Business news from Ukraine

Business news from Ukraine

IN JAN-MAY UKRAINIAN AUTOMAKERS PRODUCED 3,795 VEHICLES, WHICH IS 2.5 TIMES MORE THAN IN THE SAME PERIOD IN 2020

In January-May of this year, according to preliminary data, Ukrainian automakers produced 3,795 vehicles, which is 2.5 times more than in the same period in 2020, according to the website of the Ukrautoprom association. As reported, in January-April 2021, vehicle production exceeded the same period last year by 96%.
According to the association’s data, such an increase in the production of motor vehicles was ensured by a 2.7-fold increase in the production of passenger cars, to 3,538 cars.
Meanwhile, as reported, such an increase was due to the resumption of production of cars at the Zaporizhia Automobile Plant (in September 2020), while in January-May last year, statistics on these cars were related only to the Eurocar plant.
At the same time, the production of commercial vehicles decreased 37%, to 15 vehicles (excluding AvtoKrAZ, which does not provide statistics), but the production of buses grew by 20%, to 242 buses.
The association said that in May this year, the production of vehicles grew by almost eight times compared to May last year, and by 4% from April this year, up to 1,004 vehicles.
Some 944 cars were produced in May versus 87 cars a year earlier, and in comparison with April 2021 they were manufactured 4% more.
Bus production ended the month with 53 units, which is almost twice as much as last year, but 5% less than in April this year.
Seven commercial vehicles were produced versus 10 in May 2020 and two in April 2021.

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UKRAINIAN HEALTH MINISTRY PROPOSES TO RELAX QUARANTINE FOR SUMMER

The Ministry of Health of Ukraine will propose to the Cabinet of Ministers to extend the quarantine for the summer period while maintaining the main quarantine restrictions, said Health Minister Viktor Liashko during a government meeting on Wednesday.
“We will invite the government to consider extending the quarantine restrictions for the summer period. We must leave the main restrictions, in particular, the mandatory wearing of masks in public places, transport, as well as keeping a distance. If the situation worsens, we will promptly respond and introduce ‘yellow,’ ‘orange’ or ‘red’ epidemiological level,” he said.
Liashko added that the Ministry of Health had already developed proposals for a model of stay and activity in a “green” level of epidemic danger, which will provide more opportunities for recreation in the summer, business and travel.
“In particular, we plan to abolish the requirements for the occupancy of the halls, allow the full functioning of gyms and simplify the process of passing the borders for returning from vacations,” the minister said.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 09/06/21

National bank of Ukraine’s official rates as of 09/06/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JUNE 9

Official rates of banking metals from national bank as of June 9

One troy ounce=31.10 grams

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MINISTRY OF CULTURE AND INFORMATION POLICY OF UKRAINE PRESENTS NEW VISUAL BRAND

The Ministry of Culture and Information Policy of Ukraine (MCIP) presented a new visual brand of the department.
“The rebranding aims to show the ministry as a modern state institution that meets today’s challenges. The new brand style represents the current Ukrainian culture – attractive and understandable for modern Ukrainians,” the ministry’s press service said.
It is noted that the new logo of the Ministry of Culture is “light and graceful”, the sketches of the letters in the logo have careful references to ancient Russian calligraphy, such as “The Tale of Igor’s Campaign” and the manuscripts of Kyivan Rus.
“The abbreviation MCIP is sewn into the new logo, the thin outline and rounding are subconsciously read as soft and friendly elements that create dynamics like a reflection of a new round of history and culture. The intersection of letters in the abbreviation reminds of the interdisciplinarity of the areas of MCIp’s work. The logo can be used as a full-color sign, combining two colors, and as a monochrome sign, which provides for the use of only black or white,” the message says.
The logo is based on two colors: yellow and red, which are supposed to be used only on a contrasting background.
It is noted that minimalism is taken as the basis for the new corporate identity of the ministry.
“When developing the new identity, the main attention was paid to such strategic directions as: culture, creative economy, information policy, tourism, as well as major restoration,” the ministry said.
The ministry’s new identity was reportedly developed by Green Penguin creative agency with the support of USAID Transformation Communications Activity.

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ACTUAL PRICE OF CRUDE OIL IN UKRAINE 5% UP IN MAY

The actual price of crude oil and condensate used in determining the payment for subsoil use in May 2021 amounted to UAH 13,257 per tonne, which is 5.2% more than in April 2021 (UAH 12,605 per tonne).
The relevant data was posted on the website of the Ministry for Development of Economy of Ukraine.
As reported, in January 2020, the actual selling price of oil and gas condensate amounted to UAH 11,114 per tonne, in February – UAH 9,648, in March – UAH 5,913, in April – UAH 3,960, in May – UAH 6,199, in June – UAH 8,115, in July – UAH 8,847, in August – UAH 8,887, in September – UAH 8,467, in October – UAH 8,447, in November – UAH 9,034, in December – UAH 10,127 per tonne.
In January 2021 the selling price was UAH 11,114 per tonne, in February 2021 it was 12,302 per tonne, in March it was UAH 12,832 per tonne, and in April it was UAH 12,605 per tonne.

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