Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 05/08/21

National bank of Ukraine’s official rates as of 05/08/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 05

Official rates of banking metals from national bank as of August 05

One troy ounce=31.10 grams

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UKRAINE’S INTL RESERVES REACH $28.95 BLN

Ukraine’s international reserves as of 1 August 2021 stood at an equivalent of $28.951 billion, which is 2.1% more than as of early July 2021 ($27.358 billion), according to data from the National Bank of Ukraine (NBU) published on Thursday.
“As of 1 August 2021, Ukraine’’s international reserves stood at an equivalent of $28,951.1 million, according to preliminary data. In July, international reserves increased by 2.1%, primarily due to the government’s placement of eurobonds and purchases by the National Bank of Ukraine (NBU) of foreign currency on the interbank FX market,” the NBU said.
The central bank said that international reserves in July were affected by the following factors: first, transactions related to public debt management. The government spent $416.9 million (in the equivalent) on servicing and repayment of public debt denominated in foreign currency, including $368.9 million in repayments on domestic government debt securities, while the rest of the funds went to meet the government’s other FX commitments.
FX inflows to the government amounted to $665.8 million (in the equivalent), of which $525.8 million (in the equivalent) came from a placement of eurobonds, and $140 million (in the equivalent) from domestic government debt securities.
Second, the NBU’s transactions in the FX interbank market also affected international reserves in July. During the first weeks of July, the interbank FX market was mostly balanced. On some days, however, mainly in the second half of the month, market supply exceeded demand, in part due to a pick-up in FX sales by a number of private and state-owned companies. This enabled the NBU to add $188 million to international reserves.
Third, the revaluation of financial instruments (due to changes in their market value and exchange rate fluctuations) affected international reserves. Last month, the value of these instruments increased by $156.5 million (in the equivalent).
International reserves now cover 4.1 months of future imports, sufficient for Ukraine to meet its commitments, and for the government and the NBU to make their current transactions.
In addition, the NBU said that Ukraine’s net international reserves (NIR) in June increased by $551 million, or 3.1%, to $18.528 billion.

FORMER PRIME MINISTER OF UKRAINE DIED

Former Prime Minister of Ukraine Yevhen Marchuk died on Thursday morning, his wife Larysa Ivshyna said.
“Black day […] Yevhen Marchuk died […]. Heart stopped,” she said on her Facebook page.
Marchuk was 80 years old.
He was first acting head of the State Security Service of Ukraine (SBU) from November 1991 to July 1994. Marchuk headed the Ukrainian government from March 1995 to May 1996, and from June 2003 to September 2004 he was the Minister of Defense.
He also had the rank of General of the Army of Ukraine.
Marchuk represented Ukraine in the Trilateral Contact Group (TCG) from November 2018 to May 2019.

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INTERNATIONAL EUROPEAN UNIVERSITY INTEGRATED VIRTUAL REALITY INTO THE DEVELOPMENT OF THE EDUCATIONAL PROCESS

International European University presented a VR room

Virtual reality starts evolving in education while an increasing number of universities is adopting this technology.

The analysis of global experience indicates the efficiency and potential of sensor nets and advanced technologies. International European University is always in tune with the times and improves its educational programs, helping students learn chosen disciplines using cutting-edge technological solutions.

Therefore, the university has introduced the VR room allowing students to explore places of destination worldwide without leaving a classroom. The multi-award-winning program platform encourages faster learning and teaching of medical sciences and anatomy on desktop, mobile and virtual devices.

Virtual reality technologies enhance the efficiency of study, making classes more exciting, which results in better educational motivation and students’ activity.

According to Nataliia Litvinova, Director of European Medical School, the implementation of different VR-based educational programs sparks greater interest of students in this form of classes and increases their enthusiasm while preparing for each class, learning theoretical materials that will be elaborated in the virtual environment.   

“It is the best model among the existing ones. This VR headset is equipped with a manipulator that enables working without a computer, as it has its own device inside. Actually, this headset is used for games, fitness and other activities, but we apply it in education. Each license allows holding classes in a group consisting of 10 and more people, as well as conducting questioning, excluding a possibility to peep a correct answer and manipulate. Due to another license, we will be able to train 200 students at the same time and learn anatomy using any device. I’m so glad that in autumn, during license update, we could see the process on computer tomography, X-ray, ultrasound investigation. We can use it in clinical subjects and show students certain organs in virtual reality,” Nataliia Litvinova says.

Besides, educational programs based on virtual reality technologies are multi-purpose (similar programs for different subject areas require almost the same firmware kit) and easily integrated into the conventional teaching process. They allow replacing real objects with their simulating models and interactive simulators so that students can model different situations and find the best possible solutions.

To sum up, we can state that virtual reality is a perfect learning environment. Perception of a virtual model with high authenticity allows training future professionals in different specialties in a high-quality and quick manner. VR-based education allows teachers to give lectures, seminars and training sessions visually, show all aspects of real items or processes to students, which produces a great effect, improves the quality and speed of educational processes, as well as reduces their cost. Virtual reality technologies allow us to comprehensively use the fact that people obtain 80% of information from the world around by vision. Meanwhile, people remember 20% of what they see, 40% of what they see and hear, and 70% of what they see, hear and make. Thus, students are totally immersed into the educational process, receiving better motivation and succeeding in their study.

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ROYAL BRITISH NAVY TO TRANSFER TWO VESSELS TO UKRAINE

Two Sandown-class mine countermeasures vessels Ramsey and Blyth, belonging to the Royal Navy of Great Britain, have officially completed their service in the British Navy and will soon be transferred to Ukraine, the Royal British Navy press service said on Wednesday.
“Both Sandown-class mine countermeasures vessels have served extensively during careers spanning 21 years and 175,000 miles for Ramsey, 185,000 miles over 20 years for Blyth, supporting operations in the Middle East, around the UK or on NATO duties in northern European and Mediterranean water,” the Royal British Navy said.
It notes that the vessels are being replaced by expanding Project Wilton drive to introduce autonomous or uncrewed boats and systems. Into minehunting.
“Blyth and Ramsey will enjoy a fresh lease of life in the Black Sea. Once further work is completed on the two vessels, they will be transferred to the Ukrainian Navy,” the British Navy said.

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