Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 24/06/21

National bank of Ukraine’s official rates as of 24/06/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JUNE 24

Official rates of banking metals from national bank as of June 24

One troy ounce=31.10 grams

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STRUCTURE OF EXPORT OF SERVICES IN JAN-MARCH 2021 (GRAPHICALLY)

STRUCTURE OF EXPORT OF SERVICES in Jan-March 2021 (GRAPHICALLY)

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INDUSTRIAL PRODUCTION IN UKRAINE 2.1% UP IN MARCH 2021

Industrial production in Ukraine in March 2021 increased by 2.1% compared to March 2020, which was the first month of the introduction of quarantine due to COVID-19, and the growth adjusted for the effect of calendar days was 2.4%, the State Statistics Service has said.
The department indicated that the growth of industrial production in March 2021 amounted to 10.9% against the previous month, and on a seasonally adjusted basis – 1.8%.
In the supply of electricity, gas, steam and conditioned air in March 2021 from March 2020, an increase was 7.3%, in processing industry – 2.5%, while the reduction in production in extracting industry was 1.5%.
The State Statistics Service clarified that in the first quarter of 2021 in relation to the same period a year earlier, industrial production in Ukraine decreased by 2%, in particular in mining industry – by 2.8%, processing – by 3.3%, although the supply of electricity, gas and steam gains 4.1% due to substantially colder weather.
As reported, industrial production in Ukraine in 2020 fell by 5.2% after falling by 0.5% a year earlier. At the same time, in December last year, for the first time since May 2019, its growth was recorded compared to the same period last year – by 4.8%.

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SYSTEMIC CONFLICT BETWEEN THE STATE AND LOCAL GOVERNMENTS TAKES PLACE IN UKRAINE – EXPERT

Decentralization in Ukraine is far from completion, considers the local government expert, director of the Practical Policy Program of the Institute of Political Education, Alexander Solontay.

“Today we are far from having a decentralized country, we have done only the first basic steps, but we are moving towards this”, – Solontay claimed in comments on features and problems of the decentralization process in Ukraine
on the Youtube channel “Club of Experts“.

In the expert’s opinion, now has arisen a situation in which the implemented reforms had led to greater autonomy of urban and rural communities. At the national level, however, politicians are chosen by a paternalistic population. These policies support communities’ autonomy on the one hand and, on the other, want the Centre to continue to provide guidance locally.

“From above, the mechanisms for interaction with autonomous communities have not yet been worked out. The politicians act in the old way – to pass laws, to direct an order, to allocate funds, and so on. It’s vertical management. How to manage in a new system, where the bottom is independent and the top has limited possibilities, authorities have not yet learned», – says the expert.

Solontay noted that in our environment, where the shadow economy and corruption have not been overcome, the law enforcement agencies are under-reformed and the local power is increasingly independent, a systemic crisis has arisen in interaction of Center and regions.

«Whatever situation would appear in the country, we are always condemned to conflict between authorities and local self-government», – the expert summarized.

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UKRAINE MAY TIGHTEN CONTROL OVER VISITORS FROM UK, INDIA, RUSSIA, PORTUGAL TO PREVENT DELTA STRAIN SPREAD

The government is exploring the possibility of strengthening control over visitors from the UK, India, Russia and Portugal to prevent the circulation of the “Delta” (Indian) strain of coronavirus (COVID-19), Health Minister Viktor Liashko said.
“At the Cabinet of Ministers we considered the possibility of strengthening control over people who come from four countries, Great Britain, India, Russia and Portugal, where the greatest circulation of the so-called Delta virus,” he said at a press conference in Kyiv on Wednesday.
As noted by Liashko, the peculiarity of the Delta strain is that it is transmitted faster and leads to hospitalization faster.
“This leads to the fact that hospitals fill up rather quickly, in particular, we see this in Russia,” he said.

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