, as well as industrial gas turbine units. It supplies products to more than 100 countries around the world.
Experts estimate the average cost of 1 hectare of agricultural land after the opening of the land market on July 1 at $2,200, by the end of the year its cost will reach $2,500/ha, co-founder of the Land Club association of land investors Oleksandr Kolotilin has told Interfax-Ukraine.
“The start of the market is on average planned at the level of $2,200 per ha. But at the same time, it must be clearly understood that the agricultural land market existed before July 1, 2021. Still, 5 million hectares of land allocated within the framework of free privatization for private farming for all the years of Ukraine’s independence is also a sufficient amount of land. Thus, the price of land that was under the moratorium correlates with the market that has existed all this time,” Kolotilin, who in 2017-2019 was the acting head of the State Service of Ukraine for Geodesy, Cartography and Cadastre, said.
He clarified that the opening of the land market will be beneficial primarily to its sellers, since at the first stage of the land reform implementation there will be no more than 10% of the total number of interested parties who want to sell their shares.
“Since there are many more people who want to buy or invest in agricultural land today than offers, this will gradually push the price up. I do not think that by January 1, 2022 the situation will change dramatically, but it is definitely worth expecting an increase in prices. On average, the price will reach the level of $2,500/ha,” the expert noted.
According to him, in different regions and even different districts of the same region, the cost of land differs quite strongly.
“If, for example, in the north and center of Ukraine land prices are high and growing, in the south, in the zone of risky agriculture, in the zone of difficult access to moisture, where there is the need for serious investments in land reclamation, they are lower. Today the average price in central Ukraine is $2,000-2,500, in the north – $1,700-2,200, and in Kherson region I’m not sure that someone will pay more than $1,000 per hectare without access to moisture,” he noted.
The expert said that he does not expect a rush to buy land in specific regions. According to him, the greatest demand for agricultural land will remain in the central, northern and western parts of Ukraine.
The decline in the incidence of the coronavirus (COVID-19) disease in Ukraine is slowing down, but there is currently no high risk of an increase, experts from Kyiv School of Economics (KSE) have said.
“The situation with the incidence in Ukraine continues to decline in terms of the number of detected cases. At the same time, the decline rate is slowing down,” Head of KSE Center for Health Economics Yuriy Hanychenko said during an online presentation of an analysis of the situation with the spread of COVID-19.
At the same time, he said that an outbreak of the disease in the country is possible in July-August – everything will depend on how the situation with the spread of the British, South African and Indian strains of the virus will develop in Ukraine.
“However, in the next week or two, we do not expect a significant increase in the incidence,” Hanychenko said.
According to him, the average daily number of deaths in Ukraine continues to decline and amounts to 31 deaths per day.
“The number of hospitalizations has stopped declining and reached a plateau. This may be the result of a long weekend. At the same time, discharges continue to exceed hospitalizations by more than 1.5 times. The number of patients with COVID-19 is reduced by 20% per week. This week, there was an increase in the level of hospitalizations in Luhansk region by over 60%, but this growth was technical,” Hanychenko said.
At the same time, he noted that three regions need to increase the number of tests.
“In Kyiv, Luhansk and Khmelnytsky regions, the level of testing is falling. It is very dangerous due to the fact that the Delta strain was detected in Ukraine last week. In Kyiv and Luhansk regions, along with the reduction in testing, the detection rate is growing,” Hanychenko said.
KSE said that Ukraine needs to triple the pace of vaccination in order to reach the European level.
“The pace of vaccination in Ukraine is increasing – by a third over the past week. Thanks to this, the lag behind the average European pace of vaccination has decreased, but it still remains high [by three times]. Ukraine needs to triple the pace, there is a vaccine for this,” Hanychenko said.
He said that currently in Ukraine about 62,000 people are vaccinated on average per day. To vaccinate 70% of the population of Ukraine, it is necessary to vaccinate more than 225,000 people daily.
The negative balance of Ukraine’s foreign trade in goods in January-June 2021 decreased by 8.36%, to $1.25 billion with an increase in exports of almost 30.3%, to $29.97 billion, imports – by 28.4%, to $31.22 billion, according to data from the State Customs Service.
“Exports for the six months of 2021 grew by 30.27% compared to the first half of last year and amounted to $29.97 billion. But the main thing is an even smaller negative balance than last year. Some $1.25 billion – 8.36% less than last year,” Deputy Minister of Economy – Trade Representative of Ukraine Taras Kachka said on Facebook.
At the same time, the trade representative pointed out that, compared with the indicator for the first half of 2019, before the effect of the pandemic, exports for the first half of 2021 grew by 22%. As of July 1, 2019, foreign trade deficit was $3.16 billion.
“So we have two years of reduction in the negative balance by 60% (from $3.16 billion to $1.25 billion),” Kachka said.
Kachka also noted an increase in exports to the EU by 45% in January-June-2021, to $12.3 billion, and compared to the first half of 2019, the growth is 20%.
“Exports to China are also growing at a similar rate of 42.4% compared to the first half of last year, but compared to the first half of 2019, this is already a fantastic 175% (from $1.56 billion to $4.28 billion),” he said.
The trade representative also noted that according to the results of the first half of the year, Ukraine recorded a positive balance of trade with Turkey – $460 million, compared with a negative balance of $80 million in January-June 2020. At the same time, Ukraine during the specified reporting period of this year raised exports to Turkey by 51%, to $1.79 billion, which is explained by the boom in commodities in light of the economic recovery.
“But it’s worth paying attention to industrial goods (my favorite groups are 84 + 85, where all electrical and mechanical equipment is grouped). We traditionally have a negative balance for these groups. But exports in the first half of the year grew by 32%, to $2.4 billion. And this is also $366 million more than in the first half of 2019,” the official said.
He also drew attention to the growth of furniture exports by 56.2% compared to the first half of 2019 and by 73.6% compared to January-June 2020. Although, in general, this is a relatively small export item – for the six months of 2021, Ukraine exported furniture worth $510 million (94 product groups).
FOREIGN DIRECT INVESTMENTS IN THE ECONOMY OF UKRAINE IN 2020 (OPERATIONS, $ MILLION)
The volume of construction work performed in Ukraine in January-March 2021 decreased by 12.8% compared to the same period in 2020.
According to the State Statistics Service, in January-March, the volume of construction work performed amounted to UAH 26.3 billion.
In March 2021 the seasonally adjusted index of construction products amounted to 99.7% compared to the previous month, the one adjusted for the effect of calendar days compared to March 2020 was 90.4%.
The service reported that in March 2021 from March 2020, an increase in the volume of construction work was observed in the segment of residential construction – by 8.6%, engineering structures – by 9.7%. At the same time, in non-residential construction, the decline in the volume of construction work amounted to 4.2%.
The share of new construction in the total volume of completed construction work amounted to 44.5%, repairs – 27.9%, reconstruction and technical re-equipment – 27.6%.
An increase in the volume of construction work in January-March 2021 compared to January-March 2020 was recorded in Khmelnytsky (by 40.8%), Rivne (by 29.2%), Ternopil (by 9.2%) and Kharkiv (by 4.7%) regions.
In other regions, there was a decrease in construction volumes. The most significant drop was shown by Chernivtsi (by 59.4%) and Vinnytsia (by 56%) regions.
The statistics are given without taking into account the temporarily occupied Crimea and the temporarily occupied territories in Donetsk and Luhansk regions.
As reported, the volume of construction work performed in Ukraine in 2020 increased by 4% compared to 2019.
