Business news from Ukraine

Business news from Ukraine

STATE-RUN UKREXIMBANK AND UKRAVTODOR SIGN AGREEMENT ON FIRST TRANCHE OF UAH 5.782 BLN FOR UPDATING ROADS

JSC Ukreximbank and the State Agency of Automobile Roads of Ukraine (Ukravtodor) with the participation of President of Ukraine Volodymyr Zelensky have signed an agreement to provide the first tranche for updating roads in Ukraine in the amount of UAH 5.782 billion from the amount of financing, which will total UAH 19.3 billion.
“Despite the quarantine measures in our country, the most important thing is that the state works and, together with the banking sector and construction companies, builds kilometers of roads and “sews” our country! As I said, roads, bridges are a priority,” Zelensky said after the signing of the agreement.
He emphasized that the Big Construction program is the image of Ukraine as a country with modern and high-quality roads on which you can travel. The president also noted that the program will contribute to the creation of new jobs.
The president’s press service notes that the attraction of funds from Ukreximbank under state guarantees by Ukravtodor became possible due to the adoption of laws on amendments to the budget that Zelensky signed on February 4, 2020, and thanks to the decision of the National Bank to lower the refinancing rate. The loan interest rate will be 10.5% per annum.
“We, as a state bank, support the Big Construction project. With the signing of the agreement, Ukravtodor will receive the first tranche in the amount of UAH 5.782 billion at a rate of 10.5% per annum, which is 2% lower than the Cabinet of Ministers foresaw,” chairman of the board of Ukreximbank Yevhen Metsger said.
He said that Ukreximbank is ready to become a financial partner of the Big Construction project and lend its shoulder to all companies, in particular contractors, that will be involved in the construction of the facilities under this program.

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HEALTH MINISTER OF UKRAINE: FOOD MARKETS OPENING IMPORTANT FOR ECONOMY, OTHER BUSINESSES TO OPEN AFTER MAY 11

The opening of food markets is important for the economy, while the rest of businesses are planned to open after May 11, Health Minister of Ukraine Maksym Stepanov told a press briefing on Thursday.
“The opening of food markets is a very important step. The markets, which sell around 70% of agricultural products, are very important for the economy and prices for these products. We have found a way to open them and to avoid the spread of the coronavirus disease. As to the rest of businesses, we are planning to open them after May 11,” he said.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 30/04/20

National bank of Ukraine’s official rates as of 30/04/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF APRIL 30

Official rates of banking metals from national bank as of April 30

One troy ounce=31.10 grams

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UKRAINIAN STATE FOREST AGENCY LAUNCHES PILOT INTERACTIVE MAP WITH WOOD PROCESSING FACILITIES

The State Forest Resources Agency of Ukraine has launched a new pilot project – an interactive map with wood processing facilities, Head of the agency Andriy Zablotsky has said.
“We want to inform our citizens as much as possible about the legal places for processing wood, as well as identify sawmills that work illegally or use illegally logged wood,” he wrote on his Facebook page on Wednesday.
The head of the State Forest Resources Agency said that the facility were put on the public map according to their geographical coordinate system, information from the electronic wood accounting system and the data provided by Zakarpattia, Sumy, Poltava, Kharkiv, Kirovohrad, Donetsk and Zhytomyr regional administrations.
“The project is a pilot one. Work is underway to fill the geoportal with information. Soon, a feedback form will be created through which users can provide clarification, information about unapplied objects or other informative materials related to wood processing,” Zablotsky said.
In addition, the State Forest Resources Agency is implementing a project named “Forest in a Smartphone”, which allows studying with the general list of logging tickets or checking the legality of logging on the agency’s website on an online map using a computer or a smartphone.
The website also has a service for checking the legality and origin of wood, auction and tender portals. There is an option to check the selling prices for wood, an electronic list of certificates of origin for timber and lumber. In addition, on the website of the State Forest Resources Agency one can follow the monitoring of domestic consumption of wood.
According to Zablotsky, the State Forest Agency Resources plans to transfer the majority of registers and services to a smartphone.

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UKRAINE’S AIRPORTS REDUCE PASSENGER TRAFFIC BY 9%, AIRLINES BY 17%

Ukrainian airports in January-March 2020, according to recent data, served 4.025 million passengers, which is 8.9% less than in the same period in 2019.
According to the website of the State Aviation Administration of Ukraine, in international traffic, the passenger flow of Ukrainian airports decreased in the indicated period by 7.4%, to 3.631 million people.
According to the service, in January-March 2020 Ukrainian airlines served almost 1.954 million people, which is 17.3% less than the figure for the same period of 2019. Of these, 1.757 million people were transported in international traffic (a decrease of 17.1% compared to January-March 2019).
At the same time, for the three months of 2020 Ukrainian airlines operated 16,900 commercial flights (a decrease of 16.3%), including 14,200 international flights (a decrease of 14.5%).
As reported, in 2019 Ukrainian airports served 24.337 million passengers, which is 18.5% more than in 2018.