Interpipe, a Ukrainian industrial company, in January-June of this year increased payment of taxes and fees to the budgets of all levels and extra-budgetary funds by 10.4% compared to the same period last year, to UAH 1.49 billion, the company’s Facebook page says.
At the same time, it is specified that the favorable situation on the external markets of pipe and railroad products allowed the enterprises of Interpipe to increase production volumes. The demand on the Ukrainian market continues to stagnate.
“Moreover, the main risk in the second half of the year is the uncontrolled export of scrap metal. Already in the summer the company is experiencing a serious shortage of raw materials, which may lead to a decline in production and, accordingly, a decrease in tax payments,” the press release said.
As reported, Interpipe in the first quarter of 2021 increased payment of taxes and fees by 4% compared to the fourth quarter of last year, to UAH 590 million.
In 2020, the company paid UAH 2.54 billion in taxes and fees, reducing payments by 22% due to a drop in demand because of the coronavirus. At the same time, in the first quarter of 2020, the company increased payment of taxes and fees by 3% compared to the same period in 2019, to UAH 803 million. In the first half of 2020, Interpipe reduced payment of taxes and fees by 10%, to UAH 1.35 billion due to the coronavirus pandemic and a decrease in demand for products. For the nine months of 2020, the company paid almost UAH 2 billion in taxes and fees.
In 2019, Interpipe increased tax payment by 50% compared to 2018, to UAH 3.25 billion.
The National Bank of Ukraine (NBU) has revised its 2021 inflation forecast from 8% (in its April forecast) to 9.6%, and expects that inflation will return to 5% in H2 2022.
“With global prices surging and demand recovering further, the NBU has revised its 2021 inflation forecast from 8% to 9.6%. After peaking in the fall of this year, inflation will begin to slow as the new harvest arrives and global energy prices adjust… inflation in H2 2022 will decline to its 5% target and remain there going forward,” the NBU said on its website on Thursday.
Inflation will soon rise to slightly above 10%, but it will weaken at the end of 2021 and return to its 5% ± 1 pp target range in H2 2022.
The rise in inflationary pressure, including its fundamental component, is also driven by the dynamic recovery of the economy, as evidenced by monthly and other high-frequency indicators. By tightening its monetary policy, in particular through raising its key policy rate and rolling back its emergency monetary measures, the NBU will also keep inflation expectations under control and gradually reduce underlying inflationary pressures.
National bank of Ukraine’s official rates as of 22/07/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of July 22
One troy ounce=31.10 grams
STRUCTURE OF EXPORT OF SERVICES IN JAN-MARCH 2021 (GRAPHICALLY)
Representative offices of international companies in Ukraine are gradually returning employees to their offices in accordance with the global policy of parent companies, Managing Director of Colliers International (Ukraine) Oleksandr Nosachenko told Interfax-Ukraine.
“Despite COVID-19, companies are not going to give up office work. In more mature markets, companies are gradually returning employees to rented premises, given the pace of vaccination,” Nosachenko said.
According to him, such international companies as Google, Apple, Amazon and Facebook are examples, which note the need for a physical presence in offices for effective teamwork, especially in the development of new projects. Ukrainian representative offices of international companies are also gradually returning employees to their offices.
In general, the office real estate market in Kyiv has become more active. According to Colliers International (Ukraine), the gross take-up of office space in the first half of 2021 amounted to about 60,000 square meters, which is 66% higher than in the first half of 2020 (some 40,000 square meters).
According to Nosachenko, the most active in terms of renting office space were companies from the IT sector, which share in the demand structure is 64% (about 40,000 square meters). FMCG (Fast Moving Consumer Goods) companies occupied about 10% (about 5,000 square meters) in the total demand structure.
During the first half of 2021, five business centers with a total area of more than 71,000 square meters were put into operation. The long-term construction at the metro station Lukianivska –LUWR business center (gross leasable area of 27,000 square meters), a business center at the metro station Taras Shevchenko (gross leasable area of 21,200 square meters), two business centers on Zoolohichna Street (gross leasable areas of 11,820 square meters; 6,000 square meters) and a business center as part of the River Mall – River Mall business center (gross leasable area of 5,000 square meters).
Thus, at the end of the first half of 2021, the cumulative supply of professional office space in Kyiv reached more than 2.218 million square meters.
“The total area of commissioned facilities is about 34.8% of the total volume of premises announced by developers for 2021,” Nosachenko said.
At the same time, during the first half of 2021, due to increased demand, there is a decrease in the average vacancy rate in business centers of A and B classes to 11.1% (at the end of 2020 it was 11.5%).
The vacancy rate in A class business centers decreased from 10.8% at the beginning of the year to 10.6%. The vacancy rate in B class buildings decreased from 11.6% to 11.3%, respectively.
Analysts from Colliers International (Ukraine) note a moderate increase in rental rates for office premises following the first half of 2021.
The prime headline rent remains at $26 per a square meter per month, as in 2020. In the first half of 2021, in the A class buildings, there was an increase in the lower limit indicator: from $18 per a square meter per month to $19 per a square meter per month. The range of rental rates in the B class buildings has changed from $11-19 per a square meter per month in 2020 to $12-20 per a square meter per month in the first half of 2021.
According to developers, in the second half of 2021, eight business centers are planned for commissioning, with a total area of about 130,000 square meters. Among them, the only one is class A – Magnett business center (the first stage of gross leasable area is 44,000 square meters).
Colliers International is a leading diversified professional services provider in commercial real estate. The company’s offices are represented in 67 countries of the world.
EMPLOYEES, INTERNATIONAL COMPANIES, RENTED PREMISES, RETURNING
