Business news from Ukraine

Business news from Ukraine

YIELD OF NEW HARVESTED WHEAT IN UKRAINE – 42.8 CENTNERS/HA

Ukrainian farmers since the beginning of the harvesting campaign as of July 23 had harvested 14.1 million tonnes (8.6 million tonnes more per week from July 19 to July 23) of grain and leguminous crops from an area of 3.4 million hectares (22% from the forecast).
According to the information and analytical portal of the agro-industrial complex of Ukraine, in the context of crops, the following were threshed: winter barley – 5 million tonnes from an area of 1.9 million hectares (48% of the total area under this crop), winter wheat – 8.86 million tonnes from 2.68 million hectares (30%), peas – 240,000 tonnes from 110,000 hectares (47%).
According to the portal, the yield of the harvested winter barley was 41.8 centners/ha, winter wheat – 42.8 centners/ha, peas – 22.1 centners/ha.
The portal clarified that the leaders in harvesting since the beginning of the harvesting campaign are Kherson (the harvest was threshed from 69% of the area), Mykolaiv (60%), Luhansk (44%), Donetsk (39%) and Odesa (29%) regions.
As reported, the Ministry of Agrarian Policy and Food predicts the harvest of grain and leguminous crops in the 2021/2022 marketing year at the level of 75.8 million tonnes, exports may reach 56 million tonnes.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JULY 23

Official rates of banking metals from national bank as of July 23

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 23/07/21

National bank of Ukraine’s official rates as of 23/07/21

Source: National Bank of Ukraine

STATE-RUN ENERGOATOM INCREASES ELECTRICITY GENERATION BY 7% IN H1

Nuclear Power Plants (NPPs) of National Nuclear Generating Company Energoatom in January-June 2021 generated 42.1 billion kWh of electricity, which is 6.8% more than in the same period last year (39.4 billion kWh).
“Some 42.1 billion kWh were generated, which is 54.2% of the total electricity generated in Ukraine. In 2020, the share of electricity generated by Energoatom was 51.4%. The electricity generation target has been fulfilled by 106.6%,” Energoatom said on its website on Thursday.
As the company said, Energoatom managed to produce 1.6 billion kWh out of 2.7 billion kWh of additional electricity volumes in the first half of the year by reducing the time for scheduled preventive maintenance at NPPs by almost 75 days.
The installed capacity utilization factor (ICUF) of NPPs amounted to 69.9%, which is 5 percentage points more than in the first half of 2020.
The volume of funding for capital expenditures of Energoatom amounted to UAH 5.1 billion, which is 40.2% more than the same indicator for January-June 2020 (UAH 3.66 billion).
Among the most significant projects in the first half of the year, the company noted construction and preparation for commissioning of the Central Spent Fuel Storage Facility (CSFSF), completion of the first stage of splash pools of the South-Ukraine energy complex, construction of a radioactive waste processing complex at Khmelnytsky NPP, as well as construction of the Vilcha-Yaniv railway track with a length of 43 km, which will connect the CSFSF with the railway network of Ukraine.

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UKRAINE EXTENDS FOR 5 MONTHS ANTIDUMPING INVESTIGATION INTO IMPORT OF PLYWOOD FROM BELARUS

The Interdepartmental Commission on International Trade has extended for five months the antidumping investigation into Ukraine’s import of plywood originating from Belarus, initiated on June 22, 2020.
The decision of the commission of July 13, 2021 to initiate an investigation comes into force from the moment of its publication, it is indicated in the notification published in the Uriadovy Kurier newspaper dated July 23.
“The commission, in accordance with the adopted decision, decided to extend the antidumping investigation into the import of plywood originating from the Republic of Belarus to Ukraine by 18 months,” the notice says.
As reported, the said antidumping investigation, the decision on which entered into force on June 25, 2020, was initiated by Ukraine on the basis of complaints from Ukrainian companies, namely Kostopil Plywood Plant LLC, Ukrhosptovary Private Enterprise, Uniplit LLC, Standard 2002 LLC, Start production cooperative.
According to the applicants, during the observation period up to the third quarter of 2019, the share of plywood imports from Belarus increased in absolute terms by 691%, in terms of consumption – by 559%, and production – by 858%. At the same time, the price of imported plywood was higher than the price of the applicant (except for 2016-2017), which led to a negative trend in its performance in the domestic market.

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DEMAND FOR RESIDENTIAL REAL ESTATE IN UKRAINE REMAINS STABLE

Demand for apartments in Ukraine as a whole remains stable, and with the end of the lockdown there has been an upward trend, Director General of the Finance and Investment Association (FIMA) Viktoria Volkovska has told Interfax-Ukraine.
“According to a FIMA study, still the majority [76.9%] – buyers who report a desire to improve their living conditions. The share of investors purchasing housing for rent is about 38.5%. Such categories as displaced persons from the East and Crimea, of course, are present, but do not constitute a significant amount,” she said.
According to an online survey of construction finance fund managers, conducted following the first half of 2021, some 61.5% of respondents said that demand for housing has not changed significantly, and 15.4% said that demand has decreased by 10-20%. At the same time, 15.4% of respondents said that demand increased by 10-20% and 7.7% – by more than 20%.
“In early 2021, due to a prolonged quarantine period and a drop in income, we noted shrinkage in real demand. In April-May 2021, the situation changed for the better and the number of apartments sold reached the pre-quarantine level. Now the real estate market is showing a tendency towards full recovery to the indicators of a relatively successful 2019,” Yuriy Zavialych, the director of financial company Intersvit LLC (Lviv), said.
The Finance and Investment Management Association (FIMA) was established in May 2020. It unites 41 financial companies-managers of construction financing funds in Kyiv, Lviv, Odesa, Dnipropetrovsk, Khmelnytsky and Kharkiv.

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