Business news from Ukraine

Business news from Ukraine

THE NEW YEAR’S «CITY OF FAIRY TALES» WILL OPEN NEAR KYIV

On December, 18 and 19 Ancient Kyiv in the Principality of Kyivan Rus («Kyivan Rus Park») invites you to the opening of the New Year’s «Winter Fairy Tale» program for children.
On the eve of St. Nicholas Day, the inhabitants of the Principality invite you to meet this kind and beloved by all Saint. The guests will be awaited by the show-program with the participation of the horse-trick theatre and costumed characters, horse riding, medieval amusements, hot drinks and dishes from fire, festive photo zones, master-classes, the fair of New Year’s souvenirs, flash mobs, games and drawing of gifts.
Visiting Ancient Kyiv takes place in compliance with the requirements of the quarantine regime.
Ancient Kyiv opens at 10:00. The program starts at 13:30.
The ticket price: a full adult ticket – 250.00 UAH, for pensioners and students – 150.00 UAH; for schoolchildren – 100.00 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in the vill. Kopachiv, Obukhiv district, Kyiv region. Route taxis leave from Kyiv from the «Vydybitchi» metro station.
Detailed information on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for the adult ticket (at full price) 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».

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 16/12/21

National bank of Ukraine’s official rates as of 16/12/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF DECEMBER 16

Official rates of banking metals from national bank as of December 16

One troy ounce=31.10 grams

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VOLUME OF MORTGAGE LENDING IN UKRAINE UP BY 2.5 TIMES IN JAN-OCT

In January-October 2021, Ukrainian banks issued 8,700 mortgage loans in the amount of UAH 7 billion, which is twice as high as the figure over ten months of 2020 in the number of such loans and 2.5 times more in the volume, the National Bank of Ukraine (NBU) said on Wednesday following a monthly survey of banks. According to it, lending in October decreased by 4.7% over the month in terms of the volume of mortgage loans (UAH 774 million) and increased by 2% in terms of the number – to 963 agreements.
The press service noted that the mortgage lending market remains concentrated: the five most active banks have concluded 90% of new deals.
Loans for the purchase of housing in the secondary real estate market are still overtaking the primary market: in October, their share exceeded 90% of all mortgage loans issued, both in terms of the number of contracts and in terms of the money volume, the press release says.
According to the survey, the average amount of a mortgage loan in October was lower than in September – UAH 803,900 versus UAH 858,100.
According to the NBU, in October the average effective rate of a mortgage loan in the secondary market decreased by 0.4 percentage points, to 13.5%, and in the primary market – by 2 percentage points, to 14.9%.

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ITALY BANS ENTRY TO UKRAINIAN CITIZENS

Since December 16, Italy has banned optional trips to its territory for Ukrainian citizens in connection with coronavirus (COVID-19) infection pandemic, including for tourism purposes, the Ministry of Foreign Affairs of Ukraine (MFA) said.
“According to the updated rules for crossing the border with the Italian Republic, in connection with the COVID-19 pandemic, Ukraine has been included in the list of countries in list E from December 16, 2021, which provides for a ban on optional travel of Ukrainian citizens, including for tourism purposes,” the Ministry of Foreign Affairs of Ukraine said on website: tripadvisor.mfa.gov.ua.
An exception is made by citizens of Ukraine, holders of a residence permit in Italy, or those citizens who enter Italy for confirmed reasons of work, study, medical treatment or absolute necessity. In some cases, according to the decision of the Italian competent authorities and if there are well-reasoned reasons, the entry into the country of persons who have confirmed and stable personal relations with Italian citizens may be allowed.
Upon entry, citizens of Ukraine from these categories must complete the Passenger Locator Form, an on-line sanitary control form, available at https://app.euplf.eu/ before arrival; present a certificate (certificate) of a negative result of molecular testing (made no more than 72 hours before arrival) or express testing for COVID-19 (made no more than 24 hours before arrival); activate health surveillance procedures in medical institutions in accordance with the territory of residence and go through ten days of self-isolation, at the end of which, retesting to confirm a negative result (molecular or rapid test).

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UKRAINE RANKS 21-ST IN TERMS OF INVESTMENT POTENTIAL OF ENERGY TRANSITION IN DEVELOPING COUNTRIES

With a cumulative rating of 1.74 out of 5, Ukraine ranks 21st in the ranking of the investment potential of developing countries in terms of energy transition, and 48th globally. This is stated in the tenth Climatescope report, which is carried out annually by the analytical center of the Bloomberg agency – BloombergNEF – and covers 136 countries of the world (107 developing and 29 developed).
Analysts note the country’s progress in fulfilling the First Nationally Determined Contribution to the Paris Agreement, according to which Ukraine pledged to reduce greenhouse gas emissions to 60% of the 1990 levels by 2030, but did so much earlier. So, in 2019, according to the draft Ukraine’s Greenhouse Gas Inventory for 1990-2019, carbone dioxide emissions amounted to 332 million tonnes – 37.6% of the 1990 level.
It is also indicated that Ukraine, according to the updated Nationally Determined Contribution, pledged to reduce emissions by 65% by 2030 and increase the share of renewable energy sources (RES) in electromix to 25% by 2035.
The report notes that Ukraine has met the previous target of increasing the share of renewables to 11% by 2020, in particular thanks to financial incentives and benefits from the government.
The analysts also mention “green” auctions, which are expected in 2022-2025.
At the same time, the issue for refusing fossil fuels refers to Ukraine’s promise to abandon coal energy by 2035, which was given by representatives of the Ukrainian delegation at the COP26 climate summit in Glasgow. At the same time, in a comment to the Green Deal portal, Deputy Prime Minister of Ukraine Olha Stefanishyna said that the Cabinet of Ministers did not approve official documents in order to abandon coal generation by 2035, and the Ministry of Energy will have to adjust this date.
Analyzing the transport sector of Ukraine, the experts draw attention to the goal of the National Transport Strategy to achieve a 75% share of electric transport in domestic transport by 2030, a bill regulating the operation of only electric buses on the routes after 2030, as well as a bill that prohibits the import of gasoline and diesel cars to Ukraine from 2030.
Despite the absence of grants or loans for the purchase of electric vehicles, Ukraine intends, with the support of the EBRD, to introduce interest-free loans for these purposes, BloombergNEF says. At the same time, it is noted that in Ukraine since 2016 the import duty on electric vehicles has not been levied and the VAT exemption has been extended until 2022.
The weakest dynamics of development is observed in the housing and utilities services sector. The analysts emphasize that Ukraine is highly dependent on gas for heating buildings, while energy efficiency standards are at the minimum level. At the same time, the “warm loans” program is mentioned.

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