Business news from Ukraine

Business news from Ukraine

UKRAINE TO PROVIDE HUMANITARIAN AID TO INDIA

President of Ukraine Volodymyr Zelensky intends to support the provision of humanitarian aid to India due to the difficult epidemic situation in this country in connection with the spread of COVID-19, the website of the head of the Ukrainian state reported on Friday.
“I know that the government is considering the possibility of providing humanitarian aid to India. I confirm that I will sign a corresponding decree in the near future, and we will do everything to really help the people of India. I think that in the coming days, India will definitely receive humanitarian aid from Ukraine,” Zelensky said during a meeting with Cyrus Poonawalla, founder and owner of the Serum Institute of India.

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UKRAINE REDUCES ELECTRICITY EXPORTS BY 61.5%

Ukraine in January-April 2021 reduced electricity exports by 61.5% (by 1.506 billion kWh) compared to the same period in 2020, to 942.5 million kWh, according to the data of Ukrenergo.
According to the calculations of Interfax-Ukraine, in particular, supplies from the Burshtyn TPP energy island in the direction of Hungary, Slovakia and Romania fell by 44.5% (by 1.093 billion kWh), to 679 million kWh.
Electricity supplies to Poland decreased by 56.5% (by 304 million kWh) compared to the same period in 2020, to 242.7 million kWh.
Export of electricity to Moldova decreased by 83.9% (by 109.4 million kWh), to 20.9 million kWh.
Deliveries to Belarus and the Russian Federation in January-April 2021 and 2020 were not carried out.
In April 2021, Ukrainian electricity exports amounted to 379.9 million kWh, which is 1.6 times more than in April 2020 (237.9 million kWh).
In addition, Ukraine in January-April 2021 reduced electricity imports by 44.5% (by 757.7 million kWh) compared to the same period in 2020, to 946.9 million kWh. Belarus supplied 511.6 million kWh, Slovakia some 238.6 million kWh, Russia some 101 million kWh, Hungary some 61.1 million kWh, Romania some 34.5 million kWh.

UKRAINE IN COURSE OF SPRING SOWING CAMPAIGN SOWS SPRING CROPS ON 58% OF AREAS

Ukraine as of May 7, had sown 4.37 million hectares with spring grain and leguminous crops, or about 58% of the area planned for spring sowing, of which 1.45 million hectares were sown over the past week, the Economy Ministry said on Friday.
According to its data, as of the indicated date, some 2.4 million hectares were sown with corn (46% of the forecast), barley were sown on 1.3 million hectares (95%), peas some 226,400 hectares (96%), oats some 185,400 hectares (96%), wheat some 172,200 hectares (98%).
In addition, 3.2 million hectares were sown with sunflower (50% of the forecast), sugar beet on 223,000 hectares (98%), soybeans on 254,800 hectares (18%), buckwheat on 19,000 hectares (24%).
According to the Economy Ministry, agricultural producers in 14 regions have completely finished sowing early spring grains and leguminous.

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UKRAINE’S INTERNATIONAL RESERVES INCREASE TO $28 BILLION

Ukraine’s international reserves increased by early May 2021, according to preliminary data, to $28 billion (equivalent), which is 3.6% more than in early April 2021 ($27.035 billion), the National Bank of Ukraine (NBU) has said on Friday.
“As of May 1, 2021, Ukraine’s international reserves, according to preliminary data, amounted to $28 billion (equivalent). In April, they increased by 3.6%, taking into account foreign exchange receipts in favor of the government and the revaluation of financial instruments,” the NBU said.

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THE VICTORY DAY WILL BE CELEBRATED NEAR KYIV IN A LARGE SCALE

On May, 8-10 in the «Kyivan Rus Park» the celebration of the Victory Day will take place. In program: theatrical stagings on a historical theme, horse-trick performances, demonstrative master-classes on medieval weapon using, the horseback archery tournament, the acquaintance with horses of rare historical breeds and medieval amusements.

Ancient Kyiv opens at 10:00, the beginning of the program at 13:30.
 The program may change.
The visit of Ancient Kyiv is subject to the quarantine regime requirements.
Ancient Kyiv is in a 45-minutes’ drive from modern Kyiv – in the Kyiv region, Obukhiv district, vill. Kopachiv.
You can get by your own car or by public transport. The schedule of route taxis check on the «Obukhivtrans» website or on the «Kyivan Rus Park» website in the «Contacts» section.
The cost of entrance tickets:
• A full adult ticket – 230 Uah.,
• for pensioners and students – 150 Uah.,
• for schoolchildren – 80 Uah.,
• for preschool children – for free.
Detailed information on the website: parkkyivrus.com

The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket 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».

UKRAINE’S INFLATION SLOWS TO 0.7% IN APRIL

Consumer prices in Ukraine at the end of April 2021 year-over-year slowed down from 8.5% to 8.4% at the end of March.
The State Statistics Service said on Friday, that inflation fell to 0.7% in April from 1.7% in March, 1% in February and 1.3% in January.
In addition, the State Statistics Service in April 2021 recorded core inflation at 0.7%, which is also lower than the previous month (1.6%).
In general, for the first four months of 2021, inflation in Ukraine amounted to 4.8%, core inflation to 3.1%.
In the consumer market in April, prices for food and non-alcoholic beverages increased by 1.2%. Sunflower oil rose in price most of all (by 10%). Prices for sugar, processed grain products, rice, bread, meat and meat products, pasta rose by 5.0% to 1.0%. At the same time, vegetables, fruits, eggs and milk fell in price by 1.3% to 0.5%.
Prices for alcoholic beverages and tobacco products increased by 0.9%, was mainly due to a 1.5% rise in prices for tobacco products.
The rise in prices (tariffs) for housing, water, electricity, gas and other fuels by 0.4% was mainly due to a 2.3% rise in prices for natural gas.
Transport prices increased by 0.6%, primarily due to the rise in the cost of travel in railway and road passenger transport by 2.6% and 1.4%, respectively, and fuel and oils by 0.8%.
The Ukrainian government expects inflation of 7.3% in 2021, the National Bank of Ukraine (NBU) some 8%. According to the NBU, the peak of the inflationary surge at about 9.6% will occur in the third quarter of 2021, and in autumn inflation will start to decline. Inflation will return to the target range of 5% ± 1 percentage points (p.p.) in the first half of 2022, where it will remain in the future, the National Bank said.